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  • Treasury Secretary Jack Lew reiterated to China the importance of transitioning to a market-determined exchange rate in an orderly and transparent way, the Treasury said on Wednesday. During a phone call with Chinese Vice Premier Wang Yang on Tuesday evening, Lew also urged Beijing to clearly communicate its exchange rate policies and actions to financial...

  • LONDON, Feb 3- For all the hopes of healing world markets, it's hard to see how a' jarring January' suddenly becomes' feel-good February'. Unnerved by the oil collapse and its fallout, China's yuan' trilemma' and growing fears of world recession, for many money managers this will be at best a long haul with no easy fixes. Measures mooted over the past two weeks are all...

  • LONDON, Feb 3- Billions of dollars in new bets against China's yuan have been placed on derivatives markets this week as currency dealers weigh the chance of an official devaluation around this month's G20 finance chiefs' meeting in Shanghai. The yuan is also back under pressure in the offshore spot market, falling to a three-week low of 6.6510 yuan as London...

  • LONDON, Feb 3- Billions of dollars in new bets against China's yuan have been placed on derivatives markets this week as currency dealers weigh the chance of an official devaluation around this month's G20 finance chiefs' meeting in Shanghai. The yuan is also back under pressure in the offshore spot market, falling to a three-week low of 6.6510 yuan as London...

  • SHANGHAI, Feb 3- China's stocks resumed their slide on Wednesday as sceptical investors quickly booked profits on gains made in the previous day, shrugging off fresh government measures to boost the property market. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 percent to 2,948.64 points. But some analysts say continued...

  • HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, sources told Reuters. Wealthy Chinese have been piling into insurance and investment products offered by Hong Kong- based insurers, agents...

  • Falling equity markets, both in developed and developing markets, credit and currency worries in China and monetary easing from major central banks other than the U.S. But for any rally to be sustained, much will depend on the reaction of consumers in the two Asian giants, India and China, the world's biggest gold buyers that together account for almost half of...

  • HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, two sources told Reuters. The limit for each transaction made in Hong Kong by using UnionPay cards issued in the mainland to pay premiums will...

  • *China to reduce home down payment requirements in most cities. HONG KONG, Feb 2- China said on Tuesday it will reduce the minimum down payment required for first- and second-time home buyers in most cities, a move aimed at clearing a housing glut in regions outside the country's major centres. The main cities that have such restrictions are Beijing, Shanghai,...

  • BEIJING, Feb 2- The new chief executive of China National Bluestar said he was conducting a review of its operations that could include divestments in a bid to boost growth and competitiveness at the unit of state-owned China National Chemical Corporation. Michael Koenig, a former Bayer AG executive and one of a few foreigners to head a Chinese state-owned...

  • SHANGHAI, Feb 2- Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1...

  • SHANGHAI, Feb 2- China stocks bounced more than 2 percent on Tuesday, led by small-caps, but some analysts said thin trading volume suggests the rebound could be short-lived.

  • SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • SHANGHAI, Feb 2- China's yuan barely budged against the dollar on Tuesday as massive central bank liquidity injections helped to avoid a cash crunch ahead of the long Lunar New Year holiday and as authorities reiterated they would keep the currency stable. The People's Bank of China set the midpoint rate at 6.551 per dollar prior to the market open, 0.04 percent...

  • By Samuel Shen and Pete Sweeney. SHANGHAI, Feb 2- Chinese shares edges higher on Tuesday while the country's central bank guided the yuan to its highest fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. Given that, Wang was surprised China's central bank had not cut rates or reserve requirements, rather relying on...

  • *China says not protectionism; standards just lag Europe. BEIJING, Feb 2- Some global automakers are worried that China is pushing its weight around as the world's biggest car market- by enforcing its own, often outdated, vehicle certification standards on foreign cars. China previously allowed global brands to sell cars without local certification in many...

  • LONDON, Feb 1- Hedge funds have ramped up bets on a devaluation of China's yuan since the Bank of Japan cut interest rates into negative territory, with the bias towards yuan falls in options markets hitting its highest on record on Monday. "Since the Bank of Japan was so dovish last week, all of these countries are under a lot more pressure to devalue," said a dealer with...

  • *European stocks dip on weaker euro zone, China data. *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct.

  • *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct. Friday's surprise move by Japan to negative interest rates sent its bond yields to new lows.

  • *China's government hasn't decided on plan to stockpile tin. LONDON, Feb 1- Copper prices slipped on Monday alongside Chinese equities on news the country's manufacturing sector shrank at the fastest in more than three years, reinforcing fears of weaker demand in the top consumer of industrial metals. China's official Purchasing Managers' Index fell to 49.4 in...