CHINA

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HSBC eyes Shanghai IPO, seen in H2 2010

HSBC Holdings could raise 50 billion yuan ($7.3 billion) in a Shanghai listing next year as it vies to be one of the first foreign firms to list in China, according to people familiar with the matter.

China may tighten banks' capital rules: sources

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China's banking regulator, concerned record lending could lead to a spike in bad loans, may tighten banks' capital rules by excluding subordinated bonds they sell to other banks from their capital base, sources said Monday.

China seen going for mining JVs after Rio debacle

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China, bruised by the collapse of a proposal to buy a Rio Tinto stake, could confine itself to project-level deals with miners to feed its hunger for metals and shun company acquisitions to avoid further loss of face.
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China says Uighur leader's children condemn mother

China ratcheted up pressure on exiled Uighur activist Rebiya Kadeer on Monday, saying two of her children and her brother had written letters condemning their mother for orchestrating last month's ethnic riots.
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Banks and China lift equities to 2009 high

World stocks climbed to a new 2009 high on Monday with banking news from Europe generally positive and signs of a pick up in Chinese economic activity lifting Asian shares.
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Upbeat China data lifts stocks, dollar battered

Asian stocks crawled up to an 11-month high on Monday as Chinese shares cheered more signs of economic activity picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.
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China reliance a risk for commodities: Roubini

China may have overstocked on commodities, risking a slowdown in buying and a correction in prices in the second half of this year, top economist Nouriel Roubini said on Monday, also reiterating that the global recession would continue until year-end.
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China says Xinjiang riot media openness a success

China's central and regional propaganda offices have concluded that their strategy of media openness following ethnic riots in the far western city of Urumqi was a success, the Xinhua news agency said on Friday.
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Stanchart may buy RBS India, China retail ops: report

Standard Chartered is set to buy Royal Bank of Scotland's retail and small and medium enterprises operations in India, China and Malaysia for about $250 million, the Economic Times said on Friday, citing two unnamed sources familiar with the deal.
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Asia stocks hit 11-month high on recovery hopes

Asian stocks pushed higher on Friday and were poised to score double-digit gains in July as investors keep pouring funds on bets the region's growth engine will lead the global economy out of recession.
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Asia stocks hit 11-mth high as earnings cheered

Asian stocks pushed higher on Friday and were poised to score double-digit gains in July as investors keep pouring funds on bets the region's growth engine will lead the global economy out of recession.
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World record in the women's 50 swimming smashed by China's Zhaojing

China's Zhao Jing smashed the world record in the women's 50 and won the second gold medal of swimming for China at the FINA World Championships, local Businesstimes reported on Friday morning. Zhao clocked a stunning time of 27.06, which crushed Anastasia Zueva's world record of 27.38.
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Cap-and-trade role on national security sparks debate in Senate

The cap-and-trade bill will do little to stop trade wars overseas and will instead start conflicts that will threaten American workers at home and abroad, Missouri senator Kit Bond said Thursday during remarks at the Senate Environment and Public Works hearing.
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Xstrata seen plunging, no new Anglo merger move

Mining group Xstrata Plc, due to post sharply lower first-half profits next week, is expected to hold back from using the occasion to launch a new initiative in its wooing of Anglo American.

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