CHINA

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Fed's Fisher says inflation no risk

Dallas Federal Reserve President Richard Fisher said there was no sign of a problem with U.S. inflation at the moment, and revealed that Chinese officials had quizzed him on the Fed's purchases of U.S. government bonds.

German business sentiment up, Japan raises outlook

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A key measure of German business sentiment rose in May and Japan raised its economic outlook for the first time in three years in further signs the worst of the global recession may be over, with stability seen later in 2009.
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North Korea nuclear test dents stocks, impact limited

South Korean stocks and the won dipped after North Korea said it had conducted a nuclear test on Monday, but the reaction was limited as investors had expected such a move from the North and have become long accustomed its provocations.
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Pelosi heads to China for climate talks

A delegation of U.S. lawmakers led by House of Representatives Speaker Nancy Pelosi will visit China in coming days to discuss international efforts aimed at reducing greenhouse gas emissions.
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Chinese hospitals ordered to kick the habit

China will ban smoking in all hospitals and medical facilities from 2011, the Health Ministry said on Friday, as the world's most populous nation struggles to get its people to kick one of their favorite habits.
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Market rises on dollar bets, energy, Sears

Stocks rose on Friday as investors snapped up shares of multinational companies, including McDonald's Corp, on hopes that a weaker dollar would underpin profitability.
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EU ministers to press Myanmar on Suu Kyi trial

European foreign ministers will press Myanmar at an Asia-Europe meeting next week to end the trial of opposition leader Aung San Suu Kyi, but analysts expect only lukewarm backing from their Asian counterparts.
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Indian PM Singh sworn in amid reform hopes

Indian Prime Minister Manmohan Singh was sworn in on Friday for a second five-year term with expectations his strengthened left-of-center coalition could both reform a slowing economy and help millions of poor.
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Yingli posts loss as solar demand sags

Solar power company Yingli Green Energy reported an unexpected quarterly loss as sales volumes and prices fell, and it cut its forecast for full-year sales.
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Oil up above $61 as China's demand rebounds

Oil firmed above $61 on Friday as fundamental support came from consumer nations such as China, the United States and Africa's top producer Nigeria after weeks of equity-led rallies.
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U.S. manufacturers, retailers see more China risk

U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.
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H1N1 virus spreads in Asia

The spread of the new H1N1 virus in Asia showed no signs of slowing Thursday as the Philippines recorded its first case and new infections were confirmed in Japan, China and Taiwan.
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Beijing - Even Better Than The Real Thing

Beijing appeared to be a bloated metropolis all gussied up for the August Olympics, scrubbed clean with colorful potted plants lining the streets, with not a speck of litter marring the immaculate avenues.
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U.S. energy CO2 output drops record 2.8 pct

U.S. emissions of the main greenhouse gas -- carbon dioxide -- from energy sources, such as gasoline, diesel and coal, fell a record 2.8 percent last year as the recession hit consumer demand for fuel, the government said on Wednesday.
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ReneSola revises down 2009 view, shares slump

London-listed solar wafer manufacturer ReneSola lowered its full-year expectations and reported a 13 percent fall in first-quarter net revenues, sending its shares down over 16 percent.
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China ex-censor claims key Tiananmen memoirs role

A former senior Chinese censor has claimed a major role in recording purged leader Zhao Ziyang's memoirs that decry the quelling of pro-democracy protests in 1989, adding to calls for the government to repent the crackdown.
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China tells rich nations to cut emissions by 40 percent

Rich nations should cut their greenhouse gas emissions by at least 40 percent by 2020 from 1990 levels as part of a new global climate change pact, China said on Thursday, spelling out its stance ahead of negotiations.
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Suntech posts surprise profit

Chinese solar energy company Suntech Power Holdings Inc on Thursday reported a surprise quarterly profit and said it expects its revenues to grow in the second quarter.
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Asian stocks slip, dollar loss deepens

The dollar hit its lowest in almost five months and Asian stocks slipped on Thursday after news that the Federal Reserve lowered its forecasts for U.S. economic growth for the next three years.

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