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Saturday, 29 November 2008 |
CHINA National Coal Group, the country's second-biggest producer of the fuel by sales, said output has risen 7.2 percent because of expanded capacity. The parent company of Hong Kong-listed China Coal Energy Co produced...
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Saturday, 29 November 2008 |
INDUSTRIAL output in southern China's Guangdong Province rose by 9.9 percent in October, the slowest pace since January 2001, Xinhua news agency said, citing the provincial statistics bureau. Production in the first...
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Saturday, 29 November 2008 |
CHINA Southern Power Grid Co, the smaller of the nation's two electricity distributors, plans to invest 90 billion yuan (US$13 billion) next year in its network. China Southern Power's spending in Guangdong Province...
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BOC to open Swiss private-banking unit |
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Saturday, 29 November 2008 |
THE Bank of China Ltd, the nation's fourth-largest by assets, said it will open a private-banking unit in Switzerland.
Bank of China (Suisse) SA will start immediately after getting approval from the Swiss Federal...
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Lamy sees China's footprint on world economy |
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Saturday, 29 November 2008 |
IF China's trade takes a severe hit from the global financial crisis, the world economy will be even more affected, Pascal Lamy, director-general of the World Trade Organization, told Shanghai Daily on Thursday in...
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Ping An to seek state help to get Fortis compensation |
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Saturday, 29 November 2008 |
CHINESE insurer Ping An is asking the Chinese government to help seek compensation from Belgium over its losses in European financial group Fortis after the group was nationalized, a government source said yesterday.
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China earmarks $73 mln for rural environment protection |
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Saturday, 29 November 2008 |
BEIJING, Nov. 28 (Xinhua) -- China has decided to allocate ...
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Chinese business mood falls to lowest |
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Saturday, 29 November 2008 |
BUSINESS confidence in China fell to the lowest level in nearly four years in November due to a dismal global economic outlook, according to a Xinhua Finance Ltd report yesterday.
The sentiment index for business...
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European stock decline trims MSCI index gains |
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Saturday, 29 November 2008 |
EUROPEAN stocks declined, trimming the MSCI World Index's biggest weekly gain on record, as STMicroelectronics NV cut its sales forecast and lower oil and metals prices weighed on commodity producers. Asian shares...
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Oil prices fall below US$54 on recession gloom |
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Saturday, 29 November 2008 |
OIL prices fell below US$54 a barrel yesterday as a gloomy outlook for global crude demand overshadowed expectations that OPEC might announce a production cut this weekend.
By midday in Europe, light sweet crude...
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HK Shares Rise As Confidence Grows |
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Saturday, 29 November 2008 |
HONG Kong shares rose, extending a weekly advance, on optimism the Chinese central government's stimulus measures will sustain growth.
China Shenhua Energy, the country's largest coal miner, climbed 7.3 percent...
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Earnings concern damps stocks |
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Saturday, 29 November 2008 |
SHANGHAI stocks fell yesterday on renewed concern that earnings growth will decline in a slowing economy.
The benchmark Shanghai Composite Index lost 2.44 percent, or 46.70 points, to close at 1,871.16.
Turnover...
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