Shanghai Daily News
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Chinese equities in New York climbed from the lowest level since September, led by gains in Spreadtrum Communications Inc., after Bank of America Corp. said rising smartphone use will boost Asian semiconductor makers.
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Hong Kong stocks rose, with the benchmark index headed for its longest winning streak in two weeks, after China’s new local-currency loans exceeded economists’ forecasts.
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China ordered local governments to collect tissue samples from birds at poultry markets nationwide in the hunt for the cause of an outbreak of H7N9 avian flu that’s killed seven people.
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Honeywell International Inc. will form three joint ventures in China to supply the country’s new passenger plane program, Shanghai Daily said, citing Mark Howes, president of the company’s Asia-Pacific aerospace unit.
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McDonald’s Corp. restaurants in Shanghai temporarily suspended food-delivery service after the chain’s phone system froze during an upgrade, Shanghai Daily said, citing Liu Xiaolin, a company public relations officer.
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Chinese stocks slid to a nine-week low in New York as Melco Crown Entertainment Ltd. sank on concern over Macau gambling revenue and Baidu Inc. retreated after the introduction of a new search engine.
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Emerging-market stocks rallied the most in a week, with technology shares reaching their highest level since 2000, as South Korea’s central bank said the improving global economy is boosting domestic growth.
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PetroChina Co. Chief Financial Officer Zhou Mingchun called on China’s government to raise the threshold for the windfall tax on oil and combine it with other resource levies, the Shanghai Daily reported today.
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Prices of most food in China increased in the first 10 days of the month compared with the previous period of the same length, Shanghai Daily said, citing the National Bureau of Statistics.
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Chinalco signed an agreement with a Laotian government company on March 30 to jointly develop mineral resources in Laos’s south, Shanghai Daily said, citing a statement from the Chinese company.
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