CHINA

M.Stanley eyes Shanghai property sale: sources

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The real estate investment arm of U.S. bank Morgan Stanley (MS.N) aims to sell a Shanghai office building for around 2.5 billion yuan ($366 million) to a Hong-Kong-listed developer, sources said on Tuesday.
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HSBC in talks to form securities JV in China

HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.
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Bill Clinton in North Korea to win reporters' release

Former U.S. President Bill Clinton made a surprise visit to North Korea on Tuesday to try to win the release of two jailed American journalists, a move some analysts said could mark the isolated state's return to talks over nuclear weapons.
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China iron ore business carries on for small Oz miners

Small-capped Australian iron ore miners say it is business as usual with Chinese steelmakers despite protracted negotiations between China and mining giants Rio Tinto and BHP Billiton to settle an annual benchmark price.
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China agency retracts report on suspended ore talks

The semi-official China News Service quickly withdrew a report on Tuesday that said China had suspended iron ore negotiations with Australian miners, offering no further insight on the status of fraught price talks.
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Asian stocks trim gains but recovery hopes remain

Asian stocks hit an 11-month high on Tuesday before profit taking pulled them back, while the Australian dollar also pared gains after the country's central bank left interest rates unchanged but offered no clues on when tightening would begin.
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Recovery rally lifts Asia stocks to 11-month high

Asian stocks climbed to an 11-month high on Tuesday on hopes a V-shaped recovery may be forming in the United States, while the Australian dollar hit its highest since late September after solid housing and retail sales data.
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JP Morgan appoints new vice chairman in China

Gong Fangxiong, chief economist for the Greater China region and head of the China Research Department at JPMorgan Chase Co., has been appointed as deputy chairman of the JP Morgan Chase's China investment bank, according to local media Caijing.
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Oil rises over 3 percent

Oil rose more than 3 percent to above $71 a barrel on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
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Oil rises over $2 on US, China factory output

Oil rose more than $2 a barrel to hit a one-month high above $72 on Monday as positive manufacturing data in the United States and China raised optimism for an economic recovery that could bolster energy demand.
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Apple execs visit China to push iphone

Senior officials from Apple Inc will visit China to restart top level negotiations with China Unicom on iPhone's entry into the huge Chinese market, local media outlet Sina.com reported on Tuesday morning local time.
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HSBC eyes Shanghai IPO, seen in H2 2010

HSBC Holdings could raise 50 billion yuan ($7.3 billion) in a Shanghai listing next year as it vies to be one of the first foreign firms to list in China, according to people familiar with the matter.
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China may tighten banks' capital rules: sources

China's banking regulator, concerned record lending could lead to a spike in bad loans, may tighten banks' capital rules by excluding subordinated bonds they sell to other banks from their capital base, sources said Monday.
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China seen going for mining JVs after Rio debacle

China, bruised by the collapse of a proposal to buy a Rio Tinto stake, could confine itself to project-level deals with miners to feed its hunger for metals and shun company acquisitions to avoid further loss of face.
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China Brilliance says in talks with Daimler on JV

The state parent of Brilliance China Automotive Holdings is in talks with Daimler AG to set up a joint venture in China making special purpose vehicles, executives at the parent company, Brilliance Auto, said on Monday.
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Everbright Secs to raise up to $1.6 bln in IPO

Everbright Securities Co, China's 10th biggest brokerage by market share, plans to raise as much as 10.96 billion yuan ($1.60 billion) in its Shanghai initial public offering after announcing an IPO price range on Sunday.

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