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US: China, private banks helping to punish IranWashington (AFP) June 22, 2010 China and major international financial institutions have been increasingly willing to cut off Iran over its suspect nuclear program, top US officials assured skeptical lawmakers Tuesday. "China is increasingly aware of its own stake in effective international action against Iran and its nuclear ambitions," the number three US diplomat, William Burns, told the Senate Foreign relations Committee. But Burns, who is undersecretary of state for political affairs, conceded he was "not sure they (the ... read more |
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Beijing (AFP) June 22, 2010China again warned Tuesday its yuan exchange rate would be off-limits at the coming Group of 20 summit, urging critics of its currency policy to stop "playing the blame game." "In the previous three G20 summits, a single country's currency has never been an (agenda) topic," foreign ministry spokesman Qin Gang told reporters. "Under the current circumstances, all (G20) parties should ... ... more  
Taipei (AFP) June 21, 2010Taiwan's United Microelectronics Corp, the world's number two contract chip maker, and Japan's Elpida Memory said Monday they will develop cutting-edge 3D technologies together. Powertech Technology Inc, a Taiwanese company providing testing services, is also joining the project, the three companies said in a statement. The move comes as electronics firms move to cash in on the popularit ... more  
Beijing (AFP) June 21, 2010Torrential rains battering south and central China have left 175 people dead and forced the evacuation of 1.7 million, as washed out roads and railways hampered rescue work Monday. Premier Wen Jiabao called for greater efforts to battle flooding that has also left 107 people missing since June 13, as more rains are forecast in the next few days, the government said. "In the coming days a ... more |
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 Australia, China sign major deals, push free trade pact  Qatar and Kuwait to pump billions into AgBank IPO: report   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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China keeps yuan rate unchanged after flexibility vowBeijing (AFP) June 21, 2010 China kept the yuan exchange rate unchanged Monday, the central bank said, despite a weekend pledge by policymakers to make the currency more flexible. The People's Bank of China set the central parity rate - the centre point of the currency's allowed trading band - at 6.8275 to the dollar, unchanged from Friday, according to a statement on its website. The central bank said Saturday it would "strengthen the flexibility" of the yuan exchange rate, which some analysts saw as a sign Beijing was ... read more |
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