CHINA

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Corporate earnings boost recovery hopes

Better-than-expected company results, improving French business confidence and a pick-up in UK retail sales offered some evidence on Thursday that stimulus spending was helping to ease the global economic downturn.

China's CSCEC raises $7.34 bln in largest IPO in a year

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China State Construction Engineering Corp (CSCEC) on Thursday set a price for its Shanghai IPO at the top of an indicated range, raising 50.16 billion yuan ($7.34 billion) in the world's largest public offering in more than a year.

Hyundai posts record Q2 profit, gaining share

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Hyundai Motor Co is likely to struggle to replicate its record quarterly profit as the benefits from a weaker won and government stimulus fade but the popularity of its small, cheap vehicles will help it gain share in a weak global market.
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U.S. consumer will not drive global growth: Bernanke

The U.S. consumer will not drive a global economic recovery and the United States is still at risk from high unemployment and souring commercial real estate loans, said Federal Reserve Chairman Ben Bernanke on Wednesday.
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The Century Solar Eclipse now available online (video)

The live broadcast of the Century Solar Eclipse provided by Sina had attracted more than 30 million viewers in three hours, with the latest record breaking peak concurrent users of over 3.2 million, which is much more than the one million viewers of the 2008 Olympics, Broad net Beijing reported on Wednesday.
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Central banks cautious on credit, U.S. banks disappoint

Japan hinted on Wednesday it might do more to ease credit and Britain awaits more data before doing the same, while disappointing earnings from Morgan Stanley and Wells Fargo tempered optimism Wall Street can extend its recent rally.
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Beijing government backs BAIC's bid for overseas assets

The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
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Row brews between Germany, GM over Opel buyer

Canada's Magna is still Germany's preferred bidder for carmaker Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors representatives to discuss the takeover offers.
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Beijing govt backs BAIC's bid for overseas assets-sources

The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's (F.N) Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
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Germany backs Magna at start of Opel talks with GM

Canada's Magna (MGa.TO) is still Germany's preferred bidder for carmaker Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors representatives to discuss the takeover offers.
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History of Solar eclipses

The longest eclipse of this century was passing through the world's two most populous nations, India and China, on Wednesday.
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Central banks cautious on further credit boost

Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time.
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U.S. signs ASEAN treaty, boosts engagement

U.S. Secretary of State Hillary Clinton signed a friendship treaty with Southeast Asia on Wednesday, underlining Washington's renewed focus on a region that has increasingly come under China's influence.
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Market reopens in China's riot-hit Urumqi city

The main market at the center of China's riot-torn Urumqi city reopened Wednesday, state media reported, while an exile group said Uighur students had called for the release of those still detained after this month's riots.
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U.S. fears North Korea nuclear ties to Myanmar

The United States is concerned about the possible transfer of nuclear technology from North Korea to military-ruled Myanmar, U.S. Secretary of State Hillary Clinton said on Wednesday.
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GM meets German government to discuss Opel bids

General Motors officials meet German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder.
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People the weak link in cybersecurity: report

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.
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People the weak link in cybersecurity - report

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.

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