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  • Tesla's Musk says to 'localise' China output: Xinhua

    US electric carmaker Tesla Motors, pictured here at the Geneva Car Show this month, plans to localise the production of electric cars in China

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27 (Reuters) - What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals (Hamburg: FVJ.HM - news) Group founder and chairman …

  • Net Asset Value(s) Business Wire - 1 hour 42 minutes ago

    LONDON--(BUSINESSWIRE)-- FUND   ¦ db x-trackers MSCI AC Asia ex Japan Index UCITS ETF DEALING DATE ¦ 25-Mar-15 NAV PER SHARE ¦ USD36.8172 NUMBER OF SHARES IN ISSUE ¦ 28,671,970 CODE ¦ Contact db x-trackers ...

  • EU clears most exemptions from UK aggregates levy Reuters - UK Focus - 2 hours 31 minutes ago

    The European Commission on Friday said it had cleared all but one of the exemptions or tax relief from the aggregates levy introduced by Britain in 2002. The British aggregates levy is a tax on aggregates, a material often used in construction, and designed to encourage the use of recycled product and reduce environmental …

  • Iron ore futures in China and Singapore slid as much as 4 percent on worries global producers would continue to lift supply in a glut-hit market. The head of Rio Tinto (Xetra: 855018 - news) , the world's second-largest iron ore miner dismissed as "harebrained" a suggestion by smaller rival Fortescue Metals Group that …

  • Britain is unlikely to suffer from protracted deflation, Bank of England Deputy Governor Ben Broadbent said on Friday, adding his voice to colleagues who have played down the sharp fall in inflation seen in recent months. Broadbent said that outside Japan, there was next to no modern precedent for advanced economies with …

  • 0905: UK stocks are declining for a fourth straight day as the FTSE 100 continues to pull back from recent all-time highs. Inflation data from Japan overnight also failed to buoy sentiment as the core ...

  • Inflation skids to a halt in world's third largest economy, putting pressure on Bank of Japan to bring forward monetary easing plans

  • A slide in iron ore prices is turning the screw on China's fragmented mining sector, paving the way for closures and consolidation with three-quarters of the country's mining capacity operating at a loss, industry officials said on Friday. More mine closures in China, the biggest consumer of the steelmaking commodity, …

  • SINGAPORE/SYDNEY, March 27 (Reuters) - The dollar held steady versus the yen on Friday but was on track for a second weekly loss after the U.S. Federal Reserve's dovish comments last week prompted traders to scale back bullish bets on the greenback. The dollar last traded at 119.17 yen, little changed on the day.

  • Ship owners were showing a united front to keep rates buoyant even though the volume of cargoes fixed so far for April from the Middle East to Asia is down compared with March, Singapore-based VLCC brokers said on Friday. Rates dropped to W149 on Thursday, down from W157 last week which had been the highest since April …

  • The latest Asian Rich List shows the biggest risers - and the biggest fallers

  • When professional boxer and model Tomomi Takano heard that children in Japan's Fukushima prefecture were becoming unfit and overweight as the 2011 nuclear crisis there limited the time they could play outside, she decided to use her skills to help. "They really concentrated on the boxing and tried hard," she said at a …

  • A sudden turnaround in the dollar's fortunes overnight saw the currency trading broadly higher early in Asia on Friday, but still on track to end softer for a second straight week. Since the U.S. Federal Reserve's dovish steer last week, dollar bulls have been much more cautious.

  • Beijing has sent a list of corrupt Chinese officials to authorities in the US, requesting they are deported to China to be prosecuted if found in America.

  • The International Cable Protection Committee (ICPC) will be holding its 2015 Plenary over 28-30, April 2015 at Le Méridien Cyberport in Telegraph Bay, Hong Kong. With the central theme, Enhancing Submarine Cable Security and Co-operation in Balance with the Environment, the Plenary will provide a valuable meeting …

  • Air China sees 14% rise in 2014 net profit

    An Air China Boeing 747 prepares to land at Beijing Capital International airport on September 2, 2014

  • Standard Chart launches US$2bn 6.5% CoCo Reuters - UK Focus - 21 hours ago

    The attractive yield meant the UK-domiciled bank was swamped with US$21bn of orders, as investors in Asia, Europe and the US scrambled for allocations on the perpetual non-call five-year deal. "It looks very cheap versus the recent HSBC trade," said one debt banker, referring to the rival bank's US$2.25bn 6.375% perpetual …

