Shanghai News
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Updated 46 minutes ago
The euro weakened and German bunds gained, while U.S. stocks were little changed, as Spain raised its budget-deficit target for 2012 and German retail sales unexpectedly declined. Bond risk rose and oil declined.
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BASF SE, the world’s biggest chemical maker, is considering opening an investment office in Beijing or Shanghai in the medium term as China begins to spawn its own technology startups.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Updated 2 hours, 7 minutes ago
Sands China Ltd., the Hong Kong- listed casino operator controlled by billionaire Sheldon Adelson, reported profit that beat analysts’ estimates as Chinese tourists drove higher sales at Macau casinos.
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Asian stocks rose, with the regional benchmark index set to extend its longest weekly winning streak on record, after U.S. jobless claims fell and European leaders agreed to speed up providing a permanent bailout fund for the region’s debt crisis.
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Hong Kong stocks rose after U.S. jobless claims fell and on signs Europe’s leaders will speed up the timetable for setting up a bailout fund to strengthen defenses against the debt crisis.
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Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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China’s stocks rose, capping the benchmark index’s longest weekly winning streak since 2009, amid speculation the government may introduce policies to support economic growth at a national congress next week.
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Baidu Inc., owner of China’s most- popular search engine, started displaying links to tweets on microblogs run by Sina Corp. and Tencent Holdings Ltd., broadening its services for social-networking users.
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JPMorgan Chase & Co.’s pipeline of clients from China seeking financing overseas has doubled from a year ago to a record, led by developers seeking funds, said the head of its China investment banking business.
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