CHINA

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Facebook has begun tests on a new service that is designed for mobiles and at countries that have narrowband internet connections.
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China urges world to respect Myanmar's sovereignty

China said on Wednesday the world should respect Myanmar's judicial sovereignty after the junta sent Aung San Suu Kyi back into detention, triggering Western outrage but only a measured response from its neighbors.
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BHP cautions on outlook as metals bash H2 profit

BHP Billiton Ltd/Plc , the world's largest miner, gave a guarded outlook for global commodity demand, sending a worrying signal for weaker rivals, after a slump in metals prices triggered its first profit decline in seven years.
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China formally arrests Rio Tinto employees

Australia said on Wednesday that charges against four staff from Anglo-Australian miner Rio Tinto appeared to have been downgraded after China formally arrested the men but left aside accusations they stole state secrets.
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Fed uncertainty, China sell-off rattle stocks

Uncertainty about the Federal Reserve's view on the U.S. economy and another sharp fall in Chinese stocks pushed equities lower across the world on Wednesday and drove lower-yielding currencies higher.
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Applied Materials sees Q4 at least break-even

Applied Materials Inc , the world's largest producer of chip-making gear, said it would at least break even this quarter, thanks to new orders and deep cost cuts, sending its shares up almost 4 percent.
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Daily Wrap Up for August 11 - Energy

General Motors announced today that the Chevrolet Volt extended range electric car due out late 2010, would get an official EPA rating of more than 230 Miles Per Gallon in city driving. Duke Energy Corp, signed a memorandum of understanding with Chinese Huaneng Group to develop carbon capture and sequestration technologies.
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Lenovo gears up in Chinese notebook market

China notebook of light weight and mobility took a major attraction in the market due to demand in low pricing pressure, according to market research firm DRAMeXchange on Tuesday.
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Solar cell production seen growing 56 percent in 2009

Solar cell manufacturing capacity will grow 56 percent in 2009 despite weakened demand for renewable energy projects in the face of tight credit markets and a global economic recession, a report issued on Monday by research group DisplaySearch said.
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Visa and MasterCard look abroad for growth

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
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Experimental drug effective in killing roundworms

An experimental drug developed by scientists in China appears to be effective in killing roundworms, a parasite that lurks in the intestines and which affects nearly two billion people in tropical countries.
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China's CIC eyes $1 billion funding in Australian miner

Fortescue Metals Group Ltd and China Investment Corp (CIC), China's $200 billion sovereign wealth fund, are in advanced talks on a $1 billion-plus convertible bond investment to help the Australian iron ore miner fund its expansion, two sources said on Tuesday.
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Oil rises above $71, Chinese imports hit high

Oil prices pushed above $71 a barrel on Tuesday, spurred by record fuel imports to the world's second biggest energy user China, but the market was cautious ahead of the next set of supply and demand data.
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Rio says seen no evidence for China detentions

Anglo-Australian miner Rio Tinto said on Tuesday it had yet to be presented with any evidence to support the detention of four of its China-based staff on suspicions of stealing state secrets.
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Oil rises towards $71, Chinese imports hit high

Oil prices crept up toward $71 a barrel on Tuesday, spurred by record fuel imports to the world's second biggest energy user China, but the market was cautious ahead of the next sets of supply and demand data.
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Oil rises above $71 after record Chinese oil data

Oil rose above $71 on Tuesday, ending a three-day losing streak as record Chinese oil imports and refinery production helped offset mixed economic data, while traders anticipated key reports on the state of global demand.
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Australia's Smith rejects China Rio report

Australia brushed off on Tuesday a Chinese report accusing iron ore miner Rio Tinto Ltd of overcharging and spying on Chinese steel mills, saying it had not been officially sanctioned.

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