CHINA

Carlyle raising $3 bln Asia buyout fund -sources

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The Carlyle Group is raising a new Asia buyout fund with target size up to $3 billion as the U.S. private equity giant aims to tap more deals in Asia, two fund industry sources said on Friday.

China data buoys Asia shares

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Asian shares edged up on Friday as strong Chinese economic data supported regional recovery hopes, but Japanese exporters were hurt by a stronger yen as the dollar fell to its lowest in a year against a basket of currencies.
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Geithner says less need for government in markets

U.S. Treasury Secretary Timothy Geithner said Thursday a strengthening economy means the government can end some of the extraordinary support it put in place for markets and prepare for a slow recovery.
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Toshiba mulls M&A to light way for LED bulbs

Japan's Toshiba Corp needs to consider acquisitions so as to develop sales routes and gain share overseas in the growing market for LED lights, the head of its lighting systems operations said on Thursday.
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September U.N. summit seen key to climate deal

A drive to agree a U.N. climate pact in Copenhagen in December risks failure unless world leaders revive bogged-down negotiations at a U.N. summit in New York on September 22, experts say.
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IEA sees higher global oil use as economy recovers

Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said.
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Central banks keep rates at record low

Britain, South Korea and New Zealand left interest rates at record lows on Thursday, with Canada expected to follow suit, but in Asia at least there were signs that thoughts are turning to tighter policy.
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Asian shares firm, oil up, dollar defensive

Asian stocks rose on Thursday as investors continued to switch into riskier assets amid growing confidence the global economy is recovering, keeping the dollar on the defensive.
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Asian stocks rise, oil supported after OPEC

Asian stocks rose on Thursday as hopes for global economic recovery prompted investors to shift into riskier assets, while oil found support above $71 a barrel following OPEC's decision to keep output steady.
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China' next round of ore talks in jeopardy

China's next iron ore pricing negotiation is now in jeopardy after Rio Tinto suspended this year's talks with Chinese steel mills without agreement just two months before the 2010 round was due to begin.
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FAW to contribute financing to Saab deal: report

Chinese automaker FAW is set to help finance luxury sportscar maker Koenigsegg's planned purchase of Saab Automobile GM.UL, a Swedish newspaper reported on Wednesday without disclosing its sources.
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China's SAIC may take a passive stake in Saab-source

China's largest automaker SAIC Motor group (600104.SS) may take a passive stake in Saab Automobile [GM.UL] by teaming with luxury sportscar maker Koenigsegg, a source with knowledge of the situation said on Tuesday.
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China to cut auto parts tariff from Sept. 1

China has eliminated additional charges on imported auto parts, starting Sept 1 this year, the top planning body said on Wednesday, ending a two-year dispute with the World Trade Organization.
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Hyundai to build 3rd China plant in early 2010-exec

Hyundai Motor Co (005380.KS), South Korea's top automaker, and its China partner will start building their third plant in China early next year as its sales in the fastest growing major auto market may soon outpace existing capacity, an company executive said on Wednesday.

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