China

Exclusive: China ready to cut rates again on fears of deflation - sources

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BEIJING - China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.

Prospects rise for a 2015 U.N. climate deal, but likely to be weak 11:43am GMT

OSLO, Nov 23 - A global deal to combat climate change in 2015 looks more likely after promises for action by China, the United States and the European Union, but any agreement will probably be too weak to halt rising temperatures.

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China's rate-cut likely to hurt banks, curb new loans to small borrowers 22 Nov 2014

SHANGHAI - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

China building South China Sea island big enough for airstrip - report 21 Nov 2014

WASHINGTON - Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defence publication said on Friday.

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Obama will visit India again as ties expand 21 Nov 2014

WASHINGTON - U.S. President Barack Obama will attend India's Republic Day celebrations in January as chief guest, a sign of steadily expanding ties between two countries that share concerns about China's growing power in Asia.

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China cuts interest rates to spur growth, ease debt pressure 21 Nov 2014

BEIJING - China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century, saddled under a mountain of debt.

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FTSE marks fifth week of gains on China rate cut 21 Nov 2014

LONDON - FTSE rose on Friday, marking a fifth straight week of gains, after a surprise interest rate cut in China boosted mining and commodities stocks.

China explains its first rate cut in over two years 21 Nov 2014

BEIJING - China cut interest rates for the first time in over two years on Friday to spur an economy that is sliding to its slowest growth in 24 years, but signalled that financial reforms were still on the cards by further freeing up the rates market.

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China commits 29 billion pounds for economic corridor with Pakistan 21 Nov 2014

ISLAMABAD - The Chinese government and banks will finance Chinese companies to build $45.6 billion(29.1 billion pounds)worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif during a visit to China earlier this month.

NSA chief warns Chinese cyber attacks could shut U.S. infrastructure 21 Nov 2014

WASHINGTON - China and "probably one or two" other countries have the ability to invade and possibly shut down computer systems of U.S. power utilities, aviation networks and financial companies, Admiral Mike Rogers, the director of the U.S. National Security Agency, said on Thursday.

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