Junta-ruled Thailand says it will buy three Chinese submarines

BANGKOK Military-ruled Thailand will buy three submarines worth around $1 billion from China, the defence minister said on Friday, a move that signals warming ties with the regional superpower as relations with the United States cool.

PBOC injects liquidity via short-term tools in June, but less than May

BEIJING China's central bank said on Friday it injected a total of 210.72 billion yuan ($31.7 billion) via short- and medium-term liquidity facilities in June to help support credit growth and the economy.

4:33pm IST

UPDATE 1-PBOC injects liquidity via short-term tools in June, but less than May

* C.bank lends 171.9 bln yuan via PSL in June (Adds details)

4:29pm IST

Brexit vote triggers 'redemptions day' for equity funds: BAML

LONDON Investors pulled $21 billion from global equities in the past week, the highest weekly outflow since last August's China-related ructions, with almost half that amount withdrawn on the Monday after Britain's shock Brexit vote, Bank of America Merrill Lynch said on Friday.

3:52pm IST

Taiwan Navy fires missile in error as China's Communists mark birthday

TAIPEI The Taiwan Navy fired a supersonic missile in error and hit a Taiwan fishing boat in waters separating the island from diplomatic rival China on Friday, as Communist Party rulers in Beijing celebrated the party's 95th birthday.

3:05pm IST

Yuan touches fresh 5-1/2 year low, c.bank stays on sidelines

SHANGHAI, July 1 The yuan closed weaker against the dollar on Friday, touching a fresh 5-1/2-year low on concerns that the central bank would tolerate a further weakening of the currency to support the slowing economy.

2:52pm IST

German manufacturing growth hits 28-month high in June

BERLIN Rising domestic and foreign demand, mainly from the U.S. and China, lifted German factory activity to a 28-month high in June, a survey showed on Friday, signaling that manufacturers are set to increase production in coming months.

2:51pm IST

Malaysia, China, Australia to discuss next step in search for Flight MH370

KUALA LUMPUR Government ministers from Malaysia, Australia and China will meet in Kuala Lumpur on July 19 to discuss the future of the search for missing Malaysia Airlines flight MH370, Malaysian state news agency Bernama reported on Friday.

China factory activity stalls in June, more stimulus expected

BEIJING Growth in China's manufacturing sector stalled in June, an official survey showed on Friday, adding to expectations that Beijing will have to roll out more stimulus soon to boost the sluggish economy.

1:28pm IST

Chinese investors close to AC Milan stake buy - China Daily

SHANGHAI Chinese investors are close to agreeing an 80 percent stake buy in soccer club AC Milan and will acquire the remaining 20 percent in the next two to three years, the China Daily newspaper reported on Friday.

10:36am IST