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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.

Toshiba posts smaller loss than expected

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Japan's Toshiba Corp reported a smaller-than-expected quarterly operating loss on Wednesday thanks to solid chip prices, and stuck to its forecast for a return to profit this year on cost cuts.
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Asian shares slide, Shanghai leads

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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Offshore wind could be next wave for U.S.

The Cape Cod resort area, famous for sandy beaches and centuries-old fishing villages, could in the next few years claim a new title of home to the United States' first offshore wind farm.
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U.S. and China sign memorandum on climate change

The United States and China, the world's largest emitters of greenhouse gases, signed an agreement on Tuesday that promises more cooperation on climate change, energy and the environment without setting firm goals.
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Stimulus creates, saves more jobs in June: committee

The number of jobs created or saved by infrastructure projects funded by the U.S. economic stimulus plan more than doubled in June from May, according to a report released Tuesday by a House of Representatives committee.
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Daily Wrap Up - July 28 - Energy

China and the United States signed a memorandum promising greater cooperation in tacking climate chaneg, energy and the environment. BP Plc and Valero Energy Corp. reported earnings for the second quarter reflecting the economic downturn has hit hard the oil industry.
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Apple partners with China Unicom for huge iphone market

China Unicom, the country's second largest wireless carrier, has reached an agreement with Apple as its sole iPhone partner in China for three years, and Apple's 3 G iPhone will be sold by the end of September, the ccidnet.com reported on Tuesday.
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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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Courts approve Nortel wireless sale to Ericsson

The $1.13 billion sale of Nortel Networks' prized wireless assets to Swedish telecoms equipment maker Ericsson received the blessing of Canadian and U.S. courts on Tuesday, with a U.S. bankruptcy judge praising the bidding process.
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Daily Wrap Up - Tech July 28

The $1.13 billion sale of Nortel Networks' prized wireless assets to Swedish telecoms equipment maker Ericsson received the blessing of Canadian and U.S. courts on Tuesday, with a U.S. bankruptcy judge praising the bidding process.
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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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iPhone App Locator tracks Sex Offenders

Sex offenders have nowhere to hide. People who use iPhone with Offender Locator application can now be able to locate sex offenders to all the 50 states of US.
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Obama, Gates and Cowley to meet Thursday at the White House

President Barack Obama will on Thursday at 6pm EST meet with Harvard University scholar and the policeman who arrested him at the White House which according to chief White House spokesman, Robert Gibbs, will be about having a beer and de-escalation.
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White House repeats F-22 veto threat

The Obama administration repeated on Tuesday a threat to veto an annual defense spending bill if it included money to continue Lockheed Martin Corp's F-22 aircraft production line.

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