CHINA

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Oil falls toward $72/bbl after three-day rally

Oil prices fell toward $72 a barrel on Friday, as investors locked in gains from a near eight-month high settlement a day ago, but stronger-than-expected China factory output and retail sales data lent support.
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China moves to combat climate change

China is formulating a plan for development of renewable energy, as pressure mounts from Washington for lowered green house emissions to fight the specter of a warming planet.
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China investment surge boosts recovery hopes

Chinese investment surged in May, fanning hopes the world's third-largest economy may lead a global recovery, although a record slump in Japan's first quarter GDP reinforced expectations any rebound would be slow.
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China's Beijing Auto interested in Volvo: report

Beijing Automotive Industry Holding Corp is interested in buying Ford Motor Co's Volvo car unit, the Wall Street Journal reported, adding a new name to a list of potential Chinese bidders for the Swedish luxury car brand.
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N. Korean refuges live like 'livestock'

North Korean refugees who fled to China recently faced forced marriage and deportation, according to reports regarding the imprisonment of two American journalists who worked on a subject of 'the plight of North Korean women who flee to China'.
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Japan sets 2020 climate target

Japan unveiled plans on Wednesday for greenhouse gas cuts over the coming decade only marginally deeper than its current U.N. commitments, a step green groups say threatens to deal a blow to global climate talks.
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Fake Venices Around the World

If you are paying attention to such trivial things, you’ll eventually hear of many cities that have a nickname claiming they are the “Venice of” something.
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China to overtake Italy for Lamborghini: CEO

China will overtake Italy as the second-biggest market behind the United States for iconic sportscar maker Lamborghini within three to five years, the group's chief executive said on Wednesday.
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Bruised, China will shun mega-deals for now: bankers

China's pursuit of mega-sized deals with global leaders in strategic industries will slow as Beijing recovers from Anglo-Australian miner Rio Tinto's stunning rejection of a $19.5 billion tie-up with state-owned Chinalco.
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Shares, oil surge on recovery hopes; dollar slips

World stocks rose for a second day in a row on Wednesday as improving economic data in Asia and a weak dollar pushed oil to a fresh 7-month high above $71 a barrel, fuelling gains in resource-related stocks.
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IT firms urge China to reconsider filter

A Washington-based group representing information technology companies called on China on Wednesday to reconsider its requirement that Internet filtering software be bundled with new computers.
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Asian shares, oil rally on hopes for China

Asian shares rallied on Wednesday as reports of stronger-than-expected industrial output in China raised optimism about the global economy, lifting metals and oil prices at or near multi-month highs.
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Job outlook stable in many large economies: Manpower

A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilize, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc.
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Global chip foundry sales to rise: iSuppli

Global revenue in the chip foundry market is expected to post a sequential rise in the second quarter after three quarters of declines, but 2009 will remain challenging for foundries, market search firm iSuppli said.
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Reporters' families seek mercy from North Korea

Relatives of two U.S. journalists sentenced to 12 years hard labor in North Korea called on the reclusive state to show compassion, while Pyongyang threatened to use nuclear weapons to defend itself.
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U.S. seeks tougher climate steps from China

China must press ahead with new ways to cut greenhouse gas emissions for the world to have hope of containing global warming, a U.S. energy official said, urging cooperation to end distrust between the two biggest emitters.
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World Bank's Zoellick cautious on global outlook

There is still a high degree of uncertainty regarding the outlook for the global economy, although Chinese growth could surprise on the upside, World Bank President Robert Zoellick said on Tuesday.

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