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China industrial firms' profits jump, amid higher financing costs

Earnings for China's industrial firms surged 19.1 percent higher in June than the same time last year, a sign economic momentum remains solid even as rising borrowing costs have raised concerns.

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BRICS tax authorities ink institutional document to enhance cooperation

Tax authorities of the five BRICS countries inked a landmark document Thursday to establish a mechanism for taxation cooperation.

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No middle-income trap for China as restructuring moves forward

Makingheadwayinrestructuring,Chinaisseentohavethewillandthewaytoavoidthemiddle-incometrap.PositivechangesaretakingplaceinChina'seconomy,withsteadygrowthsupporte

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Forbes: Amazon CEO Bezos was briefly the world’s richest man

AmazonCEOJeffBezosbrieflybecametheworld’srichestmanThursdayinForbesmagazine’strackingofwealth,asstockinhise-commercecompanyhitanall-timehigh.MicrosoftfounderBil

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China industrial firms' profits jump, amid higher financing costs

EarningsforChina'sindustrialfirmssurged19.1percenthigherinJunethanthesametimelastyear,asigneconomicmomentumremainssolidevenasrisingborrowingcostshaveraisedconce

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China industrial profit growth quickens as economy gains strength

ProfitgrowthatChina'smajorindustrialfirmsgatheredpaceinJuneonstrongsalesandretreatingmaterialcosts,officialdatashowedThursday.Industrialcompanieswithannualreven

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China Huawei's first half revenue rises 15 percent, slowest in four year

China'sHuaweiTechnologiesCoLtd,oneoftheworld'slargesttelecomequipmentmakers,postedonThursdaya15percentriseinfirst-halfrevenue,theslowestgrowthfortheperiodinfour

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LG says its flagship G6 smartphone isn’t selling as well as expected

LG’smobilebusinessisinastickypatchafterthecompanyadmitteditsflagshipLGG6smartphonehasn’tsoldaswellasexpected.LGElectronicsitselfpostedabusiness-wideoperatinginc

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S. Korea's Q2 economic growth halves from previous quarter

SouthKorea'ssecond-quartereconomicgrowthalmosthalvedcomparedwiththepreviousquarterduetoweakexportsontheso-calledbasedeffectthatoffsetrecoveringprivateconsumptio

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Report: American Muslims more worried since Trump took office

Since the inauguration of President Donald Trump, the majority of American Muslims say they feel they're subject to greater discrimination due to their religious beliefs. The findings from a newly released Pew Research report stem from questions posed to American Muslims between Trump’s January 2017 inauguration and the month of May.

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Autos and energy firms boost European shares, banks held back

SupportivecrudepricesandstrongresultsfromenergyfirmsandautoscompanieshelpedEuropeansharesinchhigheronWednesday,whilebanksweretheworst-performingsectorasresultsd

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Aging population likely to cut S. Korea's overseas equities investment

SouthKorea'srapidlyagingpopulationislikelytoreducethenation'soverseasequitiesinvestmentasseniorswilllikelymovetosellassetsduetofallinglivingstandards,researcher

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Hyundai Motor's H1 profit posts double-digit fall on weak sales in China

HyundaiMotor,SouthKorea'sbiggestautomaker,postedadouble-digitfallinoperatingprofitforthefirsthalfofthisyearduemainlytoweakdemandfromChina,thecompanysaidWednesda

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Spotlight: Turks view U.S. as number one threat: survey

Turkish people perceive the United States as the number one country that poses threat to Turkey, while regarding Azerbaijan as Turkey's closest friend, according to local research.

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Indian stocks hit record, break 10,000 barrier

India'sstockmarketshitrecordhighsonTuesdaywiththeNationalStockExchange'smuch-watchedNiftyindexbreakingthepsychological10,000pointmarkforthefirsttimeastraderstak

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Taiwan's unemployment rate up in June

Taiwan's unemployment rate rose to 3.74 percent in June as new graduates poured into the job market, the island's statistics agency said Monday.

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Spotify, Warner set to clinch royalty deal by September

MusicstreamingcompanySpotifyisclosetoagreeingonanewlicensingpactwithWarnerMusic,thelastbigmusicroyaltydealitneedsbeforepushingaheadwithaUSstockmarketlisting,fou