Chinese Steel Makers Cutting Production - JPM

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Wave of patriotism emboldens nation

Olympic triumphs have strengthened national pride and Beijing’s global role, academics say

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9% Growth May Trigger Radical Policy Rethink

If China’s fourth quarter economic growth slows to under 9%, current economic policies, characterized by slight adjustments, may also see some changes and China will be looking at spending big money in support of areas deemed vital to its still modernizing economy.

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Slumping Steel Demand Bodes Ill for Iron Ore, Coke Suppliers

“It only took a month for steelworks to go from hot summer to cold winter,” says Yang Siming, General manager of Nanjing Iron and Steel Co., Ltd. (Nanjing Steel), describing the steady decline of steel prices since mid-June.

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Lee Shau-kee says time is right to dive back into ‘oversold’ shares

Lee Shau-kee, who last year was touted as Asia’s Warren Buffett but who has had a mixed record of predicting the market, says Hong Kong stocks have been oversold and now is the time to buy.

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Chinese Stocks Are World’s Worst In 2008

China won the most gold at the Olympics, but the country’s stock market is in dead last.

“China’s rally is probably a 2009 event, not a 2008 event,” he said.

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Commodity hedge fund collapses

NEW YORK: The hedge fund manager Ospraie Management has said that it will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one of the biggest ever closures of a commodities-focused hedge fund.

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Clergy ‘wary of inter-faith talks’

Dr Mathews noted that Christianity in Singapore tends to be conservative, evangelical, ‘embracing an exclusivist stance’ in viewing other religions.

Shall I say elitist's attitude too, since only their believers go to heaven but non believers go to hell?

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U.S. Stocks at 25.8 Times Profit Means Rally May End

The best already may be over for the U.S. stock market this year.

“My intuition is that they are too early,” he said. “In an ordinary cycle, this should be the time to start thinking about buying. This isn’t an ordinary cycle.”

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Asia Currencies to Fall 12% on Capital Flight, ABN Amro Says

Sept. 3 (Bloomberg) -- Asian currencies could weaken another 12 percent in the next six to 12 months, with South Korea’s won at most risk, as $1 trillion of capital inflows into the region since 2001 reverse, according to ABN Amro Bank NV.

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Tibet: The Shangri-La that exists only in the West’s imagination

Since “violent Tibetan” does not fit our stereotype, our media fixed the news. While Chinese media showed extensive footage of violence and interviews with Chinese and Tibetan victims, Western media manipulated images and even showed footage from other countries (Nepal and India) in order to paint a picture of ruthless oppression by China’s government.

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Credit crisis: $716b written off, more losses to come

GENEVA: The credit crisis has forced financial firms to write down US$503 billion (S$716 billion) worth of assets, but more losses could yet come in months ahead, the top world central banking body has warned.

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Managers quitting as hedge funds take a hit

(BOSTON) Running a hedge fund was long considered the crown jewel in finance but this summer a growing number of managers have called it quits, unable or unwilling to keep going during one of the industry’s worst-ever years.

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Wall Street still irrationally exuberant

ALMOST a year into the US sub-prime crisis and equity markets around the world are still reeling from its fallout. In US dollar terms, Hong Kong’s Hang Seng Index is down 24 per cent year to date, the Straits Times Index 22 per cent, while the stock markets of China and India have dropped 52 and 36 per cent, respectively.

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World’s super-rich moving into cash: HSBC

They’re pulling out of stocks, bonds, structured products

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Is sex on the beach legal?

Two Britons have appeared in court in Dubai after allegedly having sex on a beach in the Muslim emirate. What would happen if a couple got frisky on a beach in the UK?

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Corpse-selling gang held for killing 100 frail victims in Guangdong

More than 100 disabled or elderly people may have been murdered by a gang in Puning , Guangdong province, and their corpses sold for cremation to families wanting to bury their dead.

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A Bad Summer for Stocks? This Fall Could Be Worse

Boyle has been consistent in predicting sharp stock downturns this year, and says that by October the Dow will slip below 10,000 and the S&P will tumble to 1,100 or lower, and the Nasdaq tech barometer is on its way to between 1,500 and 1,600.

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