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AFP Business News
Samsung faces crisis after chairman quits: executive
AFP - Wednesday, July 2SEOUL (AFP) - - South Korea's largest business group Samsung faces a leadership crisis after its chairman quit in the wake of a scandal, the acting chairman said on Wednesday. More »
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Olympics: Beijing takes aim at counterfeit goods
AFP - Wednesday, July 2BEIJING (AFP) - - Visitors hoping to stock up on China's infamous array of counterfeit goods when they come to Beijing for the Olympics may be disappointed, with authorities carrying out a pre-Games crackdown. More »
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Shrinking profits force hundreds of Chinese shoe makers to quit
AFP - Wednesday, July 2BEIJING (AFP) - - Hundreds of shoe makers in southern China have closed down this year as profits slumped due to the rising yuan, higher costs and a weakening demand overseas, industry insiders said Tuesday. More »
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Chinese oil major CNOOC blames supply concerns for price hike
AFP - Wednesday, July 2MADRID (AFP) - - Supply and demand concerns are driving the spike in oil prices as appetite for crude in developing nations is expected to soar over the coming years, the president of Chinese oil major CNOOC said Tuesday. More »
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Thai inflation hits new 10-year high: govt
AFP - Wednesday, July 2BANGKOK (AFP) - - Thailand's inflation rate surged to a 10-year high of 8.9 percent in June, driven by sharply rising oil prices, the commerce ministry said Tuesday. More »
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Former Samsung boss, son in court together
AFP - Wednesday, July 2SEOUL (AFP) - - The former head of South Korea's biggest business group Samsung and his son appeared in court together Tuesday during the father's trial for tax evasion and breach of trust. More »
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SKorea's inflation rate near 10-year high
AFP - Tuesday, July 1SEOUL (AFP) - - South Korea's annual inflation rate was 5.5 percent in June, close to a 10-year high due to soaring prices of oil and other commodities, official figures showed on Tuesday. More »
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China's premier urges US to stabilise dollar
AFP - Tuesday, July 1BEIJING (AFP) - - Chinese Premier Wen Jiabao has again called on the United States to stabilise the dollar, warning the greenback's decline was posing threats to the global economy. More »
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SKorea's POSCO agrees to near-doubling in iron ore prices
AFP - Tuesday, July 1SEOUL (AFP) - - South Korean steel firm POSCO said Tuesday it had agreed to pay Anglo-Australian mining giant Rio Tinto at least 80 percent more for iron ore supplies. More »
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Locals grumble as G8 comes to Japan resort
AFP - Tuesday, July 1TOYAKO, Japan (AFP) - - This hot-spring resort in the mountains of northern Japan is bracing for next week's Group of Eight summit but there is a sense of unease with police deploying in force in the normally quiet town. More »
- Thai current account returns to surplus in May: central bankAFP -Tuesday, July 1
- Poverty-hit Bangladesh forced into huge fuel price hikeAFP -Tuesday, July 1
- Gulf shipper in 1.5 bln dlr deal with SamsungAFP -Tuesday, July 1
- Disney says no deal yet on Shanghai parkAFP -Monday, June 30
- Moody's upgrades Japan's debt ratingAFP -Monday, June 30
- SKorea's POSCO to buy stake in Australia coal mineAFP -Monday, June 30
- China's new turboprop rolls off production line: official mediaAFP -Monday, June 30
- ArcelorMittal to invest in 729-million-dollar China joint ventureAFP -Monday, June 30
- Mittal considering takeover of Rio Tinto: reportAFP -Monday, June 30
- SKorean police block beef protest, arrest 70: reportAFP -Monday, June 30
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