CHINA

Hot money fears to limit China rate increases

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China will steer clear of an aggressive increase of benchmark interest rates because higher rates will only attract additional hot money inflows, a senior government researcher told the Reuters China Investment Summit.
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BP sells Pakistan assets for $775 million

BP said it had agreed to sell a portfolio of oil and gas assets in Pakistan to Hong Kong-listed United Energy Group <0467.HK> for $775 million as it raises cash to pay for the Gulf of Mexico oil spill.
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China to keep new loan target unchanged: report

China will probably target about 7.5 trillion yuan ($1.1 trillion) in new loans next year, level with its 2010 target, a leading official newspaper reported on Tuesday, an indication that policy could be slightly looser than expected.
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TI bets on analog chips with new capacity

Texas Instruments is betting massive new output capacity will help it extend its lead in analog chips over the next few years but said it won't use aggressive pricing to grab market share in the meantime.
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Senators press China on piracy, counterfeiting

Two senators, armed with a new report on piracy and counterfeiting in China, urged Beijing on Monday to step up efforts to protect American movies, software and other goods from illegal copying.
Singapore

Singapore officials disparaged Asian neighbors: WikiLeaks

Singapore's top government officials spewed venom towards the political leaders of some of its Asian neighbors, according to U.S. diplomatic cables obtained by WikiLeaks and provided to an Australian newspaper, The Sun Herald.
Thermo Fisher to buy Dionex

Thermo Fisher to buy Dionex for about $2.1 bln

Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.
A man walks into the trading hall of the Hong Kong Exchanges and Clearing in front of Christmas lighting in Hong Kong - file photo.

US falls way behind China in IPO value

Even as the risk appetite of global investors is picking up steam once again, emerging economies have gone past the U.S. in leading the investment pick-up.
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Airbus lifts demand forecasts amid Asian growth

Airbus raised its forecast for aircraft demand over the next 20 years, citing the travel needs of 6 billion people in emerging economies as airlines stage a stronger-than-predicted rebound from recession.
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Risk appetite, deficit worries send dollar lower

U.S. dollar losses deepened on Monday, with traders chalking up the currency's broad decline to a combination of firmer risk appetite, year-end positioning and some concerns about strained U.S. finances.

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