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.
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.
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.
* SSE -0.3 pct, CSI300 -0.4 pct, HSI +1.3 pct, HSCE +1.3 pct
(Corrects spelling of official's name to Wang Yungui, not Yonggui, in second paragraph)
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.
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.
* No quick rebound due to high inventories (Adds detail, context)
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.
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.