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Crude prices rise on Saudi Arabia's oil supply cut

Crude prices rebounded Thursday as Saudi Arabia was said to reduce its crude oil supply to the market in September.

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More buy-ups expected in mobile game market

China's mobile game industry will see more acquisitions while increased capital injection continues rising the market's entrance barrier, according to PricewaterhouseCoopers (PwC).

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China to become largest market for Danfoss: CEO

​Considered by Danfoss, a world giant in green technology and business, as the "second home market, " China "is as much as home market" and will one day become the largest one for the company, Niels B. Christiansen, CEO of Danfoss, told Xinhua in an interview at the annual summit of the Global Green Growth Forum, which concluded in Copenhagen on Tuesday.

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South Korean truck giant TATA Daewoo enters Russian market

​Kaliningrad auto manufacturer Avtotor announced Tuesday the beginning of production of TATA Daewoo trucks for the Russian market, the company's CEO Alexander Sorokin confirmed to local media.

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China property investment slows further

Investment growth in China's property sector continued to slow despite easing government restrictions on the market, statistics from the National Bureau of Statistics (NBS) showed Tuesday.

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African contemporary art eyes int'l market

A major contemporary African art fair kicked off in London Thursday, with dozens of African artists seeking opportunities in Europe and beyond.

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Alibaba targets rural expansion with major investment

Chinese e-commerce giant Alibaba Group plans to invest 10 billion yuan (1.6 billion U.S. dollars) within three to five years to build thousands of facilities in rural China to tap rising demand in these areas, it announced on Monday.

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Analysts laud Zambian currency listing on Johannesburg Stock Exchange

​Analysts on Monday welcomed the listing of the Zambian currency, the Kwacha, on the Johannesburg Stock Exchange (JSE) but have cautioned that there is no need to overly be excited as this has nothing to do with the good performance of the local economy.

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HK's financial market continues to function normally

​Hong Kong's Acting Financial Secretary K C Chan said Monday that with the implementation of contingency plans by the government, Hong Kong's stock market, foreign exchange market and financial system have continued to function normally and in good order.

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EU announces further 165 mln euros of fruit, vegetable market support

​The European Commission on Monday adopted a new program worth up to 165 million euros (209 million U.S. dollars) for perishable fruit and vegetables under the Russian ban.

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Austrian real estate sector booming

​The Austrian commercial real estate market is continuing to grow steadily with no signs of overheating, CBRE Group estimating the total volume could reach a record 3.4 billion U.S. dollars for the year.

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Vietnam's bond market grows fastest in East Asia: report

The government bond market in Vietnam has witnessed an average annual increase of 23 percent over the past five years, posting the fastest growth in emerging East Asia and the ASEAN+3 regions, according to latest report of the Vietnam's State Securities Commission (SSC).

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China's four big banks allude to mortgage rule change support

China's four major commercial banks have expressed veiled support for a mortgage policy change by the central bank rumored to be launched in the near future.

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China opens gold market to foreigners

Foreigners are now have access to China's gold market after the Shanghai Gold Exchange (SGE) launched its international board on Thursday.

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S. Korea sets import rice tariff rate at 513 pct

​South Korea decided to set an import tariff rate on rice, which will be imposed from 2015 when the country's rice market is opened completely, at 513 percent, and to launch negotiations with the World Trade Organization (WTO) to conclude it, the agriculture ministry said Thursday.

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China's farm machinery reaps profits in ASEAN

China's top farming equipment manufacturers are seeking investment opportunities in Southeast Asia at the ongoing 11th China-ASEAN Expo held in Nanning in south China's Guangxi Zhuang Autonomous Region.

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MEPs debate impact of Russian ban on western agricultural produce

​Members of the European Parliament (MEPs) have this week been debating the impact of Russia's import ban on western agricultural produce.