Garry Smith News
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Growth in Chinese industrial companies’ profits slowed in March, adding to evidence the nation’s economic recovery is losing steam.
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Growth in Chinese industrial companies’ profits slowed in March, adding to evidence the nation’s economic recovery is losing steam.
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China plans to open the Xisha Islands in the South China Sea to cruise-ship tourists ahead of the May Day holiday, Xinhua News Agency said, citing Tan Li, executive vice governor of the southernmost province of Hainan.
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Volvo AB agreed to pay 5.6 billion yuan ($890 million) for a minority stake in the commercial vehicle unit of China’s Dongfeng Motor Group Co., a transaction the Swedish company said will make it the world largest maker of heavy-duty trucks.
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SK Hynix Inc., the world’s second- largest maker of computer memory chips, jumped the most in more than three weeks in Seoul trading on speculation quarterly earnings will exceed analysts’ estimates.
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VietJet Aviation Joint-Stock Co. is set to begin flights to Bangkok in December, becoming the first privately owned Vietnamese carrier to fly abroad.
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Shenzhen Airlines Co. said one of its services was suspended by China’s aviation regulator after passengers stranded for at least 15 hours by a delay protested on an airport taxiway.
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Panasonic Corp. , the world’s largest maker of plasma televisions, rose the most in almost 11 months in Tokyo trading, leading gains by Japanese electronics makers.
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Southeast Asian container shipments to the U.S. and Europe are rising as much as 10 percent, as manufacturers move production from China because of lower costs, according to cargo-booking technology provider Inttra.
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Kweichow Moutai Co. , China’s biggest liquor maker by market value, rose to the highest level in more than two years in Shanghai trading after a brokerage said the company may raise prices. Other liquor makers also gained.
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