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Bain Capital to take 3Com Private

Network equipment maker 3Com Corp said on Friday it will be bought by private equity firm Bain Capital Partners for $2.2 billion in a deal that will also give China's Huawei a minority stake.

World powers seek to narrow differences on Iran

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The world's major powers will try to narrow their differences on tougher sanctions against Iran when they meet on Friday in New York, seeking to keep up pressure on Tehran to curb its nuclear program.
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World misunderstands China's Web controls: expert

The Internet in China is not as restricted as sometimes believed in the West, with most controls actually coming from sites practicing self-censorship, an academic who studies the Chinese Web said on Thursday.
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Shenhua in record $8.9 billion Shanghai IPO

China Shenhua Energy, the country's biggest coal producer, raised 66.58 billion yuan ($8.9 billion) in China's largest domestic IPO after pricing the share offer at the top of an indicative range.
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U.S to continue pushing for sanctions on Iran

The United States rejected on Wednesday Iran's claim that its nuclear program is a "closed" matter and said it would keep pushing for fresh U.N. Security Council sanctions that are resisted by China and Russia.
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Cisco, Haier Take Aim at Chinese Home Networking

Cisco Systems Inc said on Tuesday that it will cooperate with the Haier Group, China's largest manufacturer of household appliances, to build networking systems for home and individual users, as well as expanding the Chinese and international markets.
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Shenhua Shatters Shanghai IPO Record

China Shenhua Energy, the courntry's largest coal producer, has attracted a record 2.67 trillion yuan (US 355.6 billion) in subscriptions for its A-share innitial public offering (IPO),according to the China Securities Journal.
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Russia unveils new passenger jet

Russia unveiled its first all-new airliner since the fall of the Soviet Union on Wednesday, hoping to curb dependence on oil and gas exports and restore pride in its teetering aviation industry.
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China toy scare sparks safety testing frenzy

Armed with pruning clippers, a worker in a white lab coat snips a plastic Hello Kitty play set into lentil-sized bits that will be bathed in chemicals simulating gastric acid.
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China warns of "catastrophe" from Three Gorges Dam

China's huge Three Gorges Dam hydro-power project could spark "catastrophe" unless accumulating environmental threats are quickly defused, senior officials and experts have warned, according to state media.
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Bush to speak about freedom concerns in Myanmar in his speech to the U.N., urge sanctions

The cries of tens of thousands of people led by Buddhist monks, who are staging anti-junta protest rallies in Myanmar at the risk of a government crackdown, has reached the ears of the US President George W. Bush, who is expected to take up the issue in his speech Tuesday to the General Assembly and urge the U.N. to uphold its pledge to fight for freedom and impose new sanctions against the repressive military regime in Myanmar.
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Japanese parliament paves way for Fukuda to become new PM

Japan's parliament on Tuesday installed Yasuo Fukuda as the new prime minister of the world's second largest economy, setting the stage for the seasoned moderate to form a cabinet that must confront a feisty opposition keen to force an election.
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China Construction Bank jumps on Shanghai debut

Shares in China Construction Bank (CCB) closed 32 percent higher on their Shanghai debut on Tuesday, beating other big Chinese lenders' first-day gains and boosting hopes for future large Shanghai share offers.
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DBS chief quits as shares fall, Asia drive slows

Singapore lender DBS Group's chief executive resigned on Monday, after a run of bad news battered the company's share price, leaving an unfulfilled quest to make the bank a big Asian player.
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China Eastern shares jolted amid talk of bid war

Investors cashed out of China Eastern Airlines on Monday, sparking a 10.5 percent drop in its shares as hopes waned that Cathay Pacific Airways would unveil an alliance with Air China to buy part of the Shanghai-based carrier.
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Africa to Benefit from Free Trade, Financial Aid Still Important

Developing and industrialized countries are continously working hard through negotiations, in Doha, to reach a new International Trade Agreement (ITA). However, there is increasing recognition that even if there was free trade between nations, many countries
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Ford CEO says can still hit '09 profitability goal

Ford Motor Co. Chief Executive Alan Mulally said on Monday that the No. 2 U.S. automaker was keeping its target to return to the black by 2009, although the world economy might be hurt by the U.S. mortgage crisis.
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Dell ties up with GOME to sell PCs in China

Dell Inc, the world's No.2 personal computer maker, said it would sell its latest range through China's largest electronics retailer, GOME Group, aiming to improve on its single-digit mainland market share.
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GM faces tough choice on jobs to get UAW deal

With General Motors Corp facing the prospect of its first strike in almost a decade, the $50 billion question for the struggling automaker is how badly it wants to buy peace with its major union.
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China seizes on Mattel apology to emphasize safety

China highlighted Mattel's apology over its recall of huge numbers of toys on Monday to press its claim that Chinese exports are generally safe and foreign politicians and media have unfairly hyped quality scares.
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China to limit investments in Hong Kong stocks

Beijing will cap a program allowing its citizens to invest in Hong Kong's stock market, regulators said on Friday, scaling back an earlier aggressive plan to open a gateway for its capital accounts.

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