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  • SHANGHAI, Dec 1- China's yuan weakened against the dollar on Thursday, but losses were capped by state-owned banks selling the U.S. currency in the domestic market to offset pressure from the stronger greenback, traders said. The dollar's renewed strength came as oil prices jumped around 9 percent as oil cartel OPEC agreed to cut output. The People's Bank of China...

  • SHANGHAI, Dec 1- Hong Kong stocks rose to a three-week high on Thursday morning as energy sector rallied after OPEC agreed to a deal to reduce production, while markets in China rebounded after a survey showed factory activity picked up speed last month. Zhang Qi, analyst at Haitong Securities in Shanghai, said markets cheered an oil price surge and expects...

  • SHANGHAI, Dec 1- China's central bank has circulated new rules for companies which make yuan-denominated loans to overseas entities, sources with direct knowledge of the matter said, the latest in a slew of measures by Beijing to control capital outflows. The move comes after the yuan fell to more than eight-year lows, fueling attempts by firms to get their money...

  • *OPEC agrees on first output cut since 2008. TOKYO, Dec 1- Oil prices, and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a glut, while the dollar and bond yields rose sharply on prospects that resulting inflationary pressures will lead to higher interest rates. The Organization of the Petroleum Exporting Countries on...

  • *Shanghai copper gets oil lift. SYDNEY, Dec 1- Shanghai copper futures climbed nearly 2 percent on Thursday, recovering some of the previous session's steep losses, as a rally in oil prices filtered through to other commodities. The most-traded copper contract on the Shanghai Futures Exchange rose 1.4 percent to 46,850 yuan a tonne by 0220 GMT, after falling 3.6...

  • SHANGHAI, Dec 1- China's central bank has circulated new rules for companies which make yuan-denominated loans to overseas entities, sources with direct knowledge of the matter said, the latest in a slew of measures by Beijing to control capital outflows. The move comes after the yuan fell to more than eight-year lows, fueling attempts by firms to get their money...

  • *Private sector investment growth picks up from record lows. *Recovery seen driven by stimulus rather than structural reform. TANGSHAN/ GUIYANG, China, Dec 1- Toilet manufacturer Fenghua Ceramics Co is building a factory over farmland in north China's Tangshan city, its first major investment since 2000.

  • *China remains key to demand for industrial metals. Benchmark copper on the London Metal Exchange fell to a one-week low of $5,612.50 before ending up two percent at $5,825 a tonne, which traders said was partly due to oil's more than 7 percent gain to a one-month high above $50 a barrel. "Fundamentals haven't really changed... speculative flows have been reversed,"...

  • *Oil soars amid signals of OPEC production cut. LONDON, Nov 30- Oil jumped more than 8 percent and the dollar, U.S. bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about China's banking system, a stress test for British banks and a raft of euro zone data,...

  • *China remains key to demand for industrial metals. LONDON, Nov 30- Copper fell to one-week lows on Wednesday as investors cut bets on higher prices due to growing doubts that this month's sizzling rally was built on solid fundamentals. "Fundamentals haven't really changed... speculative flows have been reversed," said Haitong Bank analyst Andrew Keen.

  • *Oil soars amid signals of OPEC production cut. LONDON, Nov 30- Oil jumped more than 6 percent and the dollar, U.S. bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about China's banking system, a stress test for British banks and a raft of euro zone data,...

  • BEIJING, Nov 30- Shanghai Futures Exchange said on Wednesday it will limit intraday position sizes in January and February zinc and lead futures for non-members, as one of China's top commodity markets again moved to curb speculators that have piled into metals. The accumulative measures as well as concerns about liquidity in China, the world's top...

  • BEIJING/ MELBOURE, Nov 30- An exodus of cash from steel to rubber to zinc threatened a blistering months-long rally across global commodity markets on Wednesday, triggered by fresh concerns about liquidity in China, the world's second largest economy. Coking coal futures and construction product steel rebar posted their biggest one-day falls on record, while...

  • SHANGHAI, Nov 30- China's blue-chip stock index slid on Wednesday, snapping a 7- session winning streak, as raw material stocks tanked after commodity prices were hit by fears of a liquidity squeeze. However, analysts said moves by China's central bank in recent days to shore up a sliding yuan were sucking additional liquidity from the system and raising fears of...

  • *China stocks, commodities fall on liquidity fears. HONG KONG, Nov 30- Asian stocks tried to stabilise after a rocky November month drew to a close, but Wednesday's session brought new anxieties as Chinese equities and commodities tanked amid worries that Beijing's efforts to support its currency could squeeze liquidity. The decline in Chinese stocks weighed...

  • *Soybeans lose ground on Brazil, Argentina weather outlook. SINGAPORE, Nov 30- Chicago soybean futures lost more ground on Wednesday to fall further from 4-1/ 2 month highs, with improved weather for planting crops in Brazil and Argentina weighing on prices. Soybean prices have been supported by strong demand for U.S. supplies led by China, but the focus is now...

  • *Hong Kong rises on telecommunication shares, but gains capped. SHANGHAI, Nov 30- Hong Kong stocks edged up on Wednesday morning, taking their cue from Wall Street, but gains were capped as investors remained cautious ahead of an OPEC meeting and Italy's referendum result. Risk appetite in the Hong Kong market was curbed ahead of a meeting of the Organization of the...

  • SHANGHAI, Nov 30- China's yuan firmed against the dollar on Wednesday, supported state-owned banks selling dollars for a third consecutive day, but the Chinese currency was still poised to post its worst month since a one-off devaluation in August 2015. "Major state-owned banks are still in the market today offering dollar liquidity to push the yuan higher," said...

  • *Coming Up: OPEC meeting on output cut decision. MELBOURNE, Nov 30- Shanghai metals came under heavy selling pressure on Wednesday, with zinc, copper and lead down more than five percent as worries about a cash crunch in China were compounded by ShFE measures to curb a searing rally in steel. The Shanghai bourse said on Monday that it would limit the size of positions...

  • SHANGHAI, Nov 30- China's stock markets fell and commodities prices plunged on Wednesday as government efforts to steady the sliding yuan currency and curb capital outflows added to fears of a liquidity squeeze in the banking system. Analysts said moves by China's central bank in recent days to shore up the yuan were sucking additional liquidity from the...