CHINA

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Down under, UBS stealing deals thunder

The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.

China's CIC to buy U.S. mortgages: sources

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China's $200 billion sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 billion in U.S. mortgages as it eyes a property market recovery, two people with direct knowledge of the matter said on Monday.
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Daily Outlook - August 17 - Energy

Crude oil futures declined to their lowest level in the entire month to below $66 per barrel on Monday on concerns over the economic recovery. Crude was trading down $1.42 at $66.09 per barrel in the New York Mercantile Exchange ahead of the opening of the market by 8:39 a.m. today.
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China joint-stock banks' H1 net down 19 pct-Xinhua

China's 12 joint-stock commercial banks posted net profit of 45.2 billion yuan ($6.6 billion) in the first half of this year, down 19.3 percent from a year earlier, the official Xinhua news agency reported on Saturday, quoting a banking regulatory official.
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Daily Wrap Up - August 14 Tech

Search market leader Google Inc holds greater loyalty among its users, who conduct more searches a month than those on Yahoo! and Microsoft, new data issued on Friday showed, posing a challenge for the new team of rivals to Google.
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Blackstone to launch 5 bln yuan Shanghai fund

Private equity firm Blackstone Group LP plans to launch a 5-billion-yuan ($732 million) fund that will primarily invest in the city of Shanghai, the city said in a statement on Friday.
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Q+A: China backs down from Internet filter plans

China has confirmed its back down from a plan to preinstall controversial Green Dam filtering software on all personal computers sold in the country, though it will still be rolled out in schools and Internet bars.
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Mid-day Minute - August 14 Tech

The U.S. government is covertly testing technology in China and Iran that lets residents break through screens set up by their governments to limit access to news on the Internet.
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After Suu Kyi verdict, should the West engage Myanmar?

Myanmar's reduced sentence for opposition leader Aung San Suu Kyi may be an indication the junta is becoming more sensitive to international pressure as it prepares a transition to civilian rule next year, analysts say.
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China South City aims for end-Sept HK IPO - source

China South City, a Shenzhen-based integrated logistics and trade centre operator, plans to raise at least HK$4 billion ($513 million) in a revived plan for its Hong Kong IPO by the end of September, according to a source familiar with the deal.
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Ping An's Q2 profit rises 34 pct as stocks rally

Ping An Insurance (Group) Co of China Ltd, the world's No. 2 life insurer by market value, posted a 34 percent jump in second-quarter earnings as China's stock market boom boosted investment returns.
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World stocks rally, China caps gains

World stocks hit 10-month highs for a second day running on Friday following upbeat growth data from the euro zone, but a fall in Chinese stocks and caution over the ongoing U.S. earnings season tempered gains.
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China names top energy official as nuclear corp head

China appointed a new chief for its top nuclear firm, China National Nuclear Corp (CNNC), after its former general manager was dismissed for seriously violating discipline, the official Xinhua news agency said on Friday.
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Japan shares hit 10-month peak on eurozone data

Japanese stocks ended at a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which pulled down the dollar.

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