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  • China's yuan flat, seen steady over near term Tuesday, 12 May 2015 | 12:03 AM ET

    SHANGHAI, May 12- China's yuan was flat against the dollar on Tuesday after the central bank kept the midpoint rate largely around the previous day's level. Traders said a growing consensus that the Chinese currency was likely to remain stable in the near term may have also been a reason for the muted reaction to Beijing's latest easing steps.

  • China's state firms cool on new derivatives power Monday, 11 May 2015 | 5:00 PM ET

    *China lets about 100 more firms trade overseas derivatives. HONG KONG/ BEIJING, May 12- Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise. Last week China's State-owned Assets Supervision and...

  • Why China is cutting rates Monday, 11 May 2015 | 1:09 PM ET
    Why China is cutting rates

    As growth is slowing in China, CNBC's Michelle Caruso-Cabrera explains why the country cut rates.

  • SHANGHAI, May 11- China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalization of the deposit rate system eating into their profit margins. The People's Bank of China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs, while...

  • China springs a leak before springing rate cut Monday, 11 May 2015 | 5:09 AM ET

    BEIJING, May 11- More than two hours before China cut its interest rates on Sunday afternoon, the financially sensitive information was making its rounds among users of China's popular social messaging app WeChat. The WeChat message, seen by Reuters at 2:41 p.m., was bang on the money; it said China would cut interest rates by 25 basis points and raise the ceiling...

  • NEW DELHI, May 11- India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to set up the $100 billion development bank last July, in a step toward reshaping...

  • SHANGHAI, May 11- Chinese stocks jumped about 3 percent in volatile trading on Monday, led by property and infrastructure shares, after the central bank cut interest rates for the third time in six months to shore up the world's second biggest economy. While the reduction in benchmark lending and deposit rates by the People's Bank of China over the weekend came as...

  • TOKYO, May 11- Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and after Wall Street rallied on a robust headline reading for U.S. employment. But European stocks were seen opening slightly lower on the day, with lingering concerns over Greece's debt situation seen eclipsing the China...

  • SHANGHAI, May 11- Chinese stocks moved higher by mid-morning on Monday in volatile conditions as an interest rate cut by the central bank failed to impress investors who are becoming increasingly worried that the recent rally has been overdone. As of 0245 GMT, the CSI300 index of the largest listed companies in Shanghai and Shenzhen was up 0.7 percent, while the...

  • China stocks fall, shrug off PBOC rate cut Sunday, 10 May 2015 | 10:02 PM ET

    As of 0150 GMT, the CSI300 index of the largest listed companies in Shanghai and Shenzhen was down 0.2 percent, while the Shanghai Composite Index was down 0.1 percent. "The timing of the rate cut is well within expectations while the depth of the cut is smaller than many had expected," said Zhang Chen, analyst at Shanghai- based hedge fund manger Hongyi Investment.

  • UPDATE 1-EU looking to Asia to spur investment fund Friday, 8 May 2015 | 4:37 AM ET

    Through the creation of the European Fund for Strategic Investment, presented in Hong Kong on Thursday during its first roadshow outside Europe, the EU seeks to inject 315 billion euros into a range of long-term projects from broadband infrastructure to green energy. It's a no brainer for Asian investors, particularly Chinese ones, to diversify into Europe, "...

  • *China exports fell 6.4 pct in April from yr earlier. MELBOURNE, May 8- London copper edged up on Friday after weaker-than-expected China trade data fanned hopes of further stimulus, with an upcoming U.S. jobs report also in focus. China's exports unexpectedly fell 6.4 percent in April from a year earlier, while imports tumbled by a deeper-than-forecast 16.2...

  • MUMBAI, May 8- Alibaba Group Holding is in talks with India's Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world's fastest growing markets for the devices, several people with direct knowledge of the matter said. The deal, if completed, would see Alibaba investing as much as...

  • SHANGHAI, May 8- China stocks rebounded on Friday, stemming a three-day sell-off that led a key share index to its worst weekly decline in nearly five years amid fears of regulatory crackdown on speculators. The poor performance was triggered by signs of tighter regulatory scrutiny over margin lending, which has helped fuel a near doubling in China's stock...

  • *ShFE nickel premiums diverge to $120- $260 on China brand demand. MELBOURNE, May 8- London copper slipped on Friday on a stronger dollar and worries over demand in top metals consumer China after weaker than expected trade data, with an upcoming U.S. jobs report also in focus. China's exports fell 6.4 percent in April from a year earlier in dollar-denominated terms,...

  • *COO Daniel Zhang to become CEO, replacing Jonathan Lu. SHANGHAI/ HONG KONG, May 7- Alibaba Group Holding Ltd on Thursday posted a 45 percent rise in quarterly revenue, and shares of the Chinese e-commerce company jumped nearly 7 percent as investors cheered a smoother-than-expected transition to mobile transactions, which surpassed those from personal...

  • SHANGHAI/ HONG KONG, May 7- Alibaba Group Holding Ltd named a new chief executive on Thursday, as the Chinese ecommerce group's blistering growth faces headwinds and less-lucrative mobile transactions surpassed those from personal computers for the first time. Alibaba said Chief Operating Officer Daniel Zhang would on May 10 replace Jonathan Lu, who as the...

  • China stocks fall for 3rd day on policy fears Thursday, 7 May 2015 | 3:20 AM ET

    SHANGHAI, May 7- China stocks posted their third straight day of decline on Thursday, as fears of fresh moves by regulators to reduce leverage in stock trading dampened risk appetite. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.8 percent, to 0.00, while the Shanghai Composite Index lost 2.8 percent, to 4,112.21 points.

  • HONG KONG, May 7- Companies around the globe are gradually switching settlement of some trade transactions into yuan, but complex regulations in China remain a barrier to using the currency more readily. The survey questioned 1,610 international companies during January and February currently doing business with mainland China, or were a business in...

  • *Morgan Stanley downgrades China stocks for first time in 7.5 yrs. SHANGHAI, May 7- China stocks went into the mid-session on Thursday on course for a fall for a third straight day, as fears of fresh moves by regulators to reduce leverage in stock trading dampened risk appetite. Hong Kong stocks followed mainland markets lower, as Morgan Stanley- usually bullish on...