CHINA

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GM's August China vehicle sales more than double

General Motors Co GM.UL said on Wednesday its China vehicles sales in August jumped 112.7 percent from a year earlier, paving the way for a more than 40 percent rise in sales for the full year.

Oil rises above $68 on U.S. stock draw

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Oil rose above $68 a barrel on Wednesday, after a 3 percent drop in the previous session, as data showing a fall in U.S. crude stocks raised expectations of demand growth in the world's biggest energy consumer.

Stock futures flat ahead of data

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Stock index futures were flat on Wednesday ahead of private labor market data, even as BP Plc shares rose after it reported a giant oil discovery in the Gulf of Mexico.
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EU business sees partial reversal of China reforms

China is backsliding on reforms to open up its economy to foreign business, thereby hindering competition and imperiling its shift to a new model of sustainable growth, the European Union Chamber of Commerce in China said on Wednesday.
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BofA-Merrill upgrades Coach to buy

Banc of America Securities-Merrill Lynch upgraded Coach Inc to buy from neutral, citing a successful start to the handbags and accessories maker's strategy of lowering price points.
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Lenovo eyes Shanghai listing, profit by March

Lenovo, the world's No. 4 PC brand, says it plans to list on the Shanghai stock exchange when rules permit, opening an opportunity for the firm in one of the world's best performing stock markets.
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Forex.com parent seeks $125 mln in IPO

Gain Capital Holdings Inc, an online provider of retail foreign exchange trading services, is planning to raise up to $125 million in the public markets, according to a regulatory filing on Monday.
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US industrial shares up on strong manufacturing data

NEW YORK - Strong economic data on the manufacturing sector helped boost U.S. industrial shares in early trading on Tuesday, amid optimism the sector's earnings bottomed out in the second quarter and are set to improve.
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US copper climb at open as data points to recovery

NEW YORK - U.S. copper futures headed higher at the open on Tuesday, recovering a portion of the prior session's steep losses, as equity markets regained their footing and manufacturing and housing data suggested the economic recovery was on track.
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China widens lead industry checks after poisonings

China's Yunnan province is investigating possible lead poisoning in its capital city of Kunming, while smelter officials in its top lead producing city, Gejiu, are worried the provincial government may close local smelters with half a million tonnes of annual capacity.
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North Korea sends diplomatic delegation to China

North Korea, facing tougher U.N. sanctions for its nuclear test in May and a series of missile launches, said on Tuesday it had sent a Foreign Ministry delegation to China, its biggest benefactor and only major ally.
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US STOCKS-Futures point lower ahead of ISM, housing

U.S. stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
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Oil climbs above $70 ahead of U.S. data

Oil rose above $70 a barrel on Tuesday in choppy trade, as the market awaited U.S. data expected to indicate economic recovery and higher fuel consumption in the world's biggest energy market.
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Wall Street set to fall as manufacturing data eyed

Stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
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Stock futures lower ahead of manufacturing data

Stock index futures pointed to a lower open on Tuesday as ongoing concerns over the strength of an economic recovery looked set to eclipse a report expected to show U.S. manufacturing expanded in August.
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Oil dips below $70 ahead of U.S. data

Oil fell below $70 a barrel on Tuesday, mirroring weaker equity markets, and dragged by data showing Britain's manufacturing sector dipped unexpectedly in August.
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Stocks wobble, yen near 7-week high

Global stocks eased on Tuesday as buoyant shares and economic data in China failed to erase concern over the durability of the recent rally, while the yen held firm after a landslide election win for Japan's opposition.
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China shares pick up, Aussie dollar falls

Chinese shares bucked up on Tuesday after Monday's rout, helped by upbeat economic data, but the Aussie dollar fell after the central bank dashed expectations it would shift to a tighter policy bias.
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OzForex Daily Commentary - 1 Sept 2009

The Australian Dollar opens stronger on Tuesday at 0.8435 after shrugging off worse-than-expected local data yesterday where gross operating profits fell 7.8 per cent in the June quarter and business inventories shrank 3.4 per cent.
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China Mobile CEO: we're still in talk with Apple on iPhone

China Mobile CEO Wang Jianzhou said on Monday that the nation's biggest mobile provider is still in talk with Apple on iPhone, echoing Apple China's statement that its three-year agreement with China Unicom is not exclusive to the carrier.
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Tiomin says Chinese co to buy 70 pct of its Kenya unit

Canada's Tiomin Resources Inc said it signed an investment agreement with China's Jinchuan Group Ltd, following which the top Chinese nickel producer will acquire 70 percent equity interest in Tiomin Kenya Ltd (TKL).

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