CHINA

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Shanghai surprise fails to dent Europe gains

A late sell-off on Shanghai's stock market depressed emerging market stocks on Wednesday and took Asian shares off multi-month peaks, although the mood failed to carry over into Europe.

Honda posts surprise profit, raises forecast

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Honda Motor Co , Japan's No.2 automaker, posted an 88 percent fall in operating profit as demand slumped, but beat expectations for a loss and lifted its forecast for the year on the back of an improved outlook for its global car sales.

Asian shares slide, Shanghai leads

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Asian shares tumbled from multi-month peaks on Wednesday, in a sell-off led by the Shanghai market, as investors booked in profits ahead of more company earnings.
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Asian shares pause; China's CSCEC jumps

Asian shares hovered near their 10-month peaks on Wednesday as investors wait for more company earnings, but China's CSCEC made a blockbuster listing in Shanghai.
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U.S., China vow closer ties to lead global recovery

The United States and China agreed on a broad framework of cooperation on Tuesday as they strive to lead the global economy out of recession and forge a closer alliance on tough environmental and political issues.
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China protests exiled Uyghur leader's visit to Japan

Exiled Uyghur leader Rebiya Kadeer has arrived in Japan despite China's displeasure, and China in response strongly condemned Japan for allowing the visit as she was accused of instigating the deadly ethnic riots in Xinjiang.
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China seizes smuggled metal bound for North Korea

Chinese border police have seized 70 kg (154 lb) of the strategic metal vanadium bound for North Korea, a local newspaper said on Tuesday, foiling an attempt to smuggle a material used to make missile parts.
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China's Great Wall Motor considering A-share IPO

Chinese automaker Great Wall Motor Co is considering resurrecting plans for a domestic A-share initial public offering as China's stock and auto markets have rebounded strongly, company executives said on Tuesday.
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BP eyes Chinese refineries, no plant sales

BP is still considering the construction of refineries in China with partners Sinopec and PetroChina, the head of the British oil major's downstream unit said on Tuesday.
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Magna improves its Opel bid - German govt source

Canadian auto parts maker Magna (MGa.TO) has increased the amount of upfront capital it will inject in its offer for General Motors' European unit Opel, a German government source said on Tuesday.
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Low bar, long horizon for U.S.-China talks

China is bringing 150 senior officials, including nearly its whole Cabinet, to the United States this week for talks whose symbolic value is likely to trump concrete achievements.
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India to unveil 20GW solar target under climate plan

India will unveil its first solar power target as soon as September, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show.
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Magna improves its Opel bid

Canadian auto parts maker Magnahas increased the amount of upfront capital it will inject in its offer for General Motors' European unit Opel, a German government source said on Tuesday.
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Asia stocks at 10-month high

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
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Asia stocks hit 10-month high for 7th day

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.
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Unicom says no formal iPhone deal with Apple

China Unicom , one of China's top three mobile carriers, has reached a preliminary agreement with Apple for the exclusive sale of its iPhone handset in China for three years, the official Shanghai Securities News reported on Tuesday, however a China Unicom official said a formal deal had not been reached.

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