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<title>People's Daily Online</title>
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<description>People's Daily Online</description>
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<item>
<title><![CDATA[Total eyes oil production rise in Congo by year-end ]]></title>
<news_id>6806783</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806783.html ]]></link>
<pubDate>2009-11-07 17:06:43</pubDate>
<description><![CDATA[French company Total, the top oil operator in the Republic of Congo, plans to increase its production by at least 20 percent by the year-end, the state radio reported on Friday.       "The prospects in matters of petroleum production are good. At the end of the year Congo will be able to produce 300,000 barrels per day," the director of Total in Congo, Jacques Azibert, declared after having a meeting with the Congolese minister of economy and planning, Pierre Moussa.       With an output est ...]]></description>
<full-text><![CDATA[French company Total, the top oil operator in the Republic of Congo, plans to increase its production by at least 20 percent by the year-end, the state radio reported on Friday.       "The prospects in matters of petroleum production are good. At the end of the year Congo will be able to produce 300,000 barrels per day," the director of Total in Congo, Jacques Azibert, declared after having a meeting with the Congolese minister of economy and planning, Pierre Moussa.       With an output estimated at 250,000 barrels per day in the central African country, Total eyes the production rise based on the May 2008 discovery of a new oil field in Moho Bilondo, which is expected to produce up to 90,000 barrels per day.       "This is so remarkable because Congo had not reached this level for a long time," Azibert said, adding that the price of a barrel is currently fluctuating between 60 U. S. dollars and 80 dollars.       The Republic of Congo is the fourth producer of the black gold in the sub-Saharan Africa after Angola, Nigeria, and Equatorial Guinea.       The industry represents its first export earnings and contributes more than 80 percent of the state budget.       NGOs say, however, the natural resource has not helped Congo since more than half of its 3.6 million people still live below the poverty line and survive on less than one dollar a day.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Total eyes oil production rise in Congo by year-end ]]></title>
<news_id>6806783</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806783.html ]]></link>
<pubDate>2009-11-07 17:06:43</pubDate>
<description><![CDATA[French company Total, the top oil operator in the Republic of Congo, plans to increase its production by at least 20 percent by the year-end, the state radio reported on Friday.       "The prospects in matters of petroleum production are good. At the end of the year Congo will be able to produce 300,000 barrels per day," the director of Total in Congo, Jacques Azibert, declared after having a meeting with the Congolese minister of economy and planning, Pierre Moussa.       With an output est ...]]></description>
<full-text><![CDATA[French company Total, the top oil operator in the Republic of Congo, plans to increase its production by at least 20 percent by the year-end, the state radio reported on Friday.       "The prospects in matters of petroleum production are good. At the end of the year Congo will be able to produce 300,000 barrels per day," the director of Total in Congo, Jacques Azibert, declared after having a meeting with the Congolese minister of economy and planning, Pierre Moussa.       With an output estimated at 250,000 barrels per day in the central African country, Total eyes the production rise based on the May 2008 discovery of a new oil field in Moho Bilondo, which is expected to produce up to 90,000 barrels per day.       "This is so remarkable because Congo had not reached this level for a long time," Azibert said, adding that the price of a barrel is currently fluctuating between 60 U. S. dollars and 80 dollars.       The Republic of Congo is the fourth producer of the black gold in the sub-Saharan Africa after Angola, Nigeria, and Equatorial Guinea.       The industry represents its first export earnings and contributes more than 80 percent of the state budget.       NGOs say, however, the natural resource has not helped Congo since more than half of its 3.6 million people still live below the poverty line and survive on less than one dollar a day.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Inter-American Development Bank supports biomass power project in Chile ]]></title>
<news_id>6806782</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806782.html ]]></link>
