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Asia/Pacific

Aerial View Of The CTA Green Line Route

China’s State Backed CRR Corp. Unit Bags $1.3 Billion Chicago Rail Car Contract

Chicago Transport Authority has planned to replace 2,600 age old rail cars with 846 units of 7000-Series cars. CTA has awarded the $1.3 billion deal, the largest purchase in its history to a unit of CRR Corp. on Wednesday. Chinese companies have been awarded the second major deal following $567 million contract to supply trains for Boston’s subway system.

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Opening Day Of The World Economic Forum (WEF) 2016

India Affixes Cap On Royalty Fees For Gene Modified Cotton Seeds

MMB patented gene modified seeds are capable of secreting anti pest protein. However, the seed giant is accused of charging higher royalty fees exerting undue dominance in the seed market. Upon complaints from respective trade body, the Indian agriculture ministry has imposed ceiling for royalties on gene modified cotton seeds.

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Indian Parliament Winter Session 2014

Diageo confirms $40-mln payment to Vijay Mallya

Diagio Plc, British liquor major, says it paid $40 million to trouble-ridden Indian businessman Vijay Mallya. This comes close on the heels of an order by Debt Recovery Tribunal (DRT) not to pay Mallya any amount.

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JAPAN-STOCKS

China stocks decline, but trim losses

China's stocks fell for a second session, but managed to pare early losses on buying support from state-backed institutions. However, the buying support from state-backed funds renewed concerns that inflation is rising.

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Citigroup Inc. Bank Branches Ahead Of Earnings Figures

Citigroup sets up new group for rich investors

Citigroup has established a new asset management group to offer varied solutions and services to richest investors across the world. The new global asset management group will function within investment banking business and it'll bring several segments together.

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The New 'Napa' in North Japan Spurned Since Nuclear Disaster

Japan Will Promote Wine-Tourism Industry to Revive Economy in Disaster Zone

As Japan tried to revive economy in northeastern area after devastating tsunami and earthquake, winery is considered a good solution. Winery is pioneered in Miyagi prefecture to boost economy in disaster zone.

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Community

Silicon Valley Accelerator 500 Startups Allocated $10 Million Fund for Vietnam Startups

500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.

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Asian Infrastructure Investment Bank Opening Ceremony

Chinese Venture Funds Grows Up To $338 Billion, Appear As The World’s Biggest Pot of Fund

The state backed venture funds of China have raised around ¥1.5 trillion ($231 billion) during 2015. The local fund managers are working to collect another ¥2 trillion which seems to be impossible to handle. Shortage of skilled fund managers and eligible startups has been analyzed as the major hurdles in managing such huge funds.

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JAPAN-STOCKS

Asian Stocks Fell due to Oil Prices and Weak Outlook on China

Asian stock market dropped starting Monday after three weeks rally. Concern over oil prices and economic outlook of China triggered the drop.

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Inside The CP+ Camera and Photo Imaging Show 2016

Canon, Biggest Contender for Toshiba Medical Unit, Offers $6.2 Billion

It's a race for Toshiba Medical Unit between Canon, Fujifilm Holdings, Konica Minolta and Permira Holdings. Nikkei said Canon has the highest bid amounting to $6.2 billion. Whoever the winner is, will be decided on Wednesday.

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Manufacturing Of ZTE Corp. Products And Views Inside The Company's Headquarters

US Imposed Sanctions on ZTE Corp for Export Violation to Iran

U.S. Commerce Department puts export restriction on ZTE for violating export restriction to Iran. Starting Tuesday, ZTE will not be able to acquire U.S. products without export license

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General Views Of The Reserve Bank of Australia Headquarters Ahead Of Policy Decision

Australia adjusting from mining-led economy

Australian economy was picking up pace during the fourth quarter. The commodity-based economy witnessed an annualized growth rate of three percent, fastest in two years, as against the forecast of 2.5 percent.

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Fortescue Metals Group Ltd. Chief Executive Officer Nev Power Speaks At Mines And Money

Vale Ties Up With Fortescue Possibly To Develop Mixed Blend Iron Ore Plant In China

Brazilian iron ore miner Vale and Australian miner Fortescue, both have reduced their debt burdens significantly through disposing less prospective assets. Under such situations, news for tying up with each other seems to be unusual. But analysts observe the move as highly strategic to cope up with the market situation.

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Russian Prime Minister Dmitry Medvedev Visits China

China aims 7% economic growth in 2016

China is targeting seven percent gross domestic product (GDP) growth rate for 2016. The Chinese government is keen on real growth prospects over restructuring exercise this year, while avoiding inflating debt or asset bubbles.

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Inside Tokyo Game Show 2015

Gree Acquires Yinlong, Expands Home Appliance Business To Electric Car Manufacturing

Gree, the largest Chinese air conditioner maker has been witnessing sluggish growth in its home appliance business. The home appliance manufacturer has announced on Monday acquiring electric vehicle manufacturing company Yinlong New Energy Co. Through this acquisition, another giant steps into the emerging electric car market.

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