CHINA

U.N.'s Ban urges 2009 deadline for climate deal

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U.N. Secretary-General Ban Ki-moon urged the world on Wednesday to agree to work out a new climate treaty by 2009 but said it might be too ambitious to set goals for greenhouse gas cuts in Bali.

Dollar disappointed by small Fed cut

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The dollar fell versus the euro on Wednesday after the previous day's quarter-point rate cut from the Federal Reserve disappointed investors hoping for more aggressive action to help the economy and credit markets.
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China raises foreign investment cap to $30 billion

The ceiling on foreign investment in Chinese securities will be raised to $30 billion from $10 billion, Beijing's foreign exchange regulator said on Sunday ahead of cabinet-level talks with the United States.
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Emissions cap for poor unlikely at Bali talks

The chance that developing countries would accept firm emissions-cutting targets receded on Friday, as U.N.-led talks to launch negotiations on a climate pact to succeed the Kyoto Protocol inched forwards.
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Dell Turns to Retail Therapy

Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.
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Coca-Cola says COO Kent to become CEO

Coca-Cola Co said on Thursday Chief Operating Officer Muhtar Kent will succeed Neville Isdell as chief executive of the world's largest soft drink company on July 1, 2008.
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Loans, policy mean tougher times for China banks

The fat years may be ending for Chinese banks as bad loans increase and monetary policy tightens. After government bail-outs and reforms ended a debt crisis early this decade, bad loans could rebound because of exposure to the country's red-hot property market. But a debacle on the scale of the U.S. subprime credit crisis remains very unlikely, officials and analysts say.
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Bristol to cut jobs, close plants to save $1.5 bln

Bristol-Myers Squibb Co, as part of an expected major restructuring, on Wednesday said by 2010 it would cut its work force 10 percent and slash the number of its manufacturing plants by more than half, to generate an additional $1.5 billion in savings. The company is also planning to sell its medical imaging business and reviewing strategic alternatives for its wound healing unit. Sales would bring the company cash to boost its core pharmaceuticals business.
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Singapore's Temasek Eyes Western Bank Stakes

Singapore's Temasek, Asia's pioneer sovereign wealth fund with stakes in Barclays and Standard Chartered, looks to be calling the top of the China stock boom and is scouting for cheaper targets in the West.
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China's Baosteel mulls Rio Tinto bid: report

Top China steelmaker Baosteel is weighing a bid to counter BHP Billiton's $125 billion takeover offer for Rio Tinto Group Baosteel Chairman Xu Lejiang told a Chinese business newspaper.
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Holy Smokes! World's worst polluters list is out!

World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
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China Railway up 69 pct on Shanghai debut

Shares in China Railway Group 601390.SS, the world's third-largest construction contractor, rose 69 percent on their Shanghai debut on Monday, calming investor fears that big Chinese listings could be running out of steam.
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Standard Bank Shareholders Approve ICBC Deal

South Africa's Standard Bank said on Monday a majority of shareholders had approved the acquisition of a 20 percent stake in the group by China's biggest lender ICBC for $5.6 billion.
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Profitable but pelted, Toyota shares due for rebound

Shares in Toyota Motor Corp have been battered this year, lagging both global auto peers and a weak Japanese stock market, but analysts are near unanimous that the world's most profitable carmaker is due for a bounce.
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Guitar Hero meets Warcraft in Vivendi-Activision deal

French telecom and media group Vivendi said on Sunday it will merge its video games unit with Activision Inc in a $9.85 billion deal that combines the hit Guitar Hero and World of Warcraft franchises under one roof.
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China denies U.S. Navy entry to Hong Kong

Washington said alleged that China turned down the request from U.S. Navy ship to visit Hong Kong on the last minute, blocking the Navy by the Kitty Hawk as well as accompanying U.S. ships away from Hong Kong territory during the Thanksgiving holiday.
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HP Leads PC Makers, Acer Displaces Dell

Hewlett-Packard Co. in the third quarter continued to expand its lead over rivals in the global PC market, while Taiwan based Acer saw the largest increase, displacing Dell as the world's No. 2 notebook maker.
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China lists substandard Wal-Mart, Carrefour goods

China has published a blacklist of substandard toy jugs and children's shoes sold at Wal-Mart stores and drawing pens from French retailer Carrefour in a quality sweep on children's goods sold at Beijing supermarkets.

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