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Korea Life may raise around $2 bln in IPO-sources

Korea Life Insurance Co., the country's No. 2 life insurer, may raise around $2 billion through its public offering, sources with direct knowledge of the matter said, in what would be Korea's largest IPO since 2006.

KBC favors wind over sun in renewable investments

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Investing in wind power offers safer, less volatile returns in the current market environment than the solar sector, a fund manager of KBC's asset management arm told Reuters. We as investors like strong, steady growth, which is why we currently favor wind more than solar, which is expected to see more volatility in the short term, said Treasa Ni Chonghaile, manager of KBC's Eco Alternative Energy fund.

Asian IPO fatigue hits India, elsewhere

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An ache has hit the belly of investors who feasted on initial public offerings in Asia, in a sign the primary equity window that saw a big revival two quarters ago is beginning to quickly shut.
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Central banks lead subtle shift away from dollar

Central banks with trillions of dollars in reserves that are already stepping up euro and yen purchases will likely continue doing so in coming years, driven by worries over the stability of the greenback.
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China urged to adopt tougher C02 target

Swedish Prime Minister Fredrik Reinfeldt called on China to set a tougher target of cutting greenhouse gas emissions after 2020 as its part of a U.N. climate change agreement to be negotiated in Copenhagen.
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Afghan vote in the balance, Abdullah set to decide

Afghan President Hamid Karzai's election rival Abdullah Abdullah will announce on Sunday whether he will take part in next week's disputed run-off vote, his campaign said after speculation mounted he will pull out.
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EIA Report: This Week In Petroleum

Distillate (including diesel) is the second largest petroleum product consumed in the United States, used for everything from fuel for trucks and trains to residential heating and even a small amount of power generation. Although still overshadowed by gasoline consumption within the United States, global trends have been rapidly increasing the demand for distillate. This is causing major changes in the United States' role in the world distillate market.
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U.S. consumer confidence up for first time since 2007

Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed on Wednesday.
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India, China, Russia seek role in Afghan policy

The foreign ministers of Russia, China and India said on Tuesday that the world must remain engaged in Afghanistan, with Moscow seeking a greater role for regional powers in stabilising the war-torn country.
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Asia shares fall, dollar gives up early gains

Asian shares fell on Tuesday as investors worried that an eventual withdrawal of economic support measures could undermine global recovery while the dollar gave up early gains as short-covering receded.
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The 7 Deadly Sins of Travel

If you travel often I'm sure that at some point you've found yourself listening to a fellow backpack-toting wanderer berate his peers for not being 'good travellers'. But really, is there such a thing as a
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India's Tata Motors Q2 net more-than-doubles

Tata Motors Ltd, India's largest vehicle maker, beat forecasts as profits more-than- doubled on improved margins due to lower input prices and a recovery in demand as the financial crisis loosened its grip.
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Singh to Wen: Dalai Lama an honored guest

India's Prime Minister Manmohan Singh rebuffed China's wishes that it bar the Dalai Lama from traveling to a disputed border area, telling Chinese Premier Wen Jiabao the Tibetan spiritual leader was an honored guest.
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Asian leaders seek to reduce Western trade ties

Asia-Pacific leaders called on Sunday for regional-wide free trade and other measures to reduce dependence on the United States and big Western markets as Asia leads the way out of the global economic downturn.
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What is the East Asia Summit all about?

The East Asia Summit, bringing together the 10-member Association of South-East Asian Nations (ASEAN) and six dialogue partners, will be held in the Thai seaside resort of Hua Hin on Sunday.
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Japan pushes for East Asia bloc

Japan's prime minister backed a U.S. role for a proposed EU-style Asian community on Saturday, telling Southeast Asian leaders Tokyo's alliance with Washington was at the heart of its diplomacy.
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Central banks pressured to maintain loose policy

Central banks that worked hand in hand with governments to contain the financial crisis may succumb to political pressure and delay unwinding ultra-loose monetary policy, risking igniting inflation and speculative bubbles.
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Mongolia lists 8 potential bidders for coal project

Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzorig, deputy director of Erdenes MGL, the Mongolian government company that will hold at least 51 percent of the equity.

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