China News
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Sinopec Says BP Declined Offer to Buy Some `Good Assets' After Gulf Spill
China Petroleum & Chemical Corp. , Asia’s biggest refiner, said BP Plc declined an offer by the Chinese company to buy some of its assets.
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Chalco Shares Rise on $1.35 Billlion Investment in Guinea Iron Ore Project
Aluminum Corp. of China Ltd. , the nation’s biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a stake in Rio Tinto Group’s Simandou iron ore project in Guinea.
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Li Ka-shing Companies Bid $9.1 Billion for EDF's U.K. Unit
A group led by Hong Kong billionaire Li Ka-shing ’s Cheung Kong Infrastructure Holdings Ltd. has offered to buy Electricite de France SA’s U.K. power networks unit for 5.8 billion pounds ($9.1 billion).
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China's Stocks Decline, Paring Biggest Monthly Gain in a Year, on Earnings
China’s stocks dropped, paring the benchmark index’s biggest monthly advance in a year, on concern recent gains were excessive relative to earnings prospects.
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