Guangzhou News
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Mitsubishi Motors Corp. plans to reorganize its capital to help unload the worst accumulated losses in the automotive industry.
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Chinese stocks listed in the U.S. tumbled to the lowest in three weeks, led by Melco Crown Entertainment Ltd. and China Unicom Hong Kong Ltd., as a report showed manufacturing in the world’s second-largest economy contracted for the first time in seven months.
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Bank of Nova Scotia Chief Executive Officer Richard Waugh said he was too optimistic about the swift completion of a deal to buy a stake in a Chinese lender.
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China’s net exports of gasoline remained near the highest level in a year amid the nation’s weakest domestic oil demand in eight months.
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Updated 3 hours, 23 minutes ago
Sales of rice from China’s top producing province have slumped amid reports that supplies from Hunan contain traces of cadmium that exceed government limits, a state-owned agriculture researcher said.
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Emerging-market stocks advanced to a one-week high as a stronger Japanese currency lifted global exporters. The Jakarta Composite Index surged to a record.
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The Standard & Poor’s 500 Index retreated from a record amid concern the Federal Reserve will scale back its stimulus efforts. Gold and silver advanced as Moody’s Investors Service warned the U.S. rating may be cut. The yen rebounded from the weakest level since 2008.
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China’s stocks climbed, sending the benchmark index to the highest level in seven weeks. Brokerages rose as trading volumes jumped the most among Asian markets.
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U.K. home sellers raised asking prices for a fifth consecutive month, pushing values to a record and giving the market its best start to a year since 2004.
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China’s new-home prices rose last month in 68 of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows.
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