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  • BEIJING, March 27- China's central bank said on Monday that it will improve the policy framework and infrastructure for cross-border use of the yuan currency. The People's Bank of China will improve the yuan regime and steadily push forward with the yuan's convertibility in the capital account, it said in a statement on its website. The PBOC also said it aims to...

  • LONDON, March 27- Emerging equities were pressured on Monday by growing concern for so-called Trumpflation trades, although the dollar's retreat to four-month lows allowed currencies such as the rand and rupee to scale multi-month highs. "A lot now comes down to China and if they can take over the leadership of the global reflation trade." The currency also...

  • *OPEC, non- OPEC producers review extension of production cuts. LONDON, March 27- Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC- led production cut will be extended beyond June in an effort to counter a glut of crude. A committee of ministers from OPEC and outside producers agreed on Sunday to look at prolonging the deal,...

  • LONDON, March 27- British banks need to prepare for a wide range of potential outcomes and avoid sudden changes to lending as the country gets ready to leave the European Union, Bank of England policymakers said on Monday. Just two days before Prime Minister Theresa May plans to formally notify the European Union that Britain is ready to start two years of exit...

  • DUBAI, United Arab Emirates— A subsidiary of the state-backed developer Emaar says it made an $800- million offer to purchase the online retailer Souq.com amid rumors of a possible acquisition of the website by Amazon. Officials with Souq.com and Seattle- based Amazon.com Inc. did not immediately respond to requests for comment. The state-run sovereign...

  • BEIJING, March 27- Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017-- the fastest pace in nearly 6 years-- as prices of commodities from coal to iron ore raced higher. Stronger earnings could give a further boost to fixed-asset investment, which quickened early in the year, and give China's "smokestack" industries more cash...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar who chairs Dubai's largest publicly listed developer Emaar Properties.

  • SHANGHAI, March 27- Hong Kong stocks fell on Monday as fresh measures to curb China's heated property market weighed on shares of developers, offsetting data showing strong profit growth for industrial companies early in the year. An index tracking mainland developers tumbled over 4 percent, led by industry heavyweight Vanke, after China restricted...

  • LONDON, March 27- The dollar slid to a four-month low against a basket of currencies on Monday as concerns rose about the prospects of a U.S. public spending boost under President Donald Trump after he failed to push through a healthcare reform bill. His inability to deliver on a major election campaign pledge marked a big setback for a Republican president whose...

  • BERLIN— A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has unexpectedly risen to a six-year high. The Ifo institute said Monday that its monthly confidence index rose to 112.3 points in March from 111.1 last month. The Ifo institute, which surveys some 7,000 companies for its monthly index, said the survey hit its...

  • BERLIN, March 27- German business morale brightened unexpectedly in March, a survey showed on Monday, suggesting company executives in Europe's largest economy are brushing off concerns about the threat of rising protectionism. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 112.3...

  • LONDON— Tim Barlow pushes a green stamp onto the edge of an unfinished plate, leaving behind the words "Made in England." It's still a piece of unglazed gray clay, a far cry from the gleaming decorated disc of Wedgwood Jasperware it will become, but Barlow and his employers are betting those words will be a selling point as Britain begins the process of leaving the...

  • LONDON, March 27- Borrowing costs across the euro zone fell sharply on Monday, as a legislative defeat for U.S. Bond yields in Germany and France fell to their lowest levels in around three weeks in early Monday trade, while elsewhere in the single currency bloc yields tumbled 5-6 basis points as U.S. 10- year Treasury yields hit one-month lows.

  • BRUSSELS— The European Union's presidency says people's privacy must be protected following British calls for police access to encrypted messages in case of attacks. Maltese Interior Minister Carmelo Abela said Monday "there is a fine line here. London attacker Khalid Masood sent a WhatsApp message that can't be accessed because it was encrypted.

  • TOKYO, March 27- Toshiba Corp's U.S nuclear unit could file for Chapter 11 protection from creditors as early as Tuesday, according to a source with direct knowledge of the matter, hoping to ring fence losses ahead of the end of its financial year. Separate sources with knowledge of the matter said last Friday Toshiba had informed its main banks that it was...

  • LONDON, March 27- Sterling surged almost 1 percent to a seven-week high against the dollar on Monday, gaining with other major currencies after the failure of a Republican healthcare bill weakened faith in U.S. At the start of a week set to include Britain's formal request to leave the European Union, the pound gained 0.8 percent compared to Friday's close on...

  • Spot gold rose 1.1 percent to $1,258 per ounce by. 0704 GMT after hitting $1,259.14, its highest since Feb. 27. "Looks like some people are not happy with Trump's failure over his promises and we see that currently there is a very bearish mood about the U.S. dollar," said Jiang Shu, chief analyst at Shandong Gold Group.

  • RALEIGH, N.C.— The Associated Press used dozens of interviews and multiple public records requests to determine that North Carolina's "bathroom bill" will cost the state more than $3.76 billion in lost business over a dozen years. A state Commerce Department analysis shows officials expected a planned Charlotte PayPal operations center to contribute more...

  • *Hyundai shuts one plant in China for a week, starting March 24. South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing's objections to a planned deployment of the U.S. News of Hyundai's China plant closure, first reported by online media ChosunBiz on Sunday, drove shares of the company down as much as 3...

  • *Mutation very common China, opening big sales opportunity. LONDON, March 27- AstraZeneca has won approval for its lung cancer pill Tagrisso in China, a key market for the potential blockbuster medicine. Tagrisso is designed to help cancer patients with certain genetic mutations that are very common in China and the regulatory green light boosts the British...