Business News Beijing

  • March 15- Canada's main stock index rose to its highest level in five months on Friday, led by the material sector, as investor sentiment was lifted by reports that Beijing and Washington had made more progress in their trade talks. *Chinese Vice Premier Liu He spoke by telephone with U.S. *At 10:00 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index.

  • LONDON, March 15- Global stocks rose on Friday after a report that U.S.- China trade talks were making progress and a vote by UK lawmakers to delay Britain's exit from the European Union. Britain's benchmark FTSE 100 index outperformed, boosted by growing expectations Britain will not leave the EU on March 29 without a deal. S&P 500 futures also gained, indicating...

  • "I think that has helped to stabilize the sentiment and calm the market, but there is still some macro uncertainty lingering, so we're not seeing a massive rally in the metals prices," said Xiao Fu, head of commodity market strategy at Bank of China International in London. Benchmark aluminum on the London Metal Exchange was up 0.2 percent at $1,907 a tonne by 1100 GMT...

  • LONDON, March 15- European shares rose on Friday and were set for their best week in a month as positive signs on U.S.- China trade talks and UK lawmakers' vote to delay a potentially chaotic exit from the European Union supported investor appetite for riskier assets. London's FTSE 100 outperformed, lifted by its heavyweight oil and mining stocks on higher metals...

  • China won't let economy grow less than target range- Li. *Hopes trade talks between U.S., China to achieve results. China has promised billions of dollars in tax cuts and infrastructure spending to help businesses and protect jobs, as economic momentum is expected to cool further due to softer domestic demand and the trade war with the United States.

  • March 15- Italian Prime Minister Giuseppe Conte is due to sign a memorandum of understanding with Chinese President Xi Jinping next week endorsing Beijing's ambitious "Belt and Road" investment programme. Conte has faced calls from home and abroad not to sign the document, amid fears Italy might expose sensitive technologies to China or hand over critical...

  • ROME, March 15- The ancient Silk Road was a network of trading routes that stretched from China to Italy, transporting goods, skills and ideas half way around the world. Prime Minister Giuseppe Conte plans to sign a preliminary accord when Xi visits Rome next week, hooking Italy up to the Belt and Road Initiative- a colossal, multi-billion-dollar project designed...

  • ROME, March 15- The ancient Silk Road was a network of trading routes that stretched from China to Italy, transporting goods, skills and ideas half way around the world. Prime Minister Giuseppe Conte plans to sign a preliminary accord when Xi visits Rome next week, hooking Italy up to the Belt and Road Initiative- a colossal, multi-billion-dollar project designed...

  • LONDON, March 15- Global stocks rose on Friday after a report that U.S.- China trade talks were making progress and a vote by UK lawmakers to delay the British exit from the European Union. S&P 500 futures also gained, indicating stocks would open higher on Wall Street. Chinese Vice Premier Liu He spoke by telephone with U.S.

  • *China shares lead EM equity gains. *Russia's rouble rises on higher oil prices and tax payments. March 15- Emerging market currencies and stocks rose on Friday, on track to end the week higher as investor sentiment lifted on reports that Beijing and Washington had made more progress in their trade talks.

  • BEIJING/ SHANGHAI, March 15- China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike Inc.. The state-run China Central Television will on Friday evening broadcast its annual consumer rights show, similar to CBS network's "60 Minutes" in the United States, that...

  • *BOJ keeps interest rate targets unchanged. *Kuroda stays upbeat in Japan's economic outlook. TOKYO, March 15- Bank of Japan Governor Haruhiko Kuroda on Friday ruled out the chance of additional monetary easing, even after heightening overseas risks forced the central bank to temper its optimism that robust exports and factory output will support growth.

  • LONDON, March 15- The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. central bank meeting next week where policymakers will shed more light on the outlook for interest rates. Antipodean currencies led by the Australian dollar and its New Zealand counterpart were the biggest gainers...

  • MANILA/ BEIJING, March 15- Zinc prices fluctuated wildly on Friday and Shanghai Futures Exchange spreads ballooned after Chinese Premier Li Keqiang said a planned cut in value-added tax would take effect from April 1. London zinc spiked 2 percent to $2,882 a tonne, the highest since July 2, immediately after Li's comments before profit-taking saw the metal used...

  • *Offers bleaker view on overseas, Japan's economies. Factories across the globe slammed on the brakes last month as demand was hit by the U.S.- China trade war, slowing global growth and political uncertainty in Europe ahead of Britain's departure from the European Union. "It is true Japan's exports and output are being affected by slowing overseas growth,"...

  • *China will not allow economy to slip out of range- Li. BEIJING, March 15- China can use reserve requirements and interest rates to support economic growth, Premier Li Keqiang said on Friday, promising broad policy steps to prevent a sharper slowdown for the world's second-biggest economy. China has so far promised billions of dollars in tax cuts and...

  • *Offers seen from Egypt, Australia- traders. SINGAPORE, March 15- Asian spot prices for liquefied natural gas this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand, trade sources said. For instance, India's Reliance Industries issued a tender...

  • *China will not allow economy to slip out of range- Li. BEIJING, March 15- China can use reserve requirements and interest rates to support economic growth, Premier Li Keqiang said, promising broad policy steps to prevent a sharper deceleration as the world's second-biggest economy expands at the slowest pace in nearly three decades. China has so far promised...

  • BEIJING, March 15- New home prices in China grew at their slowest pace in 10 months in February in sign of slackening demand as the economy cools further, leaving authorities walking a tight rope between loosening some existing curbs and flushing out speculators. Average new home prices in China's 70 major cities rose 0.5 percent in February, slowing from a 0.6...

  • HONG KONG, March 15- Shares in China climbed on Friday after the government reiterated its commitment to boosting growth and as Beijing and Washington appeared to have made more progress in their trade talks. **In Hong Kong, both the Hang Seng Index and Chinese H-shares listed in Hong Kong gained 1 percent. **China will not let economic growth slip out of a reasonable...