20110728 1417 Local & Global Market Related News.

10:24 28Jul11 Reuters-CHINA DOES NOT PURSUE LARGE HOLDINGS OF FX RESERVES -SAFE

10:25 28Jul11 Reuters-CHINA'S FX RESERVES RISE IS NOT A DIRECT DRIVER OF COUNTRY'S INFLATION -SAFE

10:26 28Jul11 Reuters-CHINA WILL CONTINUE TO DIVERSIFY INVESTMENT OF ITS FX RESERVES -SAFE

10:26 28Jul11 Reuters-CHINA WILL WIDEN CHANNELS FOR CAPITAL OUTFLOWS -SAFE

10:27 28Jul11 Reuters-CHINA WILL GRADUALLY MAKE YUAN CONVERTIBLE ON CAPITAL ACCOUNT

10:36 28Jul11 Reuters-China to press ahead with FX reserves diversification

12:44 28Jul11 Reuters-CHINA'S PREMIER WEN SAYS VISIT TO TRAIN DISASTER SITE DELAYED DUE TO HIS MEDICAL PROBLEMS

12:46 28Jul11 Reuters-CHINA'S PREMIER WEN DID NOT SPECIFY NATURE OF ILLNESS THAT CAUSED HIM TO BE HOSPITALIZED FOR 11 DAYS

12:29 28Jul11 Reuters-CREDIT SUISSE SAYS Q2 NET PROFIT 768 MLN

12:29 28Jul11 Reuters-REUTERS POLL FOR CREDIT SUISSE Q2 NET PROFIT WAS 1.020 BLN

12:29 28Jul11 Reuters-CREDIT SUISSE SAYS END-Q2 TIER 1 RATIO 18.2 PCT VS 18.2 PCT REPORTED END-Q1

12:30 28Jul11 Reuters-CREDIT SUISSE SAYS Q2 GROUP NET NEW ASSETS IN PRIVATE BANKING

12:30 28Jul11 Reuters-CREDIT SUISSE SAYS Q2 GROUP NET NEW ASSETS  14.2 BLN IN REUTERS POLL

12:31 28Jul11 Reuters-CREDIT SUISSE SAYS Q2 INVESTMENT BANK PRETAX INCOME 231 MLN

12:34 28Jul11 Reuters-CREDIT SUISSE SAYS TO CUT 4 PCT OF JOBS

BEIJING, July 28 (Reuters) - China will press ahead with diversification of its $3.2 trillion foreign exchange reserves, and does not pursue large-scale currency holdings, the State Administration of Foreign Exchange said on Thursday. The foreign exchange regulator also pledged to widen the channel for capital outflows and take gradual steps to make the yuan convertible on the capital account.

KUALA LUMPUR, July 28 (Reuters) - Malaysia's Petronas on Thursday said it has made two significant gas discoveries in the shallow water areas offshore the west coast of Sabah state.