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  • 16 killed in northwest China coal mine collapse Saturday, 25 Oct 2014 | 4:43 AM ET

    BEIJING— A coal mine shaft collapsed in northwestern China, killing 16 miners, an official said Saturday, highlighting the persistence of safety problems in the industry despite a leveling off of demand. Thirty-three miners were in the shaft when the accident occurred, six of whom were brought out by rescuers, said an official with the State Administration of...

  • SHANGHAI, Oct 25- Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday. Carlos Ghosn, head of Japanese carmaker Nissan Motor Co Ltd and its French alliance partner Renault SA, told the same conference he was still optimistic about China's outlook.

  • 16 killed in China coal mine collapse Friday, 24 Oct 2014 | 11:05 PM ET

    BEIJING— China's official news agency says 16 coal miners were killed after their shaft collapsed in the country's northwest. Another 11 miners were injured in the disaster that struck just before midnight Friday in Tiechanggou township outside the Xinjiang regional capital of Urumqi. China's mines are among the most dangerous in the world, although...

  • After big miss, will activists circle Amazon? Friday, 24 Oct 2014 | 2:40 PM ET
    Amazon CEO Jeff Bezos discusses the Fire smartphone at a news conference in Seattle, June 18, 2014.

    Any underperforming company can come under attack from an activist investor. Hedge funds ponder whether Amazon will be targeted next.

  • DAR ES SALAAM, Oct 24- Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam- deepening Beijing's ties with East Africa. Tanzania later announced a $85 million in grants and zero-interest loans from China. The deals extend China's growing...

  • *Shanghai zinc climbs on physical shortfall in China. LONDON, Oct 24- Copper traded flat on Friday, pressured by a fifth straight month of decline in Chinese house prices, with a rise in the euro against the dollar capping falls in the metal. "Anything on a short-term basis that indicates softness in the Chinese property sector is going to be a concern, but I wouldn't...

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015".

  • BEIJING, Oct 24- China's State Council will expand the scope of private investment in key sectors, including telecoms and transport, it said on Friday, as part of measures to support the slowing economy. Premier Li Keqiang chaired a meeting of the council, China's cabinet, which decided that China would "open the door" to more areas for social investment,...

  • *Paves the way for U.N. talks in Paris next year. The EU's 2030 goal should inject momentum ahead of a U.N. summit to be hosted by Paris in 2015 to seek a global pact on curbing climate change. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, tweeted the decision gave "valuable momentum for Paris 2015.".

  • LONDON, Oct 24- Another LME Week, the annual pilgrimage of the global metals industry to London, has come and gone. It is a time-honored tradition, and on the surface at least this one was no different from those of previous years. The champagne flowed as freely as ever at the cocktail parties hosted by Triland Metals and Mitsui Bussan Commodities at the Dorchester...

  • China's president pledges $81 million in Ebola aid Friday, 24 Oct 2014 | 9:07 AM ET

    President Xi Jinping made the announcement in a meeting in Beijing with the visiting president of Tanzania, Jakaya Kikwete, the Foreign Ministry said in a statement. The 500 million yuan will be used for emergency goods, to help set up a treatment center in Liberia, and to send additional Chinese medical staff and quarantine experts to Guinea, Liberia and Sierra...

  • WHO: Millions of Ebola vaccine doses ready in 2015 Friday, 24 Oct 2014 | 8:50 AM ET

    Still, the agency warned it's not clear whether any of these will work against the deadly virus that has already killed at least 4,877 people this year in West Africa. Trials of those two most advanced vaccines— one developed by GlaxoSmithKline in cooperation with the U.S. National Institutes of Health, the other developed by the Canadian Public Health Agency...

  • Australia says missing plane hunt will take months Friday, 24 Oct 2014 | 6:57 AM ET

    KUALA LUMPUR, Malaysia— The hunt for missing Malaysia Airlines Flight 370 in a remote patch of the Indian Ocean is progressing well but will likely take many months because of the huge area involved, an Australian official said Friday. Peter Foley, an Australian search coordinator, said there is optimism with two ships using high-tech sonar devices to search for...

  • Whirlpool closes on China deal in overseas push Friday, 24 Oct 2014 | 6:56 AM ET

    BENTON HARBOR, Mich.— Whirlpool has completed its acquisition of a majority stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Co. for approximately $552 million. Whirlpool announced the transaction for a 51 percent stake in Hefei in August 2013, and less than a year later took a $1 billion stake in Italy's Indesit, as the American appliance maker...

  • *Shanghai zinc climbs on physical shortfall in China. LONDON, Oct 24- Copper, aluminum and other base metals lost ground on Friday after Chinese house prices fell for a fifth straight month, highlighting concerns about economic growth in the world's biggest metals consumer. "Anything that on a short-term basis that indicates softness in the Chinese property...

  • BEIJING, Oct 24- Apple Inc Chief Executive Tim Cook was quoted on Friday as saying he had "very open" talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a hack into Apple's iCloud service in China. Cook's China visit has been overshadowed by a report by web monitoring group Greatfire.org, which...

  • Rapid UK economic growth slows slightly in 3rd quarter. LONDON- Britain's rapid economic recovery eased as expected during the third quarter, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data shows. BRUSSELS- France and Italy make fresh commitments to reform to persuade Germany and the European...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • SHANGHAI, Oct 24- China stocks ended flat to lower on Friday, as sentiment remained fragile amid concerns over the slowing economy. For the week, the Shanghai index was down 1.6 percent, its biggest weekly loss since the week ended June 20. Great Wall Motor fell 6.7 percent after China's biggest maker of sport utility vehicles reported a 22 percent decline in its...

  • BANGALORE, Oct 24- Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. Estimates for 2015 GDP growth were either cut or left unchanged for nine Asian countries in the latest poll of over 200...