CHINA

Japan and China agree to improve ties despite row

Japan wary of rise in China's maritime activities

China's naval forces are likely to step up their activities in waters around Japan, Tokyo's annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.

Japan sees further expansion of China maritime activities

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Japan expects China to further expand its maritime activities in the South China Sea and the Pacific, its annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
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China official paper says U.S. debt worries linger

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
China to cut bank loans to local govts-regulator

Goldman sells $479 million worth of ICBC shares for client

Goldman Sachs International sold HK$3.73 billion ($478.7 million) worth of shares in Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, in what it said was a transaction to help a client hedge its position in the bank.
iPhone 5 Will Have New Curved Case With Larger Screen Display (IMAGES)

Fake iPhone 5 For Sale in China?s Online and Phone Markets

While U.S. customers are still waiting for the upcoming iPhone 5 this fall, various types of fake iPhone 5 devices have been on sale in Chinese online store and offline markets. The Fake iPhone 5 is sold at $108 and features a similar design following the rumor of iPhone 5 specs. It is encased in a plastic body, two LED flash cameras and a label saying it has 64GB of storage. Also the fake device runs a JAVA-based OS, plays MP3?s and connects via WiFi.
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Toyota cautious after quake drags first-quarter to loss

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals.
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China halts offshore yuan borrowing to tighten policy

China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy to battle inflation.
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Toyota cautious on forecast after quake hits results

Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.
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Toyota lifts forecasts, posts loss on quake and yen

Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
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Bank of Korea buys gold as dollar, euro lose clout

South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
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Toyota posts big first quarter loss hurt by quake, yen

Toyota Motor Corp <7203.T> reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake on record hammered production and the yen's rise hit profitability on exports. The company raised its annual forecast.
The Bank of Korea governor Kim answers a reporter&#039;s question during a news conference after a rate setting meeting at the bank&#039;s headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Apple is expected to launch new iPhone in October

iPhone 4 Price Drops. So What? Give Me an iPhone 5

More clues are piling up in regards to the release date of Apple's highly anticipated iPhone 5 set to hit the markets this fall. The latest news speculate that Target will be offering price drops on the iPhone 4 for five bucks if you trade in an old 3GS model. Customers can also purchase a 16GB iPhone 4 for $170 with a two year contract or go to Radio shack and get an iPhone 4 32GB model for $270.
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China official paper says U.S. debt worries

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.

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