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Daily Wrap Up for August 11 - Energy

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General Motors announced today that the Chevrolet Volt extended range electric car due out late 2010, would get an official EPA rating of more than 230 Miles Per Gallon in city driving. Duke Energy Corp, signed a memorandum of understanding with Chinese Huaneng Group to develop carbon capture and sequestration technologies.

Lenovo gears up in Chinese notebook market

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China notebook of light weight and mobility took a major attraction in the market due to demand in low pricing pressure, according to market research firm DRAMeXchange on Tuesday.
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Solar cell production seen growing 56 percent in 2009

Solar cell manufacturing capacity will grow 56 percent in 2009 despite weakened demand for renewable energy projects in the face of tight credit markets and a global economic recession, a report issued on Monday by research group DisplaySearch said.
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Oil rises above $71, Chinese imports hit high

Oil prices pushed above $71 a barrel on Tuesday, spurred by record fuel imports to the world's second biggest energy user China, but the market was cautious ahead of the next set of supply and demand data.
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Rio says seen no evidence for China detentions

Anglo-Australian miner Rio Tinto said on Tuesday it had yet to be presented with any evidence to support the detention of four of its China-based staff on suspicions of stealing state secrets.
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Oil rises towards $71, Chinese imports hit high

Oil prices crept up toward $71 a barrel on Tuesday, spurred by record fuel imports to the world's second biggest energy user China, but the market was cautious ahead of the next sets of supply and demand data.
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Oil rises above $71 after record Chinese oil data

Oil rose above $71 on Tuesday, ending a three-day losing streak as record Chinese oil imports and refinery production helped offset mixed economic data, while traders anticipated key reports on the state of global demand.
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Australia's Smith rejects China Rio report

Australia brushed off on Tuesday a Chinese report accusing iron ore miner Rio Tinto Ltd of overcharging and spying on Chinese steel mills, saying it had not been officially sanctioned.
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Rio says seen no evidence yet against China staff

Anglo-Australian miner Rio Tinto has yet to be presented with any evidence to support the detention of four of its China-based staff on suspicions of stealing state secrets, the firm said on Tuesday.
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Oil steady ahead of U.S. stocks data

Oil was steady below $71 a barrel on Tuesday ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.
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Oil edges up ahead of U.S. data; watches Chinese data

Oil edged up toward $71 a barrel on Tuesday, ending a three-day losing streak, ahead of U.S. data expected to show a fall in gasoline stocks but the market also watched for signs from China of further economic strengthening.
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China Mobile to grab rivals' users through mobile IM

China Unicom and China Telecom users will be eligible to apply for accounts with China Mobile's Fetion mobile instant messaging service beginning in November, CCTime said on Monday citing an inside source from China Mobile.
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Daily Wrap Up - August 10 Tech

Facebook Inc. said it has acquired FriendFeed, a start-up that allow users to share links and status updates online, folding in a potential rival that struggled to take off.
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China to start UAE tourist groups

Chinese citizens are allowed to tour another nine nations, including the United Arab Emirates (UAE) in the Middle East, from September 15, according to the National Tourism Administration.
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McDonald's same-store sales rise, stock up

McDonald's Corp said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.

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