CHINA

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Merrill may sell management of Asian property fund: source

Bank of America's (BAC.N) Merrill Lynch is in talks with several firms including Blackstone (BX.N) and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.

APEC decries protectionism, commits to Doha by 2010

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Asia-Pacific nations agreed on Tuesday to shun protectionist measures after some criticized the United States and other developed world buy local campaigns at a meeting pushing forward momentum toward a global trade pact.

CNOOC explores $15 bln JV with Repsol -source

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China's CNOOC is exploring a potential $15 billion joint venture with Repsol, involving the Spanish oil company's global exploration and production assets, a source familiar with the matter said.
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Coke tops view despite strong dollar

Coca-Cola Co reported a better-than-expected quarterly profit on Tuesday, aided by growth in emerging markets, but its shares fell as revenue was lighter than anticipated and investors looked for stocks with stronger growth potential.
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U.S. says China must pay to cut greenhouse gases

China and other developing nations must help pay for the reduction of greenhouse gas emissions blamed for global warming, U.S. Commerce Secretary Gary Locke said on Monday, backing off a recent statement that put a greater burden on the United States.
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Daily Wrap Up - July 20 - Energy

U.S. Energy Department announced a total of $57.5 million in funding from the stimulus package for smart grid projects. Ecuador continued in talks with China on Monday, to supply oil to the Asian country under a two-year contract.
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China's CSCEC sets price range for IPO

China State Construction Engineering Corp (CSCEC) said on Monday it had fixed a price range for its Shanghai initial public offering (IPO), looking to raise as much as 50.16 billion yuan ($7.34 billion).
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ONGC taps Citi for Kosmos Ghana stake bid: sources

India's leading oil producer ONGC has hired Citigroup to advise it on a bid for Kosmos Energy's stake in an oil field in Ghana in a deal that could be worth between $3 billion and $5 billion, sources familiar with the deal said.
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GM gets three offers for Opel

General Motors (GM) said on Monday that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal.
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China to maintain stable yuan -Premier Wen

China will maintain a basically stable yuan at a reasonable and balanced level, Chinese Premier Wen Jiabao said in a reiteration of the country's long-standing description of its exchange rate policy.
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Hopu, Temasek eye $1 bln China iron ore IPO -sources

Chinese iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore's state investor Temasek, plans to list shares in Hong Kong this year to raise up to $1 billion, sources with direct knowledge of the plan said.
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Australia mustn't lose face in Rio row with China

The row over four Rio Tinto Ltd staff detained in China accused of spying has exposed Australia to Chinese wrath just when a Mandarin-speaking leader in Canberra had appeared to have wooed the country over.
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Australia says China must handle Rio case quickly

Australia's trade minister said on Monday that Australia wants more details on the detained employees of miner Rio Tinto from China quickly, but said the case would not hurt economic relations if handled properly.
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Australia says China-Rio case a signal for investors

Australia's trade minister said on Monday China's detention of Rio Tinto employees would not hurt economic relations if handled properly, but said the case was a signal to everyone looking to invest in China.
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Xinjiang riots pre-planned at 50 places: state media

Ethnic rioting in China's far western region of Xinjiang was well planned and co-ordinated to take place at more than 50 locations across the regional capital Urumqi, the official People's Daily reported Sunday.
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Australasian terminates co-op with China's Shougang

Australasian Resources Ltd (Australasian) has terminated its project agreement with China's 4th largest steelmaker, Shougang Corporation (Shougang), Australasian said on Thursday, adding that it has begun talks with other interested parties.

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