CHINA

en dips vs dollar as risk reduction pauses

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The yen held broadly steady on Tuesday, hovering below a nine-month peak struck against the euro last week and taking a breather from a rally triggered by the onset of risk reduction. The yen surged last week as investors dumped higher-yielding currencies and risky assets on concerns that China's efforts to curb its surging economy could impair global growth and worries over a White House plan to curb risk-taking among banks.

China steps up defense of Internet controls

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China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.
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Oil falls towards one-month low near $74

Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
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Stock futures signal rebound after selloff

Stock index futures pointed to a rebound on Wall Street on Monday following last week's sharp sell-off, with futures for the S&P 500 up 0.82 percent, Dow Jones futures up 0.74 percent and Nasdaq 100 futures up 0.51 percent at 4:15 a.m. EST.
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Oil slips, approaching one-month lows below $74

Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter monetary policy in China and a U.S. proposal to tighten bank trading rules.
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FOREX-Yen, dlr dip as Bernanke moves closer to 2nd term

The yen and the U.S. dollar dipped on Monday while the euro and high-yielding currencies advanced, lifted by reports that Ben Bernanke was moving closer towards being confirmed for a second term as chairman of the Federal Reserve. Markets have been fretting since late last week over whether Bernanke would be approved for the job. [nN24141266]
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China economist sees 2010 GDP up 9.5 percent

China's gross domestic product growth is likely to grow about 9.5 percent in 2010, largely driven by strong domestic consumption and corporate investment, a government researcher said in remarks published on Monday.
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China says Internet controls here to stay

China has every right to punish citizens using the Internet to challenge Communist Party power and ethnic policies, a senior official said Monday, pressing Beijing's counter-offensive against Google Inc.
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Japan manufacturers mood up, outlook uncertain

Japanese manufacturers' confidence has recovered to its highest level since the global financial crisis hit, but remains weak overall due to concerns about deflation and sluggish domestic demand, a Reuters poll showed.
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Futurology: Why US hegemony will decline?

One can't think of futurology without mentioning George Orwell (1984 fame) or Alvin Toffler (Third Wave). Whenever, one comes across Futuristic predictions we get reminded of Toffler or Orwell.I was reminded of them when I read the latest provocative forecasts of the Futurist Magazine.
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GM expects to need new China plant as sales rise

General Motors expects it will need to build a new greenfield manufacturing facility in the near future in China to accommodate strong growth in the world's largest auto market, but it will not be building a plant this year, its China president said on Saturday.
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Over 2,000 Karens flee Myanmar army raids

More than 2,000 ethnic Karen people have fled their villages in eastern Myanmar after deadly attacks by government troops in the past week, a humanitarian group said Saturday.
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China says it needs no Internet lessons from U.S.

China needs no lessons about its Internet from the United States, the head of an online media association said through official media on Saturday after the United States rapped Beijing over information freedom.
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Gold prices to behave like a roller-coaster ride

¨Gold prices will continue to witness an uptrend in 2010 but investors should expect continued high volatility-resembling an amusement park roller coaster ride, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital. In his latest commentary on market trends, Jeffrey Nichols said that gold prices won't move up higher without interruption.The two main sources of gold price volatility will continue to be the investment demand for the yellow metal and volatility in dollar's exchan...
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China, U.S. spar over Internet censorship

China hit back at U.S. criticism of Internet censorship and hacking on Friday, warning that relations between the two global heavyweights were being hurt by a feud centered on web giant Google.
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Expert finds vulnerabilities in Microsoft browser

A security research firm said it discovered another set of vulnerabilities in Internet Explorer, a day after Microsoft Corp patched the Web browser following a high-profile cyber attack on Google in China.
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Bank curbs, political fallout slam Wall Street

Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.
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Wall Street sinks on bank, political jitters

Stocks tumbled in their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits and a drop in tech shares after Google Inc's disappointing results.

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