CHINA

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Bank of America bolsters Canadian mergers team

Bank of America Merrill Lynch said on Tuesday it hired banking veteran Brad Cameron to head its Canadian mergers and acquisitions team, the latest sign a capital markets pick-up may be in the making in Canada.

China may seek more U.S. debts soon

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China could still increase its holdings of US Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, according to a former central bank governor.
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South Korea rocket launch bound to rile the North

South Korea is counting down to its first space launch on Wednesday that will likely open the door to its nascent rocket program and rile neighbor North Korea, hit by U.N. sanctions after its own rocket launch in April.
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Japan heads towards change in August 30 election

Japan looked headed for historic change as the official campaign kicked off on Tuesday for an August 30 election expected to end more than half a century rule by the conservative Liberal Democratic Party (LDP).
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Japan election campaign opens; voters eye change

Voters in Japan flocked to rallies on Tuesday as official campaigning began in an election that is expected to see Prime Minister Taro Aso's party ousted for only the second time in its 54-year history.
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Exxon, China ink $41 billion Australian gas deal

Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina , agreed a $41 billion liquefied natural gas deal.
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Global stocks, commods rebound as volatility eases

World stocks and commodity prices recovered on Tuesday from the previous session's sell-off, which was prompted by concerns over the pace of global recovery, while the Japanese yen and safe-haven U.S. government bonds eased.
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Asia stocks slip; uncertainty rife on China

Asian shares clawed their way back from early lows on Tuesday following wild swings in Shanghai, as investors worried whether more bouts of profit taking will spell the end of the bull market that emerged from the financial crisis.
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Asian stocks bounce, focus on China market

Asian stocks and the Australian dollar edged higher on Tuesday but shares in Shanghai were highly volatile, keeping nerves frayed about whether another bout of profit taking would hit global markets.
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Asia stocks sag as China market under pressure

Asian stocks retreated on Tuesday, following Shanghai shares into the red and keeping nerves frayed about whether further profit taking will end the bull market that emerged from the financial crisis.
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CITIC securities net profit drops 20% in H1

CITIC Securities Co, China's largest listed brokerage, posted a 19.77% drop in net profit in the first half of this year on a suspension of initial public offerings (IPOs) and a decrease in fund sales.
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Dell to enter Chinese smartphone (PHOTO)

Dell has confirmed it's developing mobile devices for China Mobile, the world's biggest wireless operator by subscribers, igniting speculation that the computer maker is getting ready to make its debut into the already highly competitive smartphone market.
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Nokia, China Mobile in Ovi Store co-op

Nokia's global vice president James Lin has confirmed that the company has entered into serious negotiations with China Mobile to introduce its Ovi Store handset services to China, although the parties have not yet reached any public agreement, Sina Tech reported on Monday.
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Wall St sinks as recovery hopes hurt

Stocks suffered their worst loss in seven weeks on Monday as weak data from Japan and a disappointing outlook from retailer Lowe's Cos dampened hopes about the economy's growth.
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Euro dips vs Dollar; yen up broadly on risk aversion

The euro hit a two-week low against the dollar and neared a one-month trough against the yen on Monday as world stock markets fell and doubts about a U.S. recovery prompted investors to cut exposure to risk.
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China cut U.S. Treasury holdings in June

China reduced its holdings of U.S. Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday.
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North Korea reopens to South as economy weakens

North Korea said on Monday it would reopen its border with the South, ending a self-imposed 9-month blockade on a vital source of cash for its leaders as their ravaged economy is squeezed by tightening U.N. sanctions.

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