CHINA

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China seizes smuggled metal bound for North Korea

Chinese border police have seized 70 kg (154 lb) of the strategic metal vanadium bound for North Korea, a local newspaper said on Tuesday, foiling an attempt to smuggle a material used to make missile parts.

China's Great Wall Motor considering A-share IPO

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Chinese automaker Great Wall Motor Co is considering resurrecting plans for a domestic A-share initial public offering as China's stock and auto markets have rebounded strongly, company executives said on Tuesday.
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Magna improves its Opel bid

Canadian auto parts maker Magnahas increased the amount of upfront capital it will inject in its offer for General Motors' European unit Opel, a German government source said on Tuesday.
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Asia stocks at 10-month high

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
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Asia stocks hit 10-month high for 7th day

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
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Unicom says no formal iPhone deal with Apple

China Unicom , one of China's top three mobile carriers, has reached a preliminary agreement with Apple for the exclusive sale of its iPhone handset in China for three years, the official Shanghai Securities News reported on Tuesday, however a China Unicom official said a formal deal had not been reached.
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Growing Chinese phone users dissatisfy with domestic operators

The number of phone users in China has surpassed billion during the first half of 2009, which, according to the Ministry of Industry and Information Technology (MIIT), is boosted by the launch of the third-generation (3G) network. However, most of the users are not satisfied with their current domestic operators.
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Daily Wrap Up - July 27 - Energy

President Barack Obama held the first day of talks with a Chinese delegation in Washington D.C. to address economic issues including energy related topics. During remarks on Monday, Obama said China and the United States have an interest in creating clean and secure energy sources, according to the Associated Press. He added that neither country profits from a dependence on foreign oil. He also said neither any will be able to fight climate change unless they work together.
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Hidden from sight, debt creeps up on China

On the surface, China presents a fiscal study in contrast with the United States, keeping a remarkably low ceiling on debt even as it spends its way out of the financial crisis.
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Japan carmakers Q1 seen weak but trend improving

Japan's top automakers will report weak first-quarter results hit by a stronger yen and production cutbacks, but most expect a steady improvement in coming quarters helped partly by government programmes to encourage car purchases and progress in cost-cutting.
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Obama calls for deeper U.S.-Chinese ties

President Barack Obama called for deeper U.S.-Chinese economic cooperation on Monday and outlined a broad agenda for a positive relationship between two countries that do not always see eye to eye.
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SolarWorld keeps outlook, lifts solar stocks

German solar bellwether SolarWorld on Monday kept its 2009 sales outlook, helping European solar stocks gain, as it said cost savings had helped it offset most effects of the sector's ongoing price slump.
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China eHi plans IPO in 3 years

China's eHi Car Rental Co Ltd, backed by venture capital firms including CDH Venture Investment and Jafco Asia, is planning an initial public offering in 2011 to fund expansion in the fast-growing but fragmented domestic car rental market, Chairman Ray Zhang said on Monday.
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China Merchants Property to place $732 mln shares

China Merchants Property Development Co (000024.SZ)(200024.SZ) said on Saturday that it would place up to 5 billion yuan ($732 million) in new shares with investors to purchase and develop property projects.
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Bulls in control as Asia stocks extend rally

Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term economic prospects.
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Clinton urges North Korea to return to talks

U.S. Secretary of State Hillary Clinton said on Sunday that major powers wanted North Korea to return to negotiations over its nuclear program but would not reward any provocative actions.

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