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Australia to invest 3 bln AUD in Asia Infrastructure Investment Bank: media

​Australia will join the Asian Infrastructure Investment Bank and potentially invest 3 billion Australian dollars (2.3 billion U.S. dollars), local media reported on Friday.

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Egypt's economic meeting brings billions of USD in investments

​As the three-day Egypt Economic Development Conference (EEDC) ended on Sunday in the Red Sea resort of Sharm El-Sheikh, the total value of the investment deals agreed at the meeting hit about 60 billion U.S. dollars.

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S. Korean shares fall on Fed's rate hike concerns

​South Korean shares fell sharply Monday on concerns that the U.S. Federal Reserve may hike interest rates earlier than anticipated after better-than-expected employment data.

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Finance Minister denies 300-bln-yuan gov't spending of public funds

China's Finance Minister on Friday denied rumor that the government spent 300 billion yuan (47.9 billion U.S. dollars) on public vehicles, receptions and trips.

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China to trial Shenzhen-HK Stock Connect

China will launch Shenzhen-Hong Kong Stock Connect program on a trial basis "at an appropriate time," according to a government work report to be delivered by Premier Li Keqiang at the annual parliamentary session Thursday.

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Vietnam sees 61 mln USD trade deficit in 2 months: ministry

As of the end of February 2015, Vietnam saw a trade deficit of 61 million U.S. dollars, compared to a trade surplus of 1.35 billion U.S. dollars during the same period of 2014, according to Vietnam's Ministry of Industry and Trade (MoIT) on Tuesday.

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Luxury labels embrace "new normal" as Chinese market shrinks

Nothing could stop Chinese holidaymakers from taking overseas luxury shopping trips this Spring Festival, and no one could stop the souring romance between global luxury brands and the Chinese market.

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61 bln yuan of taxes reduced for China's small firms

Tax breaks for small and micro-sized businesses in China amounted 61.2 billion yuan (10 billion U.S. dollars) in 2014, the State Administration of Taxation (SAT) revealed.

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Guangdong: Processing trade beaten for first time in two decades

​Processing trade was beaten by general trade for the first time in more than two decades in south China's Guangdong Province last month, data released by the local customs office on Monday showed.

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Obama proposes 4 trillion USD budget for 2016

​The U.S. President Barack Obama announced a record 4 trillion-U.S.-dollar budget proposal for 2016 on Monday, as he sought to boost spending on infrastructure, education and research to make the country more competitive and strengthen the lackluster middle-class.

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Obama proposes 534 bln USD defense budget for 2016

U.S. President Barack Obama on Monday proposed a 534-billion-dollar defense budget package for fiscal year 2016, an increase of 38.2 billion dollars over the amount approved by Congress this year, and 11 billion dollars over the spending caps put in place by sequestration.

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Obama proposes 4 trillion USD budget for 2016

​The U.S. President Barack Obama announced a record 4 trillion-U.S.-dollar budget proposal for 2016 on Monday, as he sought to boost spending on infrastructure, education and research to make the country more competitive and strengthen the lackluster middle-class.

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Foreign tourists spend over 63 bln euros in Spain in 2014

Foreign tourists spent 63.094 billion euros (about 71 billion U.S. dollars) in Spain last year, Spanish Prime Minister Mariano Rajoy said on Tuesday.

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U.S. pledges 4 bln USD to enhance trade with India in 2 years

The United States has pledged 4 billion U.S. dollars to enhance trade with India over the next two years, scaling new heights in bilateral trade relations.

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Turkey gains additional 500 mln USD from Toyota to boost vehicle production

​Toyota will invest additional 500 million U.S. dollars in Turkey for its new models, private Dogan news agency reported on Saturday.

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ASEAN invests 53 bln USD in Vietnam so far: agency

​As of the end of December 2014, eight among 10 members of the Association of Southeast Asian Nations ( ASEAN) have cumulatively invested some 53 billion U.S. dollars in 2,507 projects in Vietnam.

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Xiaomi smartphone sales triple in 2014

Chinese smartphone maker Xiaomi Inc. sold 61.12 million smartphones in 2014, up 227 percent year on year, company founder and chief executive officer (CEO) Lei Jun said Sunday.