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China PV firm sets IPO price at 50 times earnings

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Chinese photovoltaic equipment maker Beijing Jingyuntong Technology has set an initial public offering price at 50 times its historic earnings, boosted by demand from the country's push for solar energy.

LDK Solar sees price recovery in second half

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LDK Solar Co Ltd suffered a quarterly loss as a sharp drop in solar wafer prices forced it to write down millions of dollars in inventories, but forecast revenue for the current quarter above estimates on stabilizing prices.
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Diamond Planet

Diamond Planet Found Orbiting Pulsar [VIDEOS]

There's a planet made entirely of diamond out there in our Milky Way galaxy that an international team of scientist discovered orbiting a pulsar about 4,000 light-years away. This small diamond planet, which obits the pulsar PSR J1719-1438, is believed to be denser than platinum, but made entirely of oxygen and carbon.
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Gold Reverses Early Loss, Posts Gains

Gold rose on Thursday after two days of sharp declines, as tumbling European and U.S. equity markets sparked by talk that Germany might enact a short-sale ban prompted investors to buy gold as a safe haven.
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China's telecom patent boom heralds innovation era

China's telecom giants are building up a war-chest of patents to help give them an edge in the legal battles raging between the world's smartphone makers, aided by Beijing's push to transform the country from workshop to innovator.
Chinese President Hu Jintao speaks to France's President Nicolas Sarkozy during their meeting at the Great Hall of the People in Beijing

China's Hu tells Sarkozy concerned about euro

China hopes that Europe will take steps to protect China's investments there, Chinese President Hu Jintao told the French President Nicolas Sarkozy on Thursday, nonetheless voicing confidence in the euro and vowing to keep investing in it.
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German Consumers Downbeat on Global Recession Worries: GfK

German consumer sentiment fell slightly going into September, a survey showed on Thursday, hitting a 10-month low as the euro zone debt crisis and fears of another recession in Europe and the United States weighed on consumer expectations.

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