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  • SHANGHAI, April 3- China's yuan firmed slightly against the dollar on Friday, with a six-week-high central bank midpoint helping offset corporate dollar demand before a long holiday weekend, traders said. The People's Bank of China fixed the official midpoint rate at 6.1348 per dollar before the market opened, the highest level since Feb. 17 and 0.08 percent...

  • NEW YORK, April 2- Mercedes-Benz and BMW are probing unauthorized exports of luxury cars from the United States to China, which have recently surged and threaten profit in the world's largest auto market, senior executives said. As a result, Daimler AG, which owns premium auto brand Mercedes-Benz, said it intensified efforts to clamp down on exports of U.S. models...

  • *Shanghai bonded nickel premiums jump $20 as LME price sinks. "Most Chinese NPI producers are under water at these prices, so it's really not sustainable under $13,000," said analyst Vivienne Lloyd at Macquarie in London. NPI, used in the production of stainless steel and as a cheaper alternative to refined nickel and ferronickel in China, had production costs of...

  • April 2- Hong Kong's benchmark Hang Seng index rose to seven-month highs on Thursday, while growth stocks soared on expectations of fresh money inflows from the mainland. China has recently encouraged mainland mutual funds to buy Hong Kong shares and also expanded Chinese insurers' investment scope, allowing them to buy stocks listed on the Growth Enterprise...

  • MELBOURNE, April 2- London nickel climbed nearly 2 percent on Thursday on technical buying, sparked after traders brought more into China following a steep price drop earlier in the week. Traders have stepped up imports of nickel and related products into China this week, after domestic nickel pig iron plants shut due to a crackdown on pollution, and global...

  • SHANGHAI, April 2- China stocks rose on Thursday, with sentiment boosted by news that Beijing is expanding the investment scope of country's 1.2 trillion yuan social security fund. The government announced late on Wednesday that the fund, which backs China's pension system, will be allowed to buy more local government debt, investment trusts and shares in...

  • HONG KONG, April 2- Seasonal demand for copper in China is likely to be moderate in the second quarter compared with previous years, with end users holding limited cash as the economy slows, industry sources in the country said. End users in China, the world's top consumer and producer of refined copper, typically increase purchases around the second quarter to...

  • HONG KONG, April 2- Yuan deposits in Hong Kong contracted for the second straight month in February, a sign that more measures to encourage yuan fund flows from the onshore market may be needed to grow the world's biggest offshore yuan pool. Yuan deposits grew quickly in Hong Kong after China in 2009 allowed cross-border trade to be settled in its currency.

  • *China official PMI edges up to 50.1 in March. *China bonded nickel premiums jump $15 on bargain hunting. Three month nickel on the LME rebounded 1 percent to $12,515 a tonne by 1027 GMT after earlier hitting a near six-year lows of $12,310 and following a 3.8 percent slump on Tuesday.

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • SHANGHAI, April 1- China's leading over-the-counter equity exchange is cracking down on illegal trading, with concerns growing that the market, which is aimed at small high-growth firms and private equity investors, is overheating. The operator of Beijing's "New Third Board" said late on Tuesday it was investigating a series of "ultra-high" price quotations...

  • SHANGHAI, April 1- China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players. China's cabinet announced on Tuesday that a long-awaited deposit insurance scheme- covering 99.6 percent of depositors...

  • *Gold fell 2.4 pct in March, second monthly loss. LONDON, April 1- Gold eased on Wednesday after ending March down more than 2 percent, as the dollar edged higher and as expectations that U.S. interest rates will rise this year weighed on the metal. Gold is particularly sensitive to shifts in U.S. interest rates, which also move the dollar, in which the metal is priced.

  • *Oil remains under pressure as talks on Iran continue. Europe's benchmark FTSEurofirst 300 recovered from a early wobble to put London's FTSE Germany's DAX and France's CAC up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher. Crude oil prices maintained their decline as an extension of talks between Iran and world powers...

  • China stocks jump to 7-year highs on factory survey Wednesday, 1 Apr 2015 | 3:18 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.8 percent, to 4,123.90 points, while the Shanghai Composite Index gained 1.7 percent, to 3,810.29 points. Among the most active stocks in Shanghai were Bank Of China, up 0.9 percent to 4.42 yuan; Agricultural Bank of China, up 0.5 percent to 3.69 yuan and United Network, up 10.1 percent...

  • *China official PMI edges up to 50.1 in March. *China bonded nickel premiums jump $15 on bargain-hunting. MELBOURNE, April 1- London copper prices steadied on Wednesday after Chinese factory activity performed a fraction better than expected, while nickel plumbed new six-year lows as China nickel pig iron producers sold stocks to raise cash.

  • METALS-LME nickel hits new 6-year low on forced sales Tuesday, 31 Mar 2015 | 9:03 PM ET

    MELBOURNE, April 1- London nickel sank to new six-year lows on Wednesday as Chinese nickel pig iron makers sold nickel stocks due to weak local demand for their product, while copper prices drifted ahead of key China manufacturing data out soon. The most-traded June copper contract on the Shanghai Futures Exchange dropped 1.6 percent to 43,090 yuan a tonne.

  • By Rahul Karunakar and Hari Kishan. March 31- Uncertainty surrounding the timing of the U.S. Chinese and most European stocks have led the way with a stellar run, buoyed by stimulus from the People's Bank of China and the European Central Bank.

  • SHANGHAI/ HONG KONG, March 31- As stock market investors cheer China's latest bid to boost an ailing housing sector, bankers are gritting their teeth over the risks they face in further relaxing rules on lending to home buyers. The hope is that by making it easier for buyers to get mortgages, China can revive the housing market, which accounts for 15 percent of its...

  • LONDON, March 31- After three months dominated by a rising dollar, interest rate cuts by 26 central banks and hefty equity gains, the big winner was the Chinese stock market. Investors who bought Shanghai- listed A shares at the start of the year have registered gains of 17 percent on a total return basis in dollar terms. Federal Reserve and the European Central Bank,...