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  • Jan 12- Walt Disney Co's theme park in Shanghai is slated to open on June 16, the company said on Tuesday. The $5.5 billion resort in Shanghai's Pudong district is a joint venture between Disney and state-backed consortium Shanghai Shendi Group. The resort will feature characters with new stories tailored for the Chinese people, with attractions such as Gardens...

  • *China's central bank fixes yuan firmer for third session. Ebbing confidence in China's policymaking has fuelled investors' retreat from the slowing economy, and expectations that the currency will fall further has widened the gap between the tightly managed onshore yuan and the Hong Kong- based offshore rate. The yuan has depreciated more than one percent...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.7 percent to 3,215.71 points, while the Shanghai Composite Index gained 0.2 percent to 3,022.86 points. Among the most active stocks in Shanghai were CN Shipbuilding, up 3.0 percent to 8.24 yuan; Shanxi Coal, down 3.5 percent to 4.94 yuan and Nanjing Steel, down 6.3 percent to 2.97...

  • *WMPs often offer double-digit returns based on risky assets. SHANGHAI/ BEIJING, Jan 12- China's banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products, five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit.

  • SHANGHAI Jan 12- China stocks rose on Tuesday as financial stocks bounced and the offshore yuan strengthened on suspected state bank intervention, in what could be the latest official move to dampen currency depreciation fears which are rattling Chinese companies. China CSI300 stock index futures for January rose 0.6 percent, to 3,224, 1.3 points below the...

  • SHANGHAI, Jan 12- China's offshore yuan was trading almost in line with its onshore counterpart on Tuesday, with the offshore yuan implied overnight deposit rate hitting a record high, indicating extremely tight liquidity outside the mainland. China's offshore yuan implied overnight deposit rate hit a record high of 94 percent in Hong Kong on Tuesday, with...

  • *China's central bank fixes yuan firm for third session. SHANGHAI, Jan 12- China set another firm fix for its currency on Tuesday and stepped up a verbal campaign, backed by what dealers said was aggressive buying, to convince skeptical investors that they were in control of events. China's equity markets, which tumbled 10 percent last week and a further 5 percent on...

  • SHANGHAI/ BEIJING, Jan 12- China's banking regulator and the main bond clearinghouse have asked commercial banks to reduce yields offered on their wealth management products, five sources with direct knowledge of the matter told Reuters Tuesday. Bank wealth management products, which are marketed by banks but often backed by risky third party assets...

  • AKSU, China, Jan 12- The Youngor cotton spinning factory is one of the biggest employers in Aksu, an agricultural town on the edge of the Taklamakan desert in China's restive Xinjiang region. Youngor, one of China's largest shirt-makers, opened the plant in 2011 to be closer to the main cotton-growing region in Xinjiang. China is putting less value on being "the...

  • *China stocks tumble 5 pct. NEW YORK, Jan 11- Global stock indexes fell on Monday, continuing a brutal start to 2016, as China's market tumbled again and the decline in oil prices worsened. Fears over China's economy contributed to last week's declines, and the main Shanghai stock indexes each ended down more than 5 percent on Monday.

  • HONG KONG/ LONDON, Jan 11- The biggest-ever Chinese acquisition of a German company was announced on Monday, with a consortium led by state-owned China National Chemical Corp buying industrial machinery maker KraussMaffei Group for about $1 billion. The ChemChina-led consortium, which also includes Guoxin International Investment Corp and private equity...

  • BEIJING/ SHANGHAI, Jan 11- A renewed plunge in Chinese stock markets has stoked concerns among global investors about the health of the world's second-biggest economy, but there is little evidence that the outlook for China has darkened dramatically in recent weeks. China's economy lost steam steadily through 2015 and economists are split over when they...

  • BEIJING/ SHANGHAI, Jan 11- A renewed plunge in Chinese stock markets has stoked concerns among global investors about the health of the world's second-biggest economy, but there is little evidence that the outlook for China has darkened dramatically in recent weeks. China's economy lost steam steadily through 2015 and economists are split over when they...

  • SHANGHAI, Jan 11- Swiss bank UBS AG plans to more than double the number of staff at its China wealth management teams over the next five years, said Kathryn Shih, Asia pacific president at the bank, in an interview with Reuters on Monday. The world's largest wealth manager plans to open a new wealth management branch in Shanghai by the end of the first quarter, said UBS...

  • *China's central bank fixes yuan higher. SHANGHAI, Jan 11- China guided its yuan currency higher on Monday, and offshore it surged against the dollar, spurred by what traders called aggressive intervention by Beijing, although Chinese stocks tumbled again as doubts persisted over policymakers' intent. Perceived mis-steps by China's authorities have stoked...

  • *China's central bank fixes yuan higher, causing confusion. SHANGHAI, Jan 11- China guided its yuan currency stronger for a second straight session on Monday, in a move that might calm concerns about how ready Beijing is to let the currency depreciate, but added to doubts over the ultimate policy intent. Perceived mis-steps by China's authorities have stoked...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 5.0 percent, to 3,192.45, while the Shanghai Composite Index lost 5.3 percent, to 3,016.70 points. Among the most active stocks in Shanghai were Meiyan Jixiang, down 10.1 percent to 6.53 yuan; Shanxi Coal, up 10.1 percent to 5.12 yuan and Agricultural Bank of China, down 1.9 percent to...

  • DETROIT-- Jan 10- Ford Motor Co is launching a new, global model for harvesting data and earning revenue from customers by offering services beyond the sale of new vehicles, the company said on Monday. Ford will also open "FordHub" storefronts in New York, London, Shanghai and San Francisco to draw would-be customers. Silicon Valley companies including Alphabet...

  • SHANGHAI, Jan 11- China's yuan edged up against the dollar on Monday, buoyed by a firmer midpoint fixing and after the foreign exchange regulator soothed worries about the Chinese currency's depreciation. "Following the wild session in the first week of this year, it appears to us that China would hold back the pace of CNY depreciation," Zhou Hao, an economist at...

  • SHANGHAI, Jan 11- China stocks fell more than 2 percent on Monday, shrugging off a firmer yuan, as data pointed to growing deflationary risks in the world's second-largest economy. China CSI300 stock index futures for January fell 2.4 percent, to 3,256, 32.80 points below the current value of the underlying index, suggesting investors see further losses.