China money rates rise sharply as mini-crunch anniversary approaches

SHANGHAI, Dec 18 - China's money rates surged Thursday afternoon, with the weighted average for the benchmark seven-day repo contract quoted at up to 8.5 percent, the highest level since January.

China FX regulator says closely monitoring Russian rouble slide

BEIJING - China is closely monitoring the slide in the Russian rouble, the foreign exchange regulator said on Thursday, as the currency of one of its major energy importers struggles to avoid a free-fall.

12:50pm IST

China police chief who let off drunk son charged with graft

BEIJING - The former police chief of a major city in northern China has been charged with corruption, state media said on Thursday, after he was sacked for allowing his drunk son to be set free, despite having attacked a policeman.

11:51am IST

China stocks slip before new listings, Hong Kong rebounds on Fed views

* SSE -0.3 pct, CSI300 -0.4 pct, HSI +1.3 pct, HSCE +1.3 pct

10:30am IST

REFILE-UPDATE 1-China FX regulator says closely monitoring Russian rouble slide

(Corrects spelling of official's name to Wang Yungui, not Yonggui, in second paragraph)

10:08am IST

China home prices fall for third month, threaten economic growth

BEIJING - China's home prices fell in November for a third consecutive month versus year-ago levels, Reuters calculations from official data showed on Thursday, pointing to an intractable property downturn despite government efforts to energize the market.

9:37am IST

(UPDATE 1-China's benchmark money rate tops 4 percent for 1st time since July

SHANGHAI, Dec 18 - China's benchmark seven-day bond repurchase agreement rate on Thursday rose to more than 4 percent for the first time since July on a weighted average basis, showing increasing pressure on liquidity as the year winds down.

9:35am IST

UPDATE 2-China home prices fall for third month, threaten economic growth

* No quick rebound due to high inventories (Adds detail, context)

9:31am IST

China shows stabilisation in fourth quarter, but investment sliding: business survey

SHANGHAI - China's economy showed mild signs of stabilisation in the fourth quarter but corporates remained cautious on investment, a business survey found, highlighting stubborn resistance to efforts from Beijing to reinvigorate growth.

4:34am IST

UPDATE 1-Avon China unit pleads guilty to bribery in $135 million accord

NEW YORK/WASHINGTON, Dec 17 - The China unit of Avon Products Inc pleaded guilty on Wednesday in connection with a bribery scheme and Avon agreed to pay $135 million to resolve related civil and criminal charges.

2:06am IST

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