LONDON, April 20- The euro weakened below $1.23 on Friday and is poised for its biggest weekly drop in two months as investors trimmed record high bets before a European Central Bank meeting next week where policymakers are largely expected to signal no change in policy. "We are seeing the euro stuck in a range and unless the ECB signals a major change in policy we...
BEIJING/ HONG KONG, April 20- Chinese authorities have barred senior staff at embattled Chinese conglomerate CEFC China Energy from travelling overseas amid a government investigation of the firm's chairman, three sources briefed on the matter have told Reuters. The Shanghai- based conglomerate, which grew from a niche oil trader to a $25 billion company, has...
SHANGHAI, April 20- China stocks fell on Friday to have their worst week in a month, amid lingering worries over the simmering trade tensions between China and the United States. **Caution prevailed as worries persisted over the trade stand-off between China and the United States. **The ZTE ban has ratcheted up tensions between China and the United States at a time...
SHANGHAI/ HONG KONG April 20- China Huarong Asset Management Co confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation's biggest bad debt manager on Friday. Reuters reported earlier this week, citing sources, that a senior banking regulator official would...
SHANGHAI, April 20- Ctrip.Com International Ltd, Asia's biggest online travel firm, would welcome the chance to list at home in mainland China should regulators introduce depositary receipts as planned, Chief Executive Jane Sun told Reuters on Friday. The firm first floated shares on the NASDAQ market in the United States 15 years ago as part of a wave of Chinese...
SHANGHAI, April 20- The yuan weakened on Friday as the dollar index rose, with traders awaiting clues on direction in a market that has fluctuated in a narrow band over the past weeks despite escalating trade tensions with the United States and concerns about the sustainability of China's growth. The People's Bank of China set the midpoint rate at 6.2897 per...
*Asia bought more pre-owned than new planes in 2017- report. SHANGHAI, April 20- Asia's super-wealthy are increasingly opting for second-hand private jets rather than buying new ones, as private buyers look for deep discounts and shorter waiting times, aircraft brokers said. "Customers have changed, their knowledge of the industry has changed and they now...
*HK-> Shanghai Connect daily quota used 2.7 pct, Shanghai-> HK daily quota used -6.2 pct. SHANGHAI, April 20- China stocks slid on Friday morning, dragged down by banking and transport firms, and as worries over China-U.S. trade spat lingered. **Worries also lingered over the trade stand-off between China and the United States.
SHANGHAI, April 20- Shares in China Huarong Asset Management Co Ltd fell more than 10 percent on Friday after the large state-owned bad debt manager confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down. Reuters reported earlier this week, citing sources, that a senior banking regulator official would take the...
LONDON, April 19- Nickel and aluminium retreated on Thursday in volatile trade after soaring to multi-year highs on fears over the impact of U.S. sanctions on Russian firms, with analysts warning the gains were overdone, especially in nickel. The U.S. sanctions include Russia's Rusal, the world's No. 2 aluminium producer, and traders fear the sanctions may be...
LONDON, April 19- Nickel and aluminum retreated on Thursday in volatile trade after soaring to multi-year highs on fears over the impact of U.S. sanctions on Russian firms, with analysts warning the gains were overdone, especially in nickel. The U.S. sanctions include Russia's Rusal, the world's No. 2 aluminum producer, and traders fear the sanctions may be...
LONDON, April 19- Nickel soared 9 percent to a three-year high on Thursday, extending the previous session's blistering rally on fears the metal could become ensnared in U.S. sanctions on Russian firms, although analysts say gains could be short-lived. The United States last week slapped sanctions on major Russian aluminium producer Rusal and traders fear the...
*China could export 120,000-180,000 tonnes of alumina in May- CRU. China is the world's the biggest producer and consumer of alumina, a compound extracted from bauxite ore that is then smelted into aluminium metal. A logistics source with operations in China confirmed trading houses were preparing alumina for export.
MANILA, April 19- Nickel surged more than 9 percent on Thursday to its strongest level since late 2014 on fears U.S. sanctions on major Russian aluminium producer Rusal may be broadened and could hit key Russian nickel supplier Nornickel. The metal, used to make stainless steel, was up 7.3 percent at $16,395 by 0702 GMT. And pretty clearly the U.S. has Russia in its...
*Gains in Shanghai stocks led by Aluminum Corp of China Ltd and losses by Shanghai U9 Game Co Ltd. **The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is within sight. **Metals producers...
MANILA, April 19- Aluminium prices surged as much as 5 percent to their highest level in almost seven years on Thursday amid enduring concerns over strained global supply following U.S. sanctions on major Russian producer Rusal, with similar worries also spurring nickel. Three-month aluminium on the London Metal Exchange climbed as far as $2,664.50 a tonne,...
SHANGHAI, April 19- China and Hong Kong stocks extended gains on Thursday, helped by robust gains in resources firms, as rising oil prices aided a rally across commodities. **Oil prices on Thursday remained close to late 2014- highs reached in the previous session as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for prices of $80 to $100 per...
MANILA, April 19- Nickel futures in Shanghai surged to the highest in almost three years on Thursday, tracking a rally in London prices the session before in what analysts said were misplaced concerns that the metal would also be hit by U.S. sanctions. LME nickel surged to a three-year high on Wednesday as the London Metal Exchange's previously announced move to...
*London and Shanghai aluminium prices: https://tmsnrt.rs/2JWSBO3. As supply fears grow, the market's attention is turning to China as a potential source of aluminium. That metal will flow out of China if the price is right.
*London and Shanghai aluminum prices: https://tmsnrt.rs/2JWSBO3. As supply fears grow, the market's attention is turning to China as a potential source of aluminum. That metal will flow out of China if the price is right.
