Shanghai News
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Tiger Woods’s former caddie Steve Williams said comments he made about the golfer during an awards dinner could be “construed as racist” and apologized.
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President Barack Obama ended a two- day summit of world economic leaders with his appeals for more ambitious action to safeguard economic growth unmet by congressional leaders at home or his counterparts abroad.
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Asia stocks fell, with the regional benchmark index recording its biggest weekly retreat in six weeks, as political wrangling in Greece put a European rescue package in doubt and China’s manufacturing growth slowed.
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Asian currencies rallied, paring this week’s losses, after Greece scrapped plans for a referendum that put its bailout in jeopardy, fueling investor appetite for emerging-market assets.
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Emerging-market stocks climbed the most in a week as Greece’s decision to scrap a referendum on a bailout and a surprise interest-rate cut by the European Central Bank eased concern that the debt crisis will spread.
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A123 Systems Inc., the maker of batteries for electric vehicles, fell the most in more than a month after cutting its sales forecast on reduced orders by Fisker Automotive Inc.
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Asian stocks rose for the first time in five days as Greece scrapped a plan to hold a referendum on a bailout package and the European Central Bank cut interest rates, reducing concern the debt crisis will spur a credit crunch.
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Copper stockpiles monitored by the Shanghai Futures Exchange gained for the first time in three weeks, bourse data showed today.
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China’s interest-rate swaps had the biggest weekly decline in almost three years after the central bank added funds to the financial system.
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Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses as of the close.
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