CHINA

ArcelorMittal sees steep Q2 recovery after Q1 dip

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ArcelorMittal , the world's largest steelmaker, forecast a sharp recovery in demand and prices in all main markets in the second quarter after its core earnings in the first three months missed expectations.

Siemens lifts FY09/10 outlook after solid Q2

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German industrial conglomerate Siemens raised its profit outlook on the back of cost cuts and higher demand from factories that are cranking up production amidst an economic rebound.
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ArcelorMittal sees sharp recovery after Q1 dip

ArcelorMittal , the world's largest steelmaker, forecast a sharp recovery in demand and prices in the second quarter after its core earnings in the first three months of the year missed expectations.
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Honda cautious as rivalry heats up

Honda Motor Co forecast a smaller-than-expected 10 percent rise in full-year operating profit on Wednesday, warning tough competition would dent gains from improving sales in the United States and China.
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India turns central banks into gold buyers

Remember the impact of Reserve Bank of India's decision to buy 200 tonnes of gold from International Monetary Fund (IMF) in November 2009 had on the price of yellow metal? That time gold prices soared to new heights because the world feared that India is shifting its foreign reserves to gold expecting the dollar to crash.
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Ford posts quarterly profit, raises 2010 outlook

Ford Motor Co posted a stronger-than-expected $2.1 billion quarterly profit and said it would be solidly profitable in 2010, a year ahead of schedule, driven by strong U.S. sales and market share gains.
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Industrial profits up on overseas sales

Strong demand for industrial goods from customers in emerging economies helped a half dozen U.S. manufacturers produce pleasant earnings surprises on Tuesday.
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Mazda, MMC forecast profit jump as sales recover

Mazda Motor Corp and Mitsubishi Motors Corp , Japan's No.5 and No.6 automakers, forecast a more than trebling in annual operating profit on Tuesday, counting on new models to ride a sales recovery in the United States and other markets.
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Euro slips on Greece aid uncertainty

The euro slipped on Tuesday after Germany demanded painful new austerity measures from Greece in return for badly needed financial aid, with investors likely set to push high risk European sovereign bond yields up further.
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Charles River to buy WuXi Pharma for $1.6 billion

U.S. clinical research company Charles River Laboratories International agreed to buy Chinese rival WuXi PharmaTech for $1.6 billion to expand its presence in China and deepen its expertise in drug-discovery services.
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Oil dips below $85; Greece worries, supplies weigh

U.S. oil fell below $85 a barrel on Monday as Greece's festering debt crisis pushed the U.S. dollar up and as the oil market girded for further growth to inventories in the United States, the world's top energy consumer.
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Stock futures signal gains; Caterpillar eyed

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.16 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.1 percent at 5:06 a.m. ET.
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Canon raises 2010 outlook, Q1 profit up fourfold

Japan's Canon Inc raised its annual outlook closer to market expectations on Monday after posting a more than fourfold jump in quarterly profit on brisk demand for digital cameras and printers.
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PBOC can't hit both inflation and yuan goals: adviser

The People's Bank of China must choose between preserving domestic price stability and defending the yuan's fixed exchange rate as it is not possible to hit both targets at once, an adviser to the central bank said on Sunday.
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China gains clout in World Bank vote shift

China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.

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