CHINA

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China shares end higher, led by banks, real estate

China's main stock index ended up 0.33 percent on Wednesday, buoyed by strong real estate and bank stocks, but investors remained worried that imminent initial public offerings may swamp the market with fresh supplies of shares.

China's trade surplus soars to record in June

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China posted a record trade surplus of $26.9 billion in June as exporters rushed shipments ahead of tax rebate cuts, handing more ammunition to critics who say Beijing's weak currency gives it an unfair trade advantage.
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Anheuser-Busch bets on fast growth in India, China

U.S. brewer Anheuser-Busch Cos. Inc. is betting rising incomes and an aspiring middle-class in countries such as India and China will boost its international revenues, a senior company official said on Friday.
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Toyota, Ford post strong China vehicle sales

Toyota and Ford, two of the world's three largest auto makers, reported strong first-half sales in China's fast-growing market, where as relative newcomers they are competing to roll out new models to attract customers.
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Buyout firms circle $4.2 billion HK property firm

Hong Kong property firm Chinese Estates Holdings Ltd. is in talks with investors on a possible buyout of the firm, valued at more than US$4 billion, sending its shares up as much as 30 percent to a record high.
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Prudential to set up India fund venture

U.S life insurer Prudential Financial Inc. is in the final stages of picking an Indian company to form an asset management joint venture to break into the market, an executive said on Wednesday.
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U.S. does not oppose release of fuel oil to N.Korea

The United States does not oppose releasing some of the 50,000 metric tons of heavy fuel oil due to North Korea under a nuclear disarmament deal before its Yongbyon reactor shuts down, a U.S. official said on Tuesday.
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Japanese WW2 massacre film premieres in Beijing

'Nanking,' a U.S.-made film documenting eyewitness accounts of atrocities committed by Japanese troops in China during World War Two, opened in Beijing on Tuesday, as the two countries struggle to mend strained ties.
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Hong Kong marks 10th year under Chinese rule

Chinese President Hu Jintao swore in Hong Kong's leader for a new term on Sunday and reminded the territory that the motherland comes first, as the city embarked upon its second decade under Beijing's rule.
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Honda eyes bigger India share but not at any price

Honda Motor Co. is keen for its share of rapidly-growing markets like India and China to increase, its chairman said on Sunday, but Japan's second biggest auto maker is not in a hurry to enter the new battleground for very cheap small cars in India.
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House Democrats rebuff Bush on trade deals

U.S. House of Representatives Democratic leaders quashed White House hopes on Friday for quick renewal of fast track trade negotiating authority and said they cannot support trade pacts negotiated with South Korea and Colombia.
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N.Korea reactor closure date needs 6-way talks: IAEA

The U.N.'s nuclear watchdog has clarified how to monitor the shutdown of North Korea's nuclear facility and it is now up to Pyongyang and its five negotiating partners to decide on a date, an official said on Saturday.
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Retail key to China banks' financial health

The earnings prospects of Chinese commercial banks are clouded by their excessive reliance on interest income and sub-standard internal controls, top domestic and overseas bankers said on Saturday.
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Move away from dollar reserves still all talk

Central bank holdings of U.S. dollars continue to mount, despite talk of diversification into other currencies, but questions remain about the sustainability of the rise in dollar reserves.
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Japan Promotes Rice Exports to China

Japanese officials gathered on Friday to commemorate the latest step in the nation’s agriculture export push, as Japan resumed rice shipments to China this week following a four year ban.
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Marriott to triple India hotel portfolio

Marriott International Inc., the top U.S. hotel operator, said on Friday it would more than triple its hotel portfolio in India by the end of 2010 as it cashes in on rising business and leisure travel.

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