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Europe: Cepsa San Roque PET plant to divert at least 100 kt/year of PTA: Cepsa Quimica's new polyethylene terephthalate plant at San Roque, Spain, will divert roughly 100,000 mt/year of feedstock material from the upstream purified terephthalic acid market when it comes online in early 2011, a company source said Monday. "We are aiming for a 2011 ...

SSF May Trim Stock Market Holdings: China's national government pension fund, the Social Security Fund (SSF), may cut its stock investments in the second half despite that it made a 9.99-percent return on equity investments during January to June, analysts said. SSF, which is estimated to have invested around 16 ...

Banking, property shares might lead 2011 market rebound: Despite generally downbeat market predictions for 2011, some analysts, such as Henry Wu, head of China equity research at Nomura Securities, are bucking the trend by predicting a rebound, expecting a boost from undervalued banking and property shares despite inflationary risk and ...

Internet firms still keen on US IPOs: China's Internet industry will see more companies float IPOs in the US, and the trend is expected to continue, as the industry maintains its record of strong growth, analysts said Monday. "It is not that easy for Internet companies to go public domestically, since authorities ...

Philippines' Hot Money Reaches 1.7 billion U.S. dollars in Nov.: The Philippines' foreign portfolio investments sustained its net inflow in November, amounting to 1.7 billion U.S. dollars, the Philippine central bank said Thursday. Total investments or "hot money" in November was up by 65.3 percent from the 1 billion U.S. dollars net inflow in ...

China's forex regulator releases violators, tighening controls on "hot money" inflows: China's foreign exchange regulator Friday published a list of companies and one individual involved in illegal foreign exchange deals, in an effort to tighten controls on "hot money" inflows. The statement posted on the State Administration of Foreign Exchange (SAFE) website was ...

Asian Market Roundup Nov 15: China Chinese shares close slightly higher Monday from a nearly 15-month low the previous trading day. The benchmark Shanghai Composite Index was up 0.97 percent, or 28.98 points, to close at 3,014.41 The Shenzhen Component Index rose 0.64 percent, or 81.55 points, to end at 12...

Asian Market Roundup Nov. 11: China China's stocks were mixed at the close Thursday, after officials said the October CPI climbed to a 25-month high at 4.4 percent. The benchmark Shanghai Composite Index up 1.04 percent, or 32.39 points, to close at 3,147.74. The Shenzhen Component Index lost 0.15 percent, or ...

Asian Market Roundup Nov 17: China Chinese equities continued to drop for a second day in a row Wednesday as investors feared prospects of higher interest rates and inflation control policies would hurt earnings. The benchmark Shanghai Composite Index shed 1.92 percent, or 55.68 points, to close at 2,838.86. ...

Qiangsheng's deal: Shanghai Qiangsheng Holding Co has gained regulatory approval to acquire Shanghai Bashi Taxi Co, the Shanghai-listed Qiangsheng has said in a stock exchange filing. Qiangsheng's fleet may top 13,000 taxis to become the world's biggest, after acquiring Bashi's more than 5,000 cabs...

Asia: Australian coal miner Curragh lowers 2010 sales volume forecast: Australian coking coal producer Curragh, a subsidiary of Westfarmers Resources, has revised its estimate of volumes to be sold in 2010 to 6 million-6.5 million mt, down from 6.2 million-6.7 million mt, following heavy rains in recent weeks, the company said in a statement to the ...

Asian Market Roundup Nov 26: China China's stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.92 percent, or 26.56 points, to close at 2,871.70. The Shenzhen Component Index lost 0.52 percent, or 65.07 points, to end at 12,539.01. Combined turnover shrank from Thursday's 323.22 ...

Indonesia's Foreign Currency Reserves Breaks New Record: A senior official at Indonesian central bank (BI) said on Thursday that the country's foreign currency reserve has broken a new record to 91.8 billion U.S. dollars. Sugeng, BI Research and Development Director, said that the record-breaking foreign currency reserves were recorded ...

Youku and Warner pen movie deal: Chinese online video company Youku.com said Thursday it had begun streaming the Hollywood thriller Inception online as part of a deal with Warner Bros. In a country where piracy is rampant, Youku said the deal allows Internet users to legally watch the blockbuster, one of 2010's ...

AgBank, Minsheng Plan Fund Raising: Agricultural Bank of China and China Minsheng Banking are planning to raise funds through selling shares. It comes as China's banking sector prepares to meet stricter capital rules amid mounting concerns about bad loans. Agriculture Bank says it is seeking approval from ...

Military enterprises to finish restructuring in 3 to 5 years: report: The Chinese government has issued guidelines on the development of military industry companies and various authorities to guide the reforms of these companies and integration of private capital in the industry, according to a Shanghai Securities News report Thursday, citing an ...

Big Push to Unlock Affordable Housing: The man in charge of China's top land watchdog pledged on Friday to continue to carefully manage the availability of building plots in an effort to curb soaring property prices. Xu Shaoshi, the minister of land and resources, said at the ministry's annual working conference in ...

Europe:Oil to hit $100, gold to touch $1800: Saxo Bank: Crude oil and gold will be the hot commodities that will set record highs in 2011, says a forecast from Saxo Bank. Saxo Bank's predictions for 2011 include a record high in US stock markets, oil breaching $100 per barrel (before losing one third), Apple Inc. buying Facebook with ...

U.S. Stocks Turn Down on Weak Job Reports: U.S. stocks ended lower on Friday due to a relatively weak job report. The Labor Department said Friday that employers added 103,000 jobs in December, an improvement from November. However, the number was below most economists' expectations. The nation's unemployment rate ...

Dollar Gains against Euro: The dollar on Friday gained against the euro in late New York trading, as optimism about U.S. economy bolstered by job reports lifted the greenback, and debt concerns pressured the euro. The euro fell below the important support level of 1.30 dollars, hitting a near four-month ...

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China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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