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IMF warns Hong Kong property faces price correction
The International Monetary Fund on Wednesday warned that Hong Kong could see an abrupt fall in property prices after years of dramatic increases in one of the world's most expensive housing markets. ... more
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BHP offloads Australia LNG interest to PetroChina
Global mining giant BHP Billiton said Wednesday it had agreed to sell its stake in the proposed Browse liquefied natural gas project in Australia to PetroChina for US$1.63 billion. ... more
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Rio sells mine stake to China-S. Africa consortium
Anglo-Australian mining giant Rio Tinto said Wednesday it had sold its majority stake in South African copper producer Palabora for US$373 million to Chinese and South African interests. ... more
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Google sells off more Motorola assets
Google has agreed to sell manufacturing operations of its Motorola Mobility unit in China and turn over management of a Brazil plant to Singapore-based Flextronics, the companies said. ... more
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