CHINA

SouFun eyes IPO in HK or U.S. next year

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SouFun, China's top real estate website, is eyeing an initial public offering next year in Hong Kong or the United States if the global economy recovers, Chairman Vincent Mo said on Wednesday.

Sinopec to buy Addax for C$8.27 billion

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China's Sinopec Group agreed to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) in a bid to gain access to the Swiss oil and gas explorer's high potential oil blocks in West Africa and the Taq Taq field in Iraq.
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U.S., EU act against China on raw material exports

The United States and European Union took action against China on Tuesday for restricting exports of industrial raw materials, intensifying a trade struggle at a delicate time for the global economy.
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Obama receives gift from Lord of the Flycatchers

A Chinese inventor has sent his patented ultrasonic flycatcher to an international organization, which he hopes will pass it on to US President Barack Obama as a gift, Xinhua reported on Tuesday.
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U.S., EU start WTO case against China on raw materials

The United States and European Union on Tuesday began a case against China at the World Trade Organization over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favor of its own industries.
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Brazil booms again on real estate stage

The Brazilian real estate market is booming again after fizzling at the end of last year as sales have rebounded in one of the best emerging markets, a New York-based real estate private equity investor said in an interview on Tuesday.
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Asia’s biggest iron ore mine found in Benxi China

A huge iron ore resource with more than three billion tons’ of proven reserves has been found in China's Benxi, Benxi Municipal Government said on Tuesday, making it one of the biggest iron ore mines in Asia.
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Anglo American up on Chinalco bid talk

Shares in Anglo American Plc, which rejected a $68 billion merger approach from rival Xstrata Plc, edged higher on Tuesday on market talk of a possible bid from Aluminum Corp of China (Chinalco), dealers said.
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EU recovery hopes punctured

A stumble in sentiment punctured hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming trade dispute over raw materials.
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Data dent EU recovery hopes; China trade row looms

A stumble in sentiment dented hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming dispute over raw materials.
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Policymakers caution on global economy

China's economy is headed in the right direction but the foundations of the recovery are not yet solid, a Chinese central bank official said on Tuesday, adding to a chorus of voices cautioning against expectations of a rapid rebound from the global crisis.
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PetroChina offers $1.02 B all-cash buyout for SPC

PetroChina Company Limited announced on Sunday that it had completed purchase of 45.51% shares of refiner Singapore Petroleum Co (SPC) and would make a buyout offer for the rest of its shares in cash.
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China to abolish tariffs, spur trades

China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement on Monday.
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China filter debut date unchanged despite criticism

China will not back away from its July 1 launch date for the controversial anti-pornography computer filter Green Dam Youth Escort, a Ministry of Industry and Information Technology (MIIT) source said on Monday.
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China revises state secrets law, press on web leak

China's top legislature reviewed for the first time a draft revision to the Law on Guarding State Secrets, underlining the cutoff of Internet or other public network access to the country's confidential information, the country's official news agency Xinhua reported on Monday.

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