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Chinese banks' forex sales narrow in April

Chinese banks saw 23.7 billion U.S. dollars of net foreign exchange sales in April, down from March, official data showed Monday.

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Japan's lower house passes extra budget to help quake-hit southwest' s recovery

​Japan's lower house of parliament on Monday passed a 778 billion yen (7.15 billion U.S. dollars) extra budget for fiscal 2016 with the funds earmarked for the reconstruction and restoration of regions in the southwest that were rocked by earthquakes last month.

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Chinese tourists' overseas spending ranks first in the world

The latest data released by the World Tourism Organization (WTO) shows that China'srevenue from international tourism in 2015 amounted to $11.4 billion, taking Spain's formerranking as second in the world. The US remains first with $17.8 billion.

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Google faces record 3 billion euro EU antitrust fine: Telegraph

Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.

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Flooding causes 59 deaths, 13 missing in China

Flooding has resulted in the death of 59 people this year, with 13 unaccounted for, the State Flood Control and Drought Relief Headquarters has said.

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Quake-hit Nepal unveils reconstruction plan, costs to exceed 8 bln dollars

​Nepal's government on Thursday unveiled a five-year work plan on post-quake reconstruction and rehabilitation. Nepalese Prime Minister KP Sharma Oli unveiled the plan which provides outline on how reconstruction works would be carried out.

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Jack Ma's PayPal Rival just closed the single largest funding round for a tech company, EVER​

Ant Financial, which owns payments processor Alipay, is now valued at Uber-like levels.

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Apple reports first quarterly sales drop since 2003 as iPhone stumbles

Tech giant misses expectations for profit, revenue, but CEO dismisses concerns that it is in decline

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Alibaba affiliate Ant Financial raises $4.5 billion in largest private tech funding round

Ant Financial Services Group, the financial-services affiliate of e-commerce giant Alibaba Group Holding, closed the world’s largest private fundraising round for an Internet company at $4.5 billion

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Dairy price collapse drives seven-year high New Zealand trade deficit

​New Zealand's trade deficit in the year to the end of March rose to its highest figure in almost seven years on the back of plunging dairy prices, the government statistics agency said Wednesday.

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Foxconn agrees to buy Japan's Sharp Corp. at reduced price

The Taiwanese company that assembles Apple's iPhones agreed Wednesday to buy control of financially struggling Sharp Corp. for $3.5 billion (389 billion yen) in the first takeover of a major Japanese electronics producer by a foreign company.

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Beijing Int'l Film Festival to screen 500 movies

Around 500 films will be put on screen during the sixth Beijing International Film Festival (BJIFF), which will open on April 16.

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India overtakes China in direct investment by US

The data released by US Treasury shows India makes up 1.8% of US foreign equity holdings as on December 2015 as against 1.6% of China.

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China Coal Energy Company sees huge loss in 2015

China Coal Energy Co. posted a huge loss and shrinking revenue in 2015 as the saturated coal industry has begun to bite into corporate profitability.

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Xinjiang's textile industry to get new support measures

The government of northwest China's Xinjiang Uygur Autonomous Region has promised policies including rent-free factories and favorable loan deals to boost the local textile industry and create 11,000 jobs this year.

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Hong Kong insurers post 30% premium income growth despite curbs

Hong Kong insurers posted HK$32.6 billion (US$4.2 billion) in premium income from Chinese clients in 2015, up 29.5 percent from a year earlier.