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  • NEW YORK, July 31- Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Friday. A sudden, sharp rout across New York and Shanghai markets intensified selling pressure on...

  • BEIJING, July 31- China's sole financial futures exchange will tighten rules governing trading that it regards as "irregular" to tackle what it sees as excessive speculation in the markets, it said on Friday. China's stock markets fell into a savage correction in mid-June, slumping some 30 percent, after more than doubling in a year. Also on Friday, China's...

  • *CSRC has no jurisdiction in HK, Singapore, but does cooperate. HONG KONG/ SHANGHAI, July 31- China is pressing foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources said, extending its pursuit of "malicious" short sellers of Chinese stocks to overseas jurisdictions. At its regular press conference on Friday, the...

  • HONG KONG/ SHANGHAI, July 31- China plans to raise $160 billion in bonds to fund infrastructure projects over the next few years, sources said, in a sign Beijing is intent on stepping up investment to spur the economy and making good on huge but vague spending pledges. "It's indicative of the leadership's desire to stabilize the overall economy and investment, and...

  • HONG KONG, July 31- China stocks fell on Friday and posted their biggest monthly loss in nearly six years, even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy. The Shanghai Composite Index, which tracks all the tickers trading on the Shanghai Stock Exchange, lost 1.1 percent to end at 3,664.0 points.

  • China arrests seven in 1:100 leveraged futures scam Friday, 31 Jul 2015 | 3:09 AM ET

    SHANGHAI, July 31- Chinese authorities have arrested seven people who allegedly lured in half a billion dollars from investors by illegally offering huge amounts of leverage as high as lending 100 yuan for every yuan in collateral, a prosecutor said on Friday. The Longwan district prosecutor in the coastal city of Wenzhou said on its official microblog that...

  • *China securities regulator asking brokerages for offshore trading records-sources. HONG KONG/ SHANGHAI, July 31- China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to...

  • *Asia stocks set for July loss after worst China drop in 6 years. SINGAPORE/ TOKYO, July 31- Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years. Financial spreadbetters predicted Britain's FTSE 100 to open 2 to 4 points higher, or up 0.06 percent, Germany's DAX to gain 2 to 3 points, or almost flat...

  • HONG KONG/ SHANGHAI, July 31- China has asked financial institutions in Singapore and Hong Kong for stock trading records, sources with direct knowledge told Reuters, widening its pursuit of investors shorting Chinese stocks as Beijing struggles to stabilise queasy exchanges. The CSRC has no regulatory jurisdiction in Hong Kong or Singapore, but regulators...

  • HONG KONG/ SHANGHAI, July 31- Agricultural Development Bank of China, one of China's main policy lenders, and other development banks will issue over 1 trillion yuan of new bonds in coming years to fund lending for infrastructure projects, three people with direct knowledge of the plans told Reuters. The bonds will be issued in multiple tranches, the first as soon...

  • SHANGHAI, July 31- China's securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilize the world's second-largest economy. Fearing the turmoil could spill over into the wider economy, which had already been cooling, the...

  • HONG KONG, July 31- China stocks fell on Friday and looked set to suffer their biggest monthly loss in nearly six years even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy. China CSI300 stock index futures for August fell 0.1 percent to 3,678.6, but was still 133.74 points below the current value of...

  • SEOUL, South Korea— China's stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. Japan's Nikkei 225 was flat at 20,525.29 while Hong Kong's Hang Seng index rose 0.4 percent to 24,602.11. Stocks in Australia and New Zealand were higher as...

  • China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. An over-the-counter market, the NTB has been a hive of new listings since the freeze in Shanghai and Shenzhen took hold,...

  • *Some optimists see historical parallels with Japan. LONDON, July 30- China's $2 trillion equity rout may not be over yet but some foreign investors, far from fleeing a volatile market dominated by small-time traders, are swimming against the tide and buying more shares. Some in this small band of optimists see historical parallels with Japan, where the stock...

  • China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. An over-the-counter market, the NTB has been a hive of new listings since the freeze in Shanghai and Shenzhen took hold,...

  • HONG KONG/ SHANGHAI, July 30- China shares fell again on Thursday after a report that banks were trying to get to grips with their financial exposure to the stock market slump in June added to a pall of uncertainty for investors. The benchmark CSI300 index of the largest listed companies in Shanghai and Shenzhen closed down 2.9 percent, while the Shanghai...

  • Markets participants, however, say surging rates are likely to be short-lived as worries over yuan weakness may be overplayed and there is sufficient yuan liquidity in Hong Kong. Piling pressure on the yuan, China's State Council said on Friday it would liberalise yuan trading, among other measures, to support exports. "Following the sharp rebound in CCS, it is...

  • *China bonded copper premiums jump $10 to highest since March. MELBOURNE, July 30- London copper soured on Thursday, as jitters resurfaced in China's sharemarkets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. "We'll need to see how much more stimulus is thrown at it- if China throws a lot, at the end of the day, prices have to hold-...

  • MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.