CHINA

Oil drops to $71 as Chinese stocks fall

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Oil fell more than 2 percent to around $71 a barrel on Monday as a drop in China's key stock index stoked worries about the pace of economic recovery and a revival in energy demand.
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China's BYD says Buffett wants to raise stake

U.S. billionaire Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co Ltd , BYD's chairman said on Monday, sending shares in his company up 8 percent.
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Oil droops towards $72 as Asian shares fall

Oil fell toward $72 a barrel on Monday, as a drop in China's key stock index stoked worries about the country's economy, but hopes that energy demand would soon rebound are on track to push prices up about 4 percent in August.
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India losescontact with Moon Orbiter

India's national space agency said that communications with its first unstaffed spacecraft to orbit the moon were lost on Saturday and that its scientists were no longer controlling the orbiter.
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Fleeing fighters say Myanmar crushed border enclave

Men who said they had been fighting Myanmar government troops in fierce battles over recent days streamed into China on Sunday, saying their long-autonomous enclave had fallen and its future was in doubt.
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GM to form China venture, invest $293 million

General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).
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Taiwan president has no plans to meet Dalai Lama

Taiwan President Ma Ying-jeou will not be meeting the Dalai Lama when the exiled Tibetan spiritual leader visits next week, the president's office said on Saturday, a move aimed at avoiding renewed tensions with China.
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Daily Wrap Up - August 28 Tech

Apple is geared to see huge profits next year with analysts predicting the company will sell somewhere between five and seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier
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U.S. welcomes China move to cut auto parts tariffs

The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.
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Tiffany results top view on cost cuts, demand

Tiffany & Co posted higher-than-expected quarterly earnings on cost cuts and slightly recovering demand for jewelry, and raised its full-year outlook, sending its shares up 8.7 percent.
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Why is North Korea reaching out to its foes?

The rival Koreas were expected to finish talks on Friday about resuming reunions of families torn apart by the 1950-53 Korean War, in a rare meeting as the isolated North reaches out to its foes.
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Tiffany results top view

Tiffany & Co posted higher-than-expected quarterly earnings on cost cuts and slightly recovering demand for jewelry, and raised its full-year outlook, sending its shares up more than 8 percent.

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