  • Businesses in Myanmar have colluded with military and government officials to seize vast tracts of farmland from ethnic minority villagers in the northeast, using much of the land for rubber plantations, a UK-based rights group said. Over the past decade, 5.3 million acres (2.1 million hectares) has been leased to investors …

  • Anise Asia, a leading provider of public and private cloud services in Malaysia has selected Virtustream, the leading enterprise-class software and services provider, to power the next generation of its cloud platform, as it launches its SAP Business One Cloud offering to Malaysian SMEs. By moving those solutions …

  • China set to topple Germany as top UK pork importer Reuters - UK Focus - Thu, Mar 26, 2015 12:15 GMT

    China's love for all things pork could soon make the country the top importer of British pork, dethroning Germany, just four years after it opened its doors to pork imports from the UK. Chinese demand for pork offal - or internal organs - is also good news for UK pork producers as there's little demand for these products …

  • China banking giant ICBC says 2014 net profit rose 5 percent

    The Industrial and Commercial Bank of China (ICBC) posted net profits of 275.81 billion yuan ($45.21 billion) in 2014

  • European stocks slid on Thursday after declines in US and Asian markets overnight coupled with growing concerns about instability in the Middle East in the wake of Saudi Arabia's air strikes on neighbouring ...

  • GLOBAL MARKETS-Oil surges on Yemen air strikes, stocks tumble Reuters - UK Focus - Thu, Mar 26, 2015 09:27 GMT

    Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies. The military operations, including air strikes, targeted Iran-backed Houthi rebels besieging the southern Yemen …

  • The International Elections Advisory Council (IEAC) held its annual meeting in London on 18-19 March. The Council, established by Smartmatic and comprised of leaders in the field of election administration from Africa, Asia, Europe, and the Americas, gathered to discuss a wide array of election-related topics and focused …

  • London pre-open: Stocks to track US and Asian markets lower Sharecast - Thu, Mar 26, 2015 07:56 GMT

    UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight.

  • China's Hainan Airlines eyes 30-plane Boeing order AFP - Thu, Mar 26, 2015 07:53 GMT
    China's Hainan Airlines eyes 30-plane Boeing order

    China's Hainan Airlines currently has 500 domestic and international routes reaching almost 90 destinations, including Paris, Brussels, Berlin and Moscow

  • Rio Tinto dismisses 'harebrained' Fortescue iron ore plan Reuters - UK Focus - Thu, Mar 26, 2015 05:48 GMT

    The head of the world's second-largest iron ore miner dismissed as "harebrained" a suggestion by smaller rival Fortescue Metals Group that miners should cap output of the steelmaking raw material to boost prices. Rio Tinto Chief Executive Sam Walsh said on Thursday there would be no benefit to Australia from trying to …

  • Glencore to close Australian West Wallsend coal mine in 2016 Reuters - UK Focus - Thu, Mar 26, 2015 05:39 GMT

    Glencore Plc (Xetra: A1JAGV - news) has decided to close its West Wallsend underground coal mine in Australia in 2016, several months earlier than planned, saying poor coal prices meant it would not make sense to extend the life of the mine. Many thermal coal mines in Australia are operating in the red, with Newcastle …

  • One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewellery conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. The resort, to be located in the central province of Quang Nam, is headed …

  • StanChart marketing US dollar AT1 benchmark at high 6% yield Reuters - UK Focus - Thu, Mar 26, 2015 03:41 GMT

    By Daniel Stanton SINGAPORE, March 26 - Standard Chartered PLC has begun marketing its Additional Tier 1 US dollar benchmark bonds at a yield guidance in the high-6% area. The perpetual non-call five securities ...

  • Nickel was the obvious stand-out in China's February metals trade figures. All of which suggests that supply stresses in China's giant nickel pig iron (NPI) sector are accumulating. The sector's ability to survive without Indonesian ore after that country banned exports at the start of last year lies at the heart of the …

  • Asia: Stocks decline on Saudi Arabia's air strikes in Yemen Sharecast - Thu, Mar 26, 2015 00:37 GMT

    Asian indices took a hit on Thursday after growing concerns over the Middle East in the wake of Saudi Arabia's air strikes on Yemen.

  • US risks epic blunder by treating China as an economic enemy Telegraph - Wed, Mar 25, 2015 20:37 GMT

    Botched diplomacy by the Obama Administration is forcing Britain and other close allies to choose between the US and China

  • Rescue plan for India's Sahara in doubt as BBVA denies loan Reuters - UK Focus - Wed, Mar 25, 2015 19:01 GMT

    MADRID/MUMBAI, March 25 (Reuters) - A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. Sahara, once one of the country's most high-profile …

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