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Despite bumps, demand remains for Asia IPOs -panel

Demand for public stock offerings in Hong Kong and throughout the region remains strong, despite a few recent deals that struggled, according to a panel of three investment bankers and one hedge fund investor.

Tengzhong seeks approval for Hummer buy

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Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.
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China cuts aviation fuel prices

China will cut the price of aviation fuels by about 4 percent from Sunday, reflecting recent falls in international crude oil prices, according to an announcement from the National Development and Reform Commission.
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Book trade seeks a deal with Google

The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared.
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Landslides, floods kill 184 in Philippines

Philippine President Gloria Macapagal Arroyo mobilized troops on Saturday to clear roads of debris and mud in mountainous northern provinces isolated by landslides and floods that left 184 dead after a week of heavy rains.
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China urges neighbors, U.S. to talk to North Korea

North Korea wants to ease a standoff with the United States, Japan and South Korea, Chinese Premier Wen Jiabao told East Asian neighbors at a summit focused on Pyongyang's nuclear weapons and regional integration.
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China objects to U.S. steel pipes probe

China said it adamantly opposed a U.S. inquiry that could lead to new duties of 100 percent or more on seamless steel Chinese-made pipes, accusing Washington of blindly hitting its products with anti-dumping accusations.
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Chevrolet to take 70 pct of GM sales: exec

General Motors Co's flagship Chevrolet brand expects to boost sales driven by new launches such as the Cruze small car and may represent 70 percent of the automaker's North American sales, the brand's chief said on Friday.
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GM Jan-Sept China vehicle sales up

General Motors Co GM.UL said on Friday that its China vehicle sales in the first nine months of this year jumped 55.6 percent from a year earlier, boosted by Beijing's stimulus policies and boding well for record sales for the full year.
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GM signs deal to sell Hummer to Tengzhong

General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.
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GM signs deal to sell Hummer

General Motors Co on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry.
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Clinton to talk Iran, Afghanistan on Russia trip

Iran and Afghanistan will dominate talks by U.S. Secretary of State Hillary Clinton next week on a trip to Britain and Russia that could also spur progress on a new nuclear arms reduction treaty with Moscow.
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Wynn Macau debut cashes in on Asia gaming fever

Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer U.S. casino rival Las Vegas Sands , which plans a listing later this year.
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South Korea, Japan press North Korea to return to talks

The leaders of South Korea and Japan called on Friday for a new approach to force North Korea to give up atomic arms as Pyongyang planned to send an envoy to the United States, a trip which could revive dormant nuclear talks.
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Wynn Macau rises 9 pct in Hong Kong debut

Shares of Wynn Macau, the Asia unit of U.S. casino giant Wynn Resorts, rose 9 percent in their trading debut, defying expectations, as Hong Kong feted its first IPO of a top global brand in years.

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