Hong Kong Economic Times News
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Warren Buffett, chairman of Berkshire Hathaway Inc., has no plans to buy Suntech Power Holdings Co., the China Business News said, citing an interview with him.
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Qihoo 360 Technology Co., the Chinese Internet company whose search engine debut drove shares to a record, is falling along with rival Baidu Inc. on concern advertising spending isn’t keeping pace with economic growth.
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Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.
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Chinese stocks climbed to the highest level in a week in New York as Suntech Power Holdings Co. extended gains on reports the company is talking to investors and Baidu Inc. jumped the most since July.
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Chinese equities in New York fell for the first time this week, led by property stocks and state- run companies, on concern a bigger-than-estimated increase in lending will spur the central bank to tighten credit.
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The plunge in shares of Suntech Power Holdings Co., the Chinese solar-panel maker forced into bankruptcy last month, highlights risks with structured notes that can leave investors exposed to collapsing equities.
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Chinese equities in New York rallied the most in almost three weeks, led by commodity producers and solar makers, as easing inflation damped concern Asia’s second-largest economy will tighten monetary policy.
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China’s stocks rose, driving the benchmark index to its biggest gain in two weeks, as slower- than-estimated inflation eased pressure on policy makers to tighten monetary policy.
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Hong Kong Economic Times Holdings Ltd. has rejected an investor’s demand to increase dividend payments and said it will need cash to face rising competition in the media.
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China National Petroleum Co., Agricultural Development Bank of China Co. and China Power Investment Co. are among issuers that may sell bonds in the nation’s debt markets.
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