CHINA

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China raises bank reserve requirements, more expected

China's central bank increased the reserve requirement ratio for its commercial banks by another 50 basis points on Thursday, extending its campaign to calm prices despite initial signs of slowing in the economy.

Gold Diversification Doubted As Commodity Slump Continues

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Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.
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Bin Laden’s death to bring peace in Afghanistan: Minister

Afghan Foreign Minister Zalmay Rasoul, in his first visit to China since he took office in January, said in Beijing on Wednesday that the elimination of Osama bin Laden was ‘positive’ and will make Afghanistan's transition process easier.
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Nissan Q4 rises, gives no guidance on quake uncertainty

Nissan Motor Co <7201.T> posted a 7.2 percent rise in quarterly operating profit but offered no guidance for the new financial year on Thursday, citing uncertainties over the pace of recovery after the March 11 earthquake disrupted the industry's supply chain.
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Nissan Q4 rises, says full production likely by October

Nissan Motor Co posted a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan's March 11 earthquake will return to normal a least a month earlier than predicted by bigger home rival, Toyota Motor Corp.
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Commodities fall hits Asian markets

Asian share markets fell on Thursday after a second big sell-off in commodities in less than a week cut investor appetite for riskier investments and boosted the U.S. dollar, although oil prices clawed back some losses in early trade.
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Yahoo shares slide on Alipay restructuring

Yahoo shares fell as much as 8.6 percent on Wednesday after the controller of Alibaba Group, which includes China's largest e-commerce company Alibaba.com <1688.HK>, took full control of Alipay, a Chinese online payment business.
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Exports set record as trade gap widens

U.S. exports set a record in March, buoyed by the weak U.S. dollar and strengthening global demand as U.S. trade flows returned to levels last seen before the global financial crisis.
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Trade gap widens more than expected in March

The U.S. trade deficit widened more than expected in March, as exports leapt to a new record but imports rose nearly 5 percent as oil prices jumped, a U.S. government report showed on Wednesday.
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Japan nuclear operator seals radioactive water leak

The operator of Japan's tsunami-crippled Fukushima Daiichi nuclear station said on Wednesday that it has sealed a fresh leak of radioactive water at the plant that it suspected was seeping into the ocean.

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