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China's Soho to purchase Shanghai site for $632 million
Thu, 29 Dec 2011 09:38:43 GMT
 
China's company Soho Ltd. will buy Shanghai's commercial site for $632 million from two companies Greentown China Holdings Ltd. and Shanghai Zendai Property Ltd. The takeover is a part of Soho's strategy >>
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China creates 12 million new jobs
Thu, 29 Dec 2011 09:37:47 GMT
 
China added about 12 million jobs in the urban areas and the rate of unemployment in cities decreased below 4.6%, said Yin Weimin, minister of human resources and social security referring to >>
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Crude oil futures rise on the dollar rush
Thu, 29 Dec 2011 09:37:21 GMT
 
Crude oil futures appreciated as investors mostly sold their oil holdings to get profits and reinvest them in the USD purchases amid fresh concerns over the Euro Zone's debt crisis. Light, sweet >>
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US gasoline inventories are expected to decline by 50,000 barrels
Thu, 29 Dec 2011 09:35:40 GMT
 
US gasoline stocks are likely to fall by 50,000 barrels. However, experts surveyed by Dow Jones Newswires have had different opinions as forecasts ranges from 3 million barrels fall to 1 million >>
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Holiday retail sales in US up compared to last year
Thu, 29 Dec 2011 09:35:19 GMT
 
Retail sales experienced substantial gains during Christmas holidays helped by warm weather and Christmas evening falling on a Saturday. Turnover in the last week surged 14.8% on a yearly basis, said ShopperTrak. On >>
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China's SOEs' profits to achieve 900 billion yuan
Thu, 29 Dec 2011 09:34:07 GMT
 
China's SOEs' profits are expected to jump to about 900 billion yuan this year from 848.98 billion yuan in 2010. State enterprises saw stable growth in 2011 despite global economic challenges, said >>
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New York Times to sell 16 regional newspapers
Thu, 29 Dec 2011 09:33:36 GMT
 
New York Times announced it is going to sell 16 of its regional newspapers across the California and US Southeast to Halifax Media Holdings to reduce costs and concentrate on its most >>
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Gold falls on the higher USD appeal
Thu, 29 Dec 2011 09:32:59 GMT
 
Gold prices decreased as investors tend to increase the Dollar positions avoiding the yellow metal as they are worried about the spreading Euro Zone crisis. Gold futures for delivery in February traded >>
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Sears to be downgraded by S&P
Thu, 29 Dec 2011 08:59:29 GMT
 
On Wednesday Standard & Poor's decided to put retailer Sears Holdings Corp. for a probable downgrade. S&P agency insists that closing more than 100 stores is not very likely to improve Sears performance. >>
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China to continue increasing the Yuan flexibility
Thu, 29 Dec 2011 08:57:39 GMT
 
China will go on increasing its currency flexibility and boosting domestic demand, according to foreign ministry. Since last year, the exchange rate had become much more flexible, said Hong Lei. The country's foreign >>
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Alibaba hires US lobbying company as it considers making bid for Yahoo
Thu, 29 Dec 2011 08:57:25 GMT
 
Alibaba group hired Washington based lobbying company signaling that China's e-commerce firm is interested to make a bid for whole Yahoo Inc. Hiring a US lobbying company could aid Alibaba avoid US political >>
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US oil inventories are likely to show decrease of 2.2 million barrels
Thu, 29 Dec 2011 08:52:40 GMT
 
US crude oil inventories data are likely to show a drop in inventories last week with the refining operations remaining unchanged. Analysts expect oil inventories to decrease by 2.2 million barrels for >>
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Euro plunges to 15-month record low after ECB lending
Thu, 29 Dec 2011 08:52:30 GMT
 
17-nation currency depreciated on Wednesday against greenback, reaching 15-record low after ECB issued report on its lending processes. The Euro tumbled from $1.3074 to $1.2938. During trade common currency hit $1.2910 which is >>
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Rural and agricultural spending in China to achieve 1 trillion yuan
Thu, 29 Dec 2011 08:52:23 GMT
 
China's fiscal spending on rural development and agriculture is expected to amount more than 1 trillion yuan this year. The government introduced various reforms like grain subsidies, upgrade of irritation systems and >>
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US stocks down before Italian long term debt auction
Thu, 29 Dec 2011 08:52:14 GMT
 
US stock markets experienced a decline on Wednesday as investors were concerned about forthcoming Italian 10-year bond auction on Thursday. Italian 10-year borrowing costs currently are fluctuating near 7%. Dow Jones Industrial Average lost >>
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