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  • HONG KONG, Feb 6- Index provider MSCI Inc said on Friday it welcomed China's move to liberalise a major cross-border investment scheme, but that the country's handling of a summer stock sell-off raised concern over the liquidity of its markets. The announcement was the first formal update from the New York- headquartered firm after it said in June it would not...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • China stocks close lower ahead of Lunar New Year Friday, 5 Feb 2016 | 2:11 AM ET

    SHANGHAI, Feb 5- China stocks dipped on Friday on market views that government moves to raise investment ceilings for overseas investors won't lead to an immediate surge in foreign buying of Chinese equities. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.7 percent, to 2,963.79, while the Shanghai Composite Index lost 0.6...

  • SHANGHAI— The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept for most Chinese. Software developer Li Jin in Shanghai used one after he had to abort his flight plans because of last-minute work demands, and found that the only...

  • SHANGHAI, Feb 5- In the weeks leading up to the traditional Lunar New Year liquidity squeeze, China's central bank has been busy testing its new "interest rate corridor", a tool that could help reduce the need for deeper monetary policy easing. The People's Bank of China late last year introduced a new band to guide interest rates on loans and deposits, abolishing...

  • SHANGHAI, Feb 5- China's yuan weakened on Friday as local dollar demand ahead of the Lunar New Year holiday offset a steep fall in the greenback in global markets and a stronger central bank midpoint, traders said. The Chinese foreign exchange market will be closed all next week for the Lunar New Year holiday, and corporates typically need dollars to cover...

  • TOKYO, Feb 5- Asian equities were subdued on Friday and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve's monetary policy outlook. Shanghai shares crept up 0.1 percent, South Korea's KOSPI shed 0.1 percent and Australian shares lost 0.7 percent. "The biggest concern for the Japanese market now is...

  • *Yum's China sales drop for first time in 2015. *China same-store sales improving for both brands. SHANGHAI, Feb 5- Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald's Corp as the pair battle to revive flagging sales in China- a headache for Yum as it looks to spin off operations in its biggest market.

  • DONGGUAN/ HONG KONG, Feb 5- If, as the adage has it, turnover is vanity, profit is sanity, but cash is reality, a Reuters analysis of working capital at 1,200 Chinese firms shows much of corporate China is hurtling towards a reality check. KPMG China partner Fergal Power, who specialises in distressed companies, says most Chinese companies prioritised market share and...

  • Finance chiefs of the G20 bloc of big world economies will meet on Feb. 26-27 in Shanghai against the backdrop of apparent policymaker helplessness to calm markets, which have suffered one of the worst ever starts to a year. Oil's collapse, capital outflows from China and the prospect of yuan devaluation are all stoking fears of a global recession.

  • *Property tax rises also cool demand for central London property. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, foreign buyers have driven a spending spree on London property over the past two decades, snapping up everything from opulent homes to iconic commercial property. The scale of this wealth destruction...

  • SHANGHAI, Feb 4- Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald's Corp as the pair battle to revive flagging sales in China- a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales data suggests McDonald's is recovering faster in China than larger rival Yum as both seek to...

  • *Coming Up: U.S. Factory orders Dec at 1500 GMT. MELBOURNE, Feb 4- London copper rose for second day to the most in a month as a falling U.S. dollar spurred interest in commodities, including oil, that prompted investors shorting the market to close their positions ahead of the Lunar New Year holiday. China's copper imports surged by 18 percent in December and reached...

  • Treasury Secretary Jack Lew reiterated to China the importance of transitioning to a market-determined exchange rate in an orderly and transparent way, the Treasury said on Wednesday. During a phone call with Chinese Vice Premier Wang Yang on Tuesday evening, Lew also urged Beijing to clearly communicate its exchange rate policies and actions to financial...

  • LONDON, Feb 3- For all the hopes of healing world markets, it's hard to see how a' jarring January' suddenly becomes' feel-good February'. Unnerved by the oil collapse and its fallout, China's yuan' trilemma' and growing fears of world recession, for many money managers this will be at best a long haul with no easy fixes. Measures mooted over the past two weeks are all...

  • LONDON, Feb 3- Billions of dollars in new bets against China's yuan have been placed on derivatives markets this week as currency dealers weigh the chance of an official devaluation around this month's G20 finance chiefs' meeting in Shanghai. The yuan is also back under pressure in the offshore spot market, falling to a three-week low of 6.6510 yuan as London...

  • Bets against China's yuan build as traders eye G20 deal Wednesday, 3 Feb 2016 | 8:05 AM ET

    LONDON, Feb 3- Billions of dollars in new bets against China's yuan have been placed on derivatives markets this week as currency dealers weigh the chance of an official devaluation around this month's G20 finance chiefs' meeting in Shanghai. The yuan is also back under pressure in the offshore spot market, falling to a three-week low of 6.6510 yuan as London...

  • China stocks fall despite property easing measures Wednesday, 3 Feb 2016 | 2:08 AM ET

    SHANGHAI, Feb 3- China's stocks resumed their slide on Wednesday as sceptical investors quickly booked profits on gains made in the previous day, shrugging off fresh government measures to boost the property market. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 percent to 2,948.64 points. But some analysts say continued...

  • HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, sources told Reuters. Wealthy Chinese have been piling into insurance and investment products offered by Hong Kong- based insurers, agents...

  • Falling equity markets, both in developed and developing markets, credit and currency worries in China and monetary easing from major central banks other than the U.S. But for any rally to be sustained, much will depend on the reaction of consumers in the two Asian giants, India and China, the world's biggest gold buyers that together account for almost half of...