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  • In the case of China's beleaguered aluminium smelter sector, when it takes the form of a "commercial" stockpiling programme apparently. It's not just China's aluminium producers who are looking for government assistance in the face of collapsing metals prices. Both metals are on the SRB's shopping list since China is structurally short of both.

  • 'Pervasive weakness' in China Beige Book

    China Beige Book International President Leland Miller, discusses profits in manufacturing and services in China, and the forecast for the Chinese currency.

  • In the case of China's beleaguered aluminum smelter sector, when it takes the form of a "commercial" stockpiling program apparently. It's not just China's aluminum producers who are looking for government assistance in the face of collapsing metals prices. Both metals are on the SRB's shopping list since China is structurally short of both.

  • LONDON, Dec 18- Copper rose on Friday on a weaker dollar, year-end position squaring and rumours of potential stockpile purchases in China, but was still facing its biggest weekly decline in a month. "Typically, everybody squares off at year end, but I think a lot of people are leaving it to the last week," said Wiktor Bielski, head of commodities research at VTB Capital.

  • *Coming up: China house prices Nov at 0130 GMT. MELBOURNE, Dec 18- Copper prices climbed on Friday as the dollar dropped, but prices were staring at their biggest weekly fall in a month as traders cut risk in the second last trading week before Christmas. "The low price environment has triggered some plans to cut back production, so this is short term support for copper...

  • BEIJING, Dec 18- China's home prices rose for the second straight month in November in on-year terms, signaling further stabilization in the country's largest urban housing markets, although oversupply continues to plague smaller cities. Average new home prices rose 0.9 percent in November from a year earlier, Reuters calculated from the National Bureau of...

  • SHANGHAI, Dec 18- China's yuan was marginally firmer against the dollar on Friday, with the central bank apparently intervening in trading via state banks to control the pace of the currency's depreciation. The People's Bank of China appears set to let the yuan depreciate to 6.5 per dollar before the year-end, traders said, but may not want it to fall too fast to...

  • *Pits Apple payment system vs Alibaba, Tencent. SHANGHAI, Dec 18- Apple Inc said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings. The move will see Apple Pay take on Tencent's WeChat Payment and Alipay, the crown jewel of ecommerce king Alibaba's affiliate Ant...

  • WASHINGTON/ SHANGHAI, Dec 17- Chinese e-commerce giant Alibaba Group Holding Ltd has avoided being named on a U.S. blacklist for sites hosting the sale of fake goods, a victory for the firm after lobbying hard to avoid inclusion on the list. Trade Representative said, though, it was "increasingly concerned" about Alibaba's enforcement programs and warned it must...

  • LONDON, Dec 17- British clothing and food retailer Marks& Spencer is to open its first store in Beijing on Friday, part of its strategy in China to focus on flagship stores in the largest cities, while expanding online. The firm said the store would build on the growing popularity in Beijing for M&S products through its online sites on Chinese marketplaces...

  • LONDON, Dec 17- Zinc prices sunk to the lowest levels in nearly 6-1/ 2 years on Thursday and other industrial metals also fell as the dollar firmed after the first U.S. rate increase in nearly a decade. "Today's dollar strength is having an impact on base metals, but what is definitely surprising me is that zinc prices are under so much pressure when the Century mine is...

  • *More companies expected to list in China. HONG KONG, Dec 17- China's landmark decision this month to implement a U.S.-style registration system for stock listings will boost revenues at local banks and brokers and lure more companies to the stock market, analysts said. Under official proposals unveiled by the State Council on Dec. 9, issuers and underwriters...

  • JAKARTA, Dec 17- Asia policymakers on Thursday applauded an historic turn in U.S. monetary policy, but analysts cautioned that the region's economies faced vulnerabilities even as markets took the Federal Reserve rate hike in their stride. The palpable relief among policymakers, and investors, comes as the global economy navigates through some rough terrain,...

  • SHANGHAI, Dec 17- China stocks rallied on Thursday as risk appetite improved after the Federal Reserve raised rates for the first time in nearly a decade, as expected, removing a major source of uncertainty about the U.S. central bank's policy. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 1.9 percent, to 3,755.89, while the...

  • SYDNEY, Dec 17- Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates as a mark of confidence in the world's largest economy, lifting the dollar and piling on the pain for oil prices. European shares were expected to follow with Britain's FTSE 100 set to open 1.1 percent higher according to IG.

  • SHANGHAI, Dec 17- China's yuan weakened against the dollar on Thursday, as the central bank guided the Chinese currency lower after U.S. interest rates rose for the first time in nearly a decade. The People's Bank of China set the official daily yuan/dollar midpoint rate at 6.4757 per dollar prior to market open, its weakest level since June 2011, and 0.2 percent...

  • SYDNEY, Dec 17- Asian stock markets jumped on Thursday as investors chose to take an historic hike in U.S. interest rates as a mark of confidence in the world's largest economy, lifting the dollar and piling on the pain for oil prices. China also allowed its currency slip for a 10th straight session to hit its lowest since June 2011. "The Fed will be absolutely...

  • LONDON, Dec 16- Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade. "It is a foregone conclusion that the Fed is going to raise rates," said Kully Samra, a managing director at U.S. focused investment manager Charles Schwab in London.

  • LONDON, Dec 16- Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade. "It is a foregone conclusion that the Fed is going to raise rates," said Kully Samra, a managing director at U.S. focused investment manager Charles Schwab in London.

  • SHANGHAI, Dec 16- China's yuan softened against the dollar on Wednesday after the country's central bank fixed its midpoint weaker ahead of an anticipated rise in U.S. interest rates this week. The offshore yuan firmed against the dollar, after sources told Reuters that China's central bank was ready to moderate sharp falls in the currency in the offshore...