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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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SHANGHAI/ HONG KONG, May 22- Chinese commodities firms importing everything from gold and rubber to base metals are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing's orders to rein in currency speculation.
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*Gold still trading near 2- year lows. SINGAPORE, May 22- Gold rose on Wednesday on strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
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HONG KONG, May 22- China shares ended mixed on Wednesday, with power producers extending losses on lingering concerns that potential coal import curbs could hurt margins. The CSI300 of the leading Shanghai and Shenzhen A-share listings edged up 0.1 percent.
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SHANGHAI, May 22- China's yuan rose against the dollar on Wednesday, up from Tuesday's close but slightly short of the record intra-day high struck that day, as the central bank lets the currency appreciate further.
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HONG KONG, May 22- China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial association as saying that May car sales could stay strong.
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*Gold still trading near 2- year lows. SINGAPORE, May 22- Gold edged higher on Wednesday due to strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
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*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
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SINGAPORE, May 22- London copper on Wednesday held below two week-highs hit the session before after Federal Reserve officials suggested the central bank would continue its bond-buying scheme. *Copper pushed to its highest since May 8 at $7,450 a tonne on Tuesday.
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*Iran is 4th- largest iron ore supplier to China. SHANGHAI/ LONDON, May 21- Iran's government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in sales to China, aiming to replace revenue from oil and other sources eroded by sanctions.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China, while China markets eked out a fifth straight daily gain,. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.9 percent.
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SHANGHAI, May 21- China's yuan closed up against the dollar on Tuesday after hitting a record peak as the central bank fixed the official midpoint at an all-time high, signalling the government's intention to let the Chinese currency appreciate, traders said.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. *As of 0800 GMT, Industrial and Commercial Bank of China shed 2.1 percent after Goldman Sachs ended a seven-year investment in the country's largest lender.
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*Gold briefly reclaims $1,400 on Chinese buying interest. SINGAPORE, May 21- Gold climbed off session lows on Tuesday as Chinese buyers picked up the metal, easing some pressure on bullion which has been hit by persistent outflows from exchange-traded funds and has lost nearly a fifth of its value this year.
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HONG KONG, May 21- China shares eked out a fifth-straight gain on Tuesday, as strength in technology counters outweighed lingering weakness among power producers due to concerns that potential curbs on lower quality coal imports could hurt margins. The Shanghai Composite Index ended up 0.2 percent at 2,305.1.
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SHANGHAI, May 21- China's yuan rose against the dollar on Tuesday, approaching its record high after the central bank fixed the official midpoint at an all-time high, signalling the government's intention to let the Chinese currency appreciate, traders said.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent.
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Solar stocks rose Monday after Chinese panel maker JA Solar announced a rare rise in revenue and quarterly loss far smaller than expected. JA Solar Holdings Co. Ltd., based in Shanghai, announced Monday that revenue in the first quarter rose compared with a year earlier for the first time since June of 2011, and that its loss narrowed.
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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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*Gains came in the highest Shanghai volume in almost two months. HONG KONG, May 20- Hong Kong shares jumped to their highest since early February on Monday, led by Chinese cyclical counters, as investors chased a resurgent mainland China market on their return from a Friday holiday, which posted a fourth-straight day of gains.
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SHANGHAI, May 20- China's yuan closed slightly higher on Monday after the central bank surprised the market and fixed the official midpoint almost unchanged despite a rally in the dollar. Spot yuan ended at 6.1389 against the dollar from 6.1419 at Friday's close after the People's Bank of China set the yuan's midpoint at 6.1998, almost flat from 6.1997 on Friday. "