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Carlsberg cuts outlook as Russian beer market stalls

Danish brewer Carlsberg cut its full-year outlook when reporting a 13 percent fall in quarterly profit that missed forecasts after sales in its key Russian market were hit by higher prices, sending its shares diving.
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China to expand investment options for yuan

China pushed for greater international use of the yuan on Wednesday by promising to let foreign investors buy mainland shares and bonds, pushing up shares of brokerage stocks listed in Hong Kong.
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Carlsberg cuts 2011 outlook on weak Russia

Danish brewer Carlsberg on Wednesday posted a drop in second-quarter profit and more than halved full-year growth prospects as drinkers in its key Russian market struggled to absorb higher beer prices.
China's Tudou IPO prices within range

China's Tudou IPO prices within range

Chinese online video company Tudou Holdings Ltd (TUDO.O) priced shares in its initial public offering within the expected range on Tuesday, even though investor sentiment toward U.S.-listed Chinese stocks and the recent stock market turmoil had suggested it would be difficult.
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Euro and Tech Stocks Lose Ground in Asia

The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.
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Brent Crude Rises on Encouraging U.S. Figures

Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
One-hundred Yuan notes are seen in this picture illustration in Beijing

China Paper Prods U.S. to Act on Debt Situation

As Biden arrives in Beijing, China warns the United States must shoulder its responsibilities and take steps to soothe China's concerns over the security of its U.S. government debt holdings.
Photo illustration shows one-tael gold cubes at a jewellery store in Hong Kong

3 Reasons to Buy Gold

Here are three reasons to buy gold, even if it means selling some stocks or bonds to get the money for such an investment.
A boy watches through a window of an Amtrak train from Birmingham to Anniston

U.S. Infrastructure Woes: A Roadblock to Growth

Long famous for its top-notch highways and passion for cars, the United States is letting bridges rust as traffic chokes overburdened roads, threatening a pillar of its economic strength.
Perseid Meteor Shower

A View of a Shooting Star From Space or From Earth: Which is More Spectacular? [PHOTOS]

Astronaud Ron Garan generously shared his photos of the Perseid meteor shower this weekend -- taken from outer space.Garan is aboard the International Space Station Garan is as part of the Expedition 27 crew, which launched in April."What a 'Shooting Star' looks like #FromSpace," Garan said in his tweet of the photograph. At the time of the photograph, the space station was orbiting over China, a few hundred miles northwest of Beijing.Every year in mid-August, the Earth ...
Cathay Pacific Flight Attendants

Sex Photos Scandal Delays Cathay Pacific Ad Campaign

Asian airline Cathay Pacific has postponed the second phase of its high-profile international advertising campaign after a sex scandal involving photographs of crew members allegedly engaging in sexual acts circulated online and in Chinese-language newspapers.
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U.S. debt still safest place for China reserves: top banker

The U.S. Treasury market is still the safest place for China to put part of its massive foreign exchange reserves despite a downgrade of the U.S. debt rating by Standard & Poor's, Guo Shuqing, chairman of China Construction Bank, said in comments published on Tuesday.
World Bank Chief Robert Zoellick pauses while speaking at the Asia Society's annual dinner in Sydney

World Bank Chief: Nations Must Tackle Global Debt Mess

The World Bank chief Tuesday called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.

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