Emerging Markets News
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Emerging-market stocks rose from a five-month low as Premier Wen Jiabao said China should focus more on supporting the economy, spurring gains in commodities and offsetting concern Europe’s debt crisis will worsen.
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Nguyen Thi Ha sighs as she looks at the dust and cobwebs covering crates full of colorful, enameled tiles in her factory by Hanoi’s Red River.
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India’s government, forced to scrap plans to reduce subsidies after a popular backlash, is being compelled by investors to cut spending after the premium on sovereign debt approached a record and the rupee slumped.
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Alibaba Group Holding Ltd., China’s largest e-commerce provider, agreed to repurchase about a 20 percent stake in itself from U.S. Web portal Yahoo! Inc. for about $7.1 billion ahead of a potential initial public offering.
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