CHINA

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China Merchants Bank lists today

China Merchants Bank shares began to trade in HKex today after yestoday's hot off-board transactions which dark-price once jumped 11 yuan yestoday and closed at 10.6 yuan - far higher than its offering price of 8.55 yuan, and the Price-Book value ratio soared 3.19 time.

FTSE 100 Climbs On Strong Results, Oil Caps Gains

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Britain's FTSE 100 pushed ahead on Thursday, buoyed by strong results and bullish earnings forecasts, but gains were capped by continued weakness in crude prices, hitting oil heavyweights and utilities.
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World Bank Private Sector Arm to do More for Africa

The World Bank's private sector arm, criticised by civil society for investing largely in middle income countries, will ratchet up its projects in Africa and poor regions, the agency's head said on Wednesday.
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Juicy Couture Expands Into Asia

Clothing label, Juicy Couture said on Monday it is expanding by distributing its products to Asian countries as part of a partnership with Lane Crawford Joyce Group, an Asian international brand group.
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Trade Reps Support D.C. to Beijing Direct Flight

Former US trade representatives have urged the Department of Transportation to accept United Airlines' proposal to connect Washington D.C. and Beijing through direct commercial flights for the first time.
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Global Growth May be Cresting, IMF Warns

World economic growth may be cresting after the strongest showing in three decades, making it imperative that countries revive global, market-opening talks to tap the benefit of expanded trade, the head of the IMF said on Tuesday.
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Africa Must Welcome China - Mozambique's Chissano

Increased Chinese involvement in Africa should be welcomed, former Mozambique President Joaquim Chissano said on Monday, dismissing accusations that Chinese policies can encourage human rights abuses.
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Strong dollar in U.S. interest: Paulson

U.S. Treasury Secretary Henry Paulson said on Monday a strong U.S. dollar was in the interest of the United States and he was not seeking any quick fixes on China's currency situation.
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International Finance Corporation Refocusing on Africa

The World Bank's private sector arm said on Monday it hiked investments in the Middle East and Africa by 80 percent in the year that ended in June due to higher demand in those regions and it aims to do more in 2007. We are refocusing on these countries, International Finance
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G7 sees strong growth

The world's leading industrial countries are enjoying strong growth but face the risk of rising inflationary expectations, tight energy markets and spreading protectionism
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Taiwan Web site to close online music swapping

Taiwan online music file-sharing network Kuro has agreed to shut down its file swapping service and pay undisclosed damages to settle a recording industry lawsuit, the industry group behind the row said.
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Xinhua says it seeks no profit from media rules

China and its official Xinhua news agency defended new rules controlling foreign news organisations on Thursday, saying they are not aimed at commercial gain and will not give the agency unfair dominance.
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Rolls Royce Strikes $800million Air China Deal

Today Rolls Royce Plc announced that it had struck a deal worth US$800 million with Air China. Air China has chosen to use the Rolls Royce Trent 1000 engine for use on its new fleet of 15 Boeing 787 Dreamliners.
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Oil rebounds after six-day slide

Oil rebounded above $66 a barrel on Tuesday, with bargain hunting traders ending a six day retreat after Iran sounded a softer note on its atomic programme
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Mandelson: No New WTO Talks Until Nov.

High-level talks to jump start negotiations on a global trade agreement won't be possible until the end of the year or early next year, European Union Trade Commissioner Peter Mandelson said Monday.
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China draws foreign firms, Chinese flee

The grass is always greener on the other side in China: foreign companies want to tap the country's 1.3 billion consumers while some Chinese firms are desperate to escape the cut-throat competition at home.
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Rewards, risks as Chinese embrace credit

As China evolves from a nation of savers to one of borrowers and investors, banks are salivating over the prospects, but risks loom in a market where consumer credit is a novelty and competition is intensifying.
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Tanigaki mum on topic of forex talks at G7

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.

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