CHINA

Lehman leads $10 mln fundraising for China's Qunar.com

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Lehman Brothers Private Equity Partners Ltd has led the fundraising of nearly $10 million for Chinese travel search engine Qunar.com, in its first deal in China's consumer Internet sector, a source familiar with the situation said on Tuesday.

China's Haitong Sec places new shrs above 35 yuan

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Haitong Securities, China's third-largest listed brokerage, has completed a multibillion-dollar private share placement, priced at more than 35 yuan per share, its president Li Mingshan said on Tuesday.
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ASEAN leaders sign charter amid Myanmar row

Ten Southeast Asian leaders signed a historic charter on Tuesday that aims to create an economic bloc encompassing a half-billion people, but controversy over Myanmar threatened to spoil the ASEAN party.
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Lust, Caution prompts virus, medical warnings

A Chinese anti-virus company has warned against free downloads of Ang Lee's steamy spy thriller, Lust, Caution, saying several hundred sites offering the service were embedded with viruses.
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StanChart shares jump on China stake interest report

Temasek, the Singapore state investment agency, has rebuffed an approach from China's three leading banks for its 17 percent stake in UK-based Standard Chartered, a report said on Monday, sending shares in Standard Chartered more than 5 percent higher.
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U.N. says new report must spur climate change action

Governments must do more to fight global warming, spurred by a new U.N. scientific report and damage to nature that is already as frightening as science fiction, U.N. Secretary-General Ban Ki-moon said on Saturday.
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China too modern for filmmaker's taste

When movie director Roger Spottiswoode ventured to China two years ago to scout locations for The Bitter Sea, a drama set in the 1930s, he was surprised at the lack of suitable buildings from the period.
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New WTO accord could encourage clean energy use

A new World Trade Organization (WTO) accord could improve access to clean-energy tools in poorer countries, but any deal making it easier to ship cargo internationally would also carry a heavy carbon footprint.
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Two Koreas agree on aid projects for North

North and South Korea on Friday agreed more massive projects to help rebuild the North's broken economy, including freight train services over their heavily armed border that had been severed since the 1950-53 Korea War.
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ASEAN targets free trade and human rights, talks green

Southeast Asian nations plan to sign a charter in Singapore next week aiming for lofty goals in areas such as free trade and human rights even as the 40-year-old group wrestles with how to handle the divisive issue of Myanmar. The West has urged the Association of Southeast Nations (ASEAN) to put more pressure on Myanmar's junta after its crackdown on pro-democracy protests, but the group's principle of non-interference in each other's internal affairs is likely to prevail.
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ABN AMRO hires Taiwan private bankers from HSBC

ABN AMRO said on Thursday its private banking arm had hired a team of six private bankers from rival HSBC Holdings Plc in Taiwan, the latest move to highlight the industry's fierce battle for talent in high-growth Asia.
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Chinese Telecom seek Apple iPhone

China Unicom, one of the largest communications companies in China, is willing to discuss introducing Apple’s popular iPhone to the Chinese market, a management person of China Unicom Ltd. said on Wednesday.
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Japan brewer farms in China as safe food demand rises

While Asahi Green does not expect to break even until 2011, it hopes the Japanese technology will help farmers improve efficiency, food safety and income as well as repair soil damaged by years of heavy chemicals use.
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China unlikely to see Apple's iPhone soon: execs

Apple Inc's(NASDAQ:AAPL) iPhone is unlikely to hit Chinese shelves soon because of technical and fee issues, industry executives said on Wednesday, a day after shares in the U.S. company shot up on hopes of a deal with China Mobile.
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Oil rebounds slightly, eyes U.S. inventory data

Oil moved higher on Wednesday, after falling sharply for the past two days, supported by expectations of a further fall in U.S. crude oil supplies and as OPEC brushed off U.S. calls to raise output.
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HSBC profit up as U.S. bad debt charge jumps

HSBC Holdings Plc, Europe's biggest bank, said its third-quarter profits were ahead of last year's and revenue growth across the group offset a jump in its charge for bad debts in the United States. The trading update on Wednesday reassured investors that HSBC was not further exposed to big debts in mortgage-related financial products and was benefiting from its broad spread, and its shares jumped over 4 percent.
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Oil slumps over 3.5 pct as demand outlook sours

Oil prices slumped more than 3.5 percent Tuesday after the International Energy Agency cut its forecast for world oil demand growth, saying that the recent surge in crude prices had already hurt consumption.

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