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Source: Global Times Published: May 23, 2013 23:23
Activity in China’s factory sector contracted for the first time in seven months in May, a preliminary survey showed Thursday, stoking concerns that the recovery of the Chinese economy remains fragile.
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Source: Global Times Published: May 23, 2013 23:18
Chinese solar panel manufacturers expressed strong opposition Thursday to possible punitive import duties by the EU on Chinese solar panels and urged the EU to drop its trade protectionism to avoid harming the solar industrial chain.
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Source: Global Times Published: May 23, 2013 22:33
The National Development and Reform Commission (NDRC) said Thursday that changes in international crude oil prices have failed to meet the 50 yuan ($8.15) per ton criteria during the past 10 working days, thus domestic oil products prices will remain unchanged.
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Source: Reuters Published: May 23, 2013 22:33
China may remove its floor for interest rates as early as this year, Chinese media said Thursday, an important step toward freeing the country’s tightly controlled interest rates market.
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Source: AFP Published: May 23, 2013 22:33
Italy’s exports to countries outside the European Union fell by 0.7 percent in April from the March level, dampening hopes that sales abroad will spur recovery in the recession-hit country.
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Source: AFP Published: May 23, 2013 22:33
Panicky investors dumped shares on the Tokyo market Thursday, sending the main index plunging more than 7 percent on weak Chinese data after months of sharp climbs.
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Source: Reuters Published: May 23, 2013 22:33
South Korea’s top government think tank recommended on Thursday the central bank keep monetary policy easy for the time being as the economy will likely grow much less than seen previously and inflation will hit a 14-year low.
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Source: AFP Published: May 23, 2013 22:33
Dutch meat wholesaler Willy Selten was arrested on Thursday for allegedly selling 300 tons of horsemeat labeled as beef, the public prosecutor said.
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Source: AFP Published: May 23, 2013 22:28
Singapore’s trade-sensitive economy slowed in the first quarter on sluggish demand for its exports, the government said Thursday, warning that risks remained despite improved global conditions.
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Source: Xinhua Published: May 23, 2013 18:51
China's manufacturing activity contracted in May, suggesting that economic growth is likely to keep dipping, as authorities have tightened policies over concerns of growing financial risks.
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