CHINA

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ICBC to buy Standard Bank stake

China's biggest lender ICBC is to buy 20 percent of South Africa's Standard Bank for 36.67 billion rand ($5.6 billion) in cash, in the biggest foreign investment yet in Africa.

Asian indexes were mixed Thursday,

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Asian indexes were mixed Thursday, with financials dropping in Japan after Mizuho Financial Group reported losses related to U.S. subprime markets, while South Korean shares jumped on Samsung Securities a day after the brokerage firm announced strong earnings.

Wal-Mart to concentrate overseas for growth

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Wal-mart, the world's largest retailer is considering concentrating more on its international stores as well as opening up more stores in other countries for its business growth.
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Oil eases ahead of U.S. inventory data

Oil retreated for the fourth consecutive session on Wednesday in anticipation of a rise in U.S. crude stocks and on the possibility of increased supplies from OPEC.
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U.S. stocks climb as Apple, RIM spur rally

Stocks rose on Tuesday, spurred by technology companies as Apple’s strong quarterly profit report and news of Blackberry-maker Research In Motion’s deal for distribution in China added to and better than expected results from American Express.
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Apple, RIM spark stock rally

The Nasdaq led the market's gains on Tuesday after strong profit at Apple Inc and a Chinese distribution deal for BlackBerry maker Research in Motion showed tech stocks may still have room to grow. The Nasdaq's gain topped 1 percent after RIM said it is teaming up with Alcatel-Lucent to distribute the BlackBerry in China
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India's proposed investor curbs could have bite

A plan by India to restrict an avenue that allows foreigners to invest anonymously in India's soaring stock market may prove effective at moderating the unwanted side-effects of an unprecedented inflow of capital.
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Bank of China eyes UK expansion

Bank of China, the world's No. 6 bank by market capitalisation, is seeking acquisition opportunities to expand its British retail business, a senior executive said.
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G7 wants faster yuan rise: France's Lagarde

French Economy Minister Christine Lagarde said on Tuesday that G7 countries had asked China to accelerate the appreciation of the yuan, and said markets were beginning to hear the U.S. message on the strong dollar.
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China's VC, PE investment highest in Year

Last month, China's venture capital (VC) market swelled to see this year's high of over US$360 million in a single month, while investment in private equity (PE) market totaled US$ 990 million, up 110.6 percent month-on-month, according to the report from Chinaventure, one of the most popular venture investment consulting institutes in China.
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PetroChina starts A-shares pre-IPO roadshow

PetroChina Company Limited today issued an A-shares prospectus Letter of Intent, and published a preliminary notice for inquiry. According to sources, the Chinese oil executives will lead a roadshow team in Shanghai, Shenzhen, Guangzhou and Beijing to start inquiry agencies promote and preliminary work.
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U.S. indexes mixed; Tech shares rise

Stocks were mixed in late trading on Monday with broader indexes posting small declines while the technology stocks rose higher ahead of Apple’s quarterly earnings announcement.
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Dell to sell computers in 1,400 Staples stores

Dell Inc (DELL.O) said it would sell personal computers, printers, monitors and ink supplies in 1,400 Staples Inc (SPLS.O) stores in the United States, its latest move into retail after breaking from 23 years of selling directly to consumers.
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Bear Stearns and CITIC set alliance

Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday. The deal would bolster access to business in booming China for Bear, which lags bigger Wall Street rivals in expanding its business beyond the United States.
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China unveils likely successors to top posts

China's ruling Communist Party unveiled a new leadership line-up on Monday, including two men positioned to eventually succeed President Hu Jintao and government head Premier Wen Jiabao.
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Bush expands sanctions against Myanmar rulers

President George W. Bush expanded U.S. sanctions against Myanmar's rulers on Friday, accusing them of "vicious persecution" of democracy protesters, and urged China and India to step up pressure on their neighbor.
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G7 finance chiefs aim to calm uneasy global markets

With global economic growth waning and a credit crunch threatening, finance chiefs from rich nations were gathering on Friday to mull how to control strains in financial markets and keep expansion going.
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Nokia earnings beat forecasts

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.

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