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Christie's Hong Kong spring auction sales fall 13pc; Chinese works of art fare poorly

One sale sees fewer than half the lots knocked down, and at others a quarter or more fail to find buyers; auction house’s global president confident that sale volumes have bottomed out

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3 dead, 2 missing in heavy rain across China

Three people were killed and another two are missing after torrential rain hit many parts of China on Wednesday and Thursday.

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Google seeks to raise up to $221 million by selling Lenovo stock

Google Inc is seeking to raise between US$218 million and US$221 million by selling shares in Chinese personal computer maker Lenovo, according to a deal term sheet seen by the International Financing Review on Wednesday.

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A day in the life of Picasso: artist's same-day works up for sale

Two still life works by Pablo Picasso painted on the same day are among offerings at an upcoming London auction that also features works by Amedeo Modigliani, Claude Monet, Wassily Kandinsky and Paul Klee.

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Phone scam targets Hongkongers, exploits rocky relations between China and Philippines

Crime bosses behind an Asia-wide phone scam racket that has fleeced hundreds of Hongkongers out of HK$350 million in less than a year have shifted their operations to the Philippines as the ­regional law enforcement noose tightens.

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China to fund friendship village for Sri Lankan families affected by disaster

China announced on Tuesday it would fund the construction of a Sri Lanka-China friendship village to house families affected by the recent natural disaster.

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"Alice Through the Looking Glass" rules Chinese box office

​"Alice Through the Looking Glass" reigned the Chinese mainland's box office in the week ending May 29, earning 176 million yuan (about 26.7 million U.S. dollars) in its opening weekend.

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Reconstruction of Ruined Palace Begins in Afghan Capital

President Ashraf Ghani dedicated an ambitious reconstruction project on Monday to restore the ruins of historic Darul Aman palace, an initiative aimed at signalling a new future for the war-torn country.

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Shakespeare's Four Folios fetches £2.5m at Christie's London

Copies of William Shakespeare's first four books, dubbed the "Holy Grail of publishing", have sold for almost 2.5 million pounds ($3.67 million) at auction in London.

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China to provide 15 mln yuan worth of relief supplies to Sri Lanka

China will provide 15 million yuan (2.28 million U.S. dollars) worth of emergency supplies, including tents and folding beds, to help with flood relief in Sri Lanka, the Ministry of Commerce said on Monday.

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Vietnam suffers more explosions, fires in first 5 months

​A total of 1,552 fires and explosions broke out across Vietnam in the first five months of this year, killing 34 people and injuring 153 others, while causing property losses of some 723 billion Vietnamese dong (32.1 million U.S. dollars), the country's Fire Prevention and Fight Department said Monday.

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X-Men projected to lead North American Memorial Day weekend box office

​"X-Men: Apocalypse" is projected to top the box office during the Memorial Day weekend in North America with approximately 80 million U.S. dollars of revenue.

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Takata, short of cash, wants carmakers to share costs of its recall

Takata, the Japanese air bag maker embroiled in a huge recall, has hired the investment bank Lazard and is seeking a cash infusion.

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Shakespeare's four folios fetches 2.5 mln pounds at London auction

​Four folios of British playwright William Shakespeare were sold for nearly 2.5 million pounds (about 3.67 million U.S. dollars) at Christie's London auction on Wednesday afternoon.

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China,Switzerland take sanctions on DPRK’s import and export trade

Switzerland last week banned the sale of 25 luxury goods to DPRK that have been sought-after treats and status symbols for the elite there. As for import, China also declined the imports of DPRK's products more than 20 percent last month compared to the same period of 2015 as Beijing began to implement UN Security Council sanctions against Pyongyang.

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S. Korea posts biopharma surplus in 6 years on demand for arthritis biosimilar

​South Korea posted a surplus in biopharmaceutical products trade for the first time in six years due to strong demand for a rheumatoid arthritis biosimilar made by the country's copycat drugmaker Celltrion, a government report showed Monday.