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Johnson Controls sees higher FY sales, earnings

Johnson Controls Inc said on Tuesday that it expected higher sales in each of its divisions next year as global auto production recovers, U.S. stimulus efforts pay off and emerging markets improve.

GM CEO says possible to sign Opel deal this week

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General Motors Co GM.UL may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.
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Kosmos's Ghana sale bid illegal: GNPC source

State-run Ghana National Petroleum Corp believes Kosmos Energy's deal to sell its stake in the huge Jubilee oil field to Exxon Mobil is illegal and is ready to buy the stake itself, a GNPC source said on Monday.
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China sentences six to death over Xinjiang riots

A Chinese court in the restive far western region of Xinjiang on Monday sentenced six people to death for murder and other crimes committed during ethnic rioting in July in which almost 200 people died.
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World Steel body sees full demand recovery in 2010

Global steel consumption will rebound by more than 9 percent next year, recovering after this year's 8.6 percent decline, which was less severe than earlier expected thanks to strong China growth, a global body said on Monday.
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Volkswagen Jan-Sept China-HK car sales up 37 pct

Volkswagen AG (VOWG.DE) said on Monday it expected its sales in mainland China and Hong Kong to grow more than 30 percent this year, after rising 37 percent in the first nine months thanks to government stimulus measures.
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Despite bumps, demand remains for Asia IPOs -panel

Demand for public stock offerings in Hong Kong and throughout the region remains strong, despite a few recent deals that struggled, according to a panel of three investment bankers and one hedge fund investor.
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Tengzhong seeks approval for Hummer buy

Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
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China sets new rules on inbound portfolio investors

China has formally relaxed rules on inbound portfolio investment, raising the maximum sum a single institution may invest to $1 billion from $800 million, the State Administration of Foreign Exchange (SAFE) said.
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Philippines speeds up relief in typhoon-hit north

The Philippines shifted its efforts on Sunday to sending relief in northern provinces devastated by floods and cut off by landslides as the death toll and damages from two typhoons this month rose to art least 530.
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China cuts aviation fuel prices

China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission.
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Book trade seeks a deal with Google

The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared.
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Landslides, floods kill 184 in Philippines

Philippine President Gloria Macapagal Arroyo mobilized troops on Saturday to clear roads of debris and mud in mountainous northern provinces isolated by landslides and floods that left 184 dead after a week of heavy rains.
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China urges neighbors, U.S. to talk to North Korea

North Korea wants to ease a standoff with the United States, Japan and South Korea, Chinese Premier Wen Jiabao told East Asian neighbors at a summit focused on Pyongyang's nuclear weapons and regional integration.
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China objects to U.S. steel pipes probe

China said it adamantly opposed a U.S. inquiry that could lead to new duties of 100 percent or more on seamless steel Chinese-made pipes, accusing Washington of blindly hitting its products with anti-dumping accusations.

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