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Asia News from The Wall Street Journal Online

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Asia News from The Wall Street Journal Online Tue - Oct, 18 2011

Channel Title: WSJ.com: What's News Asia
Channel Website: http://online.wsj.com

Channel Description: What's News Asia

Channel Copyright: copyright © 2011 Dow Jones & Company, Inc.

 
China's Economic Growth Slows
China's economic growth slowed in the third quarter but remained at a relatively healthy pace, adding to evidence that the Chinese economy is headed for a soft landing.
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France's Credit Rating Under Pressure
France's ability to support troubled euro zone countries was challenged as the government acknowledged it is unlikely to meet its growth forecast next year and Moody's Investors Service said the stable outlook on its prized triple-A credit rating was under pressure.
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Israeli Soldier Released in Prisoner Swap
The Hamas militant group released an Israeli soldier more than five years after his capture, turning him over to Egyptian mediators in exchange for hundreds of Palestinian prisoners.
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Olympus Shares Plummet
Olympus shares plunged after its ousted CEO raised questions over fees paid for acquisitions. The Japanese imaging-equipment maker said the fees weren't exorbitant.
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India Raises Its Game in Burma
India has long stood in China's shadow when it comes to investing in Myanmar. But there are signs of change as India more aggressively pushes its "Look East" policy to balance China's influence in Asia.
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Europe Doubts Dent Asia Markets
Asian stocks ended sharply lower as Germany tempered expectations that euro-zone debt crisis can be completely resolved this week and Chinese data spurred slowdown concerns; Hong Kong's Hang Seng led the way with a 4.2% dive.
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Wal-Mart China Woes Add Up
Wal-Mart Stores said the CEO of its China operations and its senior vice president for human resources there have left the company, which is facing unprecedented regulatory challenges in a key growth market.
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Richard Kinder: New Energy Patch King
Running pipelines may not sound as sexy as wildcatting for oil, but Richard Kinder has made a fortune showing how lucrative it can be.
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Traders Warn of Market Cracks
Amid the wild swings of the past few weeks, cracks are appearing deep in the workings of the stock market that some professional investors say are making the market treacherous to trade.
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HTC Takes a Blow in Apple Fight
The International Trade Commission ruled Apple didn't violate HTC's patents for technology used in its mobile devices, a setback for the Taiwanese company in the global battle over the smartphone market.
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Sinohydro Shares Halted on Debut
State-owned Sinohydro Group made a surprisingly strong debut in Shanghai on Tuesday because of speculative buying early in the session, but its shares ended well below their intraday peak because of broader market weakness.
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Chevron Drilling off South China Coast By Year-End
Chevron plans to start drilling its first gas exploration well off the southern coast of China before the end of the year, near an area where large gas reserves have been found.
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Merkel Tempers EU Summit Hopes
As investors look toward a meeting of European leaders for a sweeping solution to Europe's debt crisis, a spokesman for German Chancellor Angela Merkel warned against hoping that all the euro-zone's debt woes would be resolved by then.
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China Baotou to Pause Rare Earth Operations
Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech said that it would suspend smelting and separation work for a month starting Wednesday in a bid to "stabilize the market."
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Sabic's Net Profit Jumps 54%
Saudi Basic Industries Corp., or Sabic, said its third-quarter net profit surged 54%, beating expectations, as output and sales volumes increased and product prices improved.
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Telstra Investors Approve Internet Deal
Telstra Corp. shareholders voted for the company to participate in the federal government's plan to roll out high speed Internet around the country, in a deal worth $11.2 billion.
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Floods Soak New Thai Government
Recriminations over the handling of Thailand's worst floods in half a century are causing fresh setbacks for Prime Minister Yingluck Shinawatra's fledgling government.
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Opposition Leader Arrested in Uganda
Ugandan police arrested the country's main opposition leader, Kizza Besigye, on the second day of nationwide antigovernment protests called to highlight the worsening economic situation and corruption, witnesses and police said.
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New Zealand Ship Spills More Oil
A stranded cargo vessel off New Zealand has spilled more oil into the ocean, as efforts to pump the remaining oil off the ship are hampered by bad weather.
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Help Wanted: a Good Therapist
The search for the right therapist can be baffling?and it comes at a time when would-be patients are feeling most vulnerable. Some advice on how to seek treatment and assess if it's working.
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