<pubDate>2009-11-07 17:04:51</pubDate>
<description><![CDATA[The Inter-American Development Bank (IDB) approved a loan of 6.5 million U.S. dollars on Friday to build a 15.6-megawatt biomass power plant in Chile.       The plant, which will use agricultural, forestry and industrial waste as fuel, would have almost zero carbon dioxide emissions and thus meet the strict international environmental standards, the IDB said.       The plant will be located near a paper manufacturer, Compania Papelera del Pacifico (CPP), some 60 km south of the capital Santi ...]]></description>
<full-text><![CDATA[The Inter-American Development Bank (IDB) approved a loan of 6.5 million U.S. dollars on Friday to build a 15.6-megawatt biomass power plant in Chile.       The plant, which will use agricultural, forestry and industrial waste as fuel, would have almost zero carbon dioxide emissions and thus meet the strict international environmental standards, the IDB said.       The plant will be located near a paper manufacturer, Compania Papelera del Pacifico (CPP), some 60 km south of the capital Santiago.       The CPP will purchase almost half of the electricity and all of the steam produced by the plant. It is expected to start going into operation by the end of 2010.       Two other companies, Coipsa and Tirsa, will supply the biomass for the new plant, buying waste from vineyards, sawmills and packing plants in the surrounding region.       "Promoting renewable energies and competitiveness of the Latin American companies are top priorities for the IDB," said Jaime Sujoy, IDB representative in Chile.       Through a grant of technical cooperation from the IDB Sustainable Energy and Climate Change Initiative, the project will also seek to obtain bonuses for low carbon from the United Nations Clean Development Mechanism.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Inter-American Development Bank supports biomass power project in Chile ]]></title>
<news_id>6806782</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806782.html ]]></link>
<pubDate>2009-11-07 17:04:51</pubDate>
<description><![CDATA[The Inter-American Development Bank (IDB) approved a loan of 6.5 million U.S. dollars on Friday to build a 15.6-megawatt biomass power plant in Chile.       The plant, which will use agricultural, forestry and industrial waste as fuel, would have almost zero carbon dioxide emissions and thus meet the strict international environmental standards, the IDB said.       The plant will be located near a paper manufacturer, Compania Papelera del Pacifico (CPP), some 60 km south of the capital Santi ...]]></description>
<full-text><![CDATA[The Inter-American Development Bank (IDB) approved a loan of 6.5 million U.S. dollars on Friday to build a 15.6-megawatt biomass power plant in Chile.       The plant, which will use agricultural, forestry and industrial waste as fuel, would have almost zero carbon dioxide emissions and thus meet the strict international environmental standards, the IDB said.       The plant will be located near a paper manufacturer, Compania Papelera del Pacifico (CPP), some 60 km south of the capital Santiago.       The CPP will purchase almost half of the electricity and all of the steam produced by the plant. It is expected to start going into operation by the end of 2010.       Two other companies, Coipsa and Tirsa, will supply the biomass for the new plant, buying waste from vineyards, sawmills and packing plants in the surrounding region.       "Promoting renewable energies and competitiveness of the Latin American companies are top priorities for the IDB," said Jaime Sujoy, IDB representative in Chile.       Through a grant of technical cooperation from the IDB Sustainable Energy and Climate Change Initiative, the project will also seek to obtain bonuses for low carbon from the United Nations Clean Development Mechanism.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Brazil biofuel producers hail government's proposal of 20% biodiesel blend by 2015 ]]></title>
<news_id>6806781</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806781.html ]]></link>
<pubDate>2009-11-07 17:03:54</pubDate>
<description><![CDATA[Biodiesel producers in Brazil cheered the government's proposal to gradually increase the amount of biodiesel in diesel fuel to 20 percent in big cities by 2015.       Sergio Beltrao, head of the Brazilian Biodiesel Union, told a press conference that their producers' plants would be able to provide the new biofuel as of 2010, which would mean an increase of 2,500 million liters.       The union is an association of producers and researchers of biofuels.       The increase in the 20-percen ...]]></description>
<full-text><![CDATA[Biodiesel producers in Brazil cheered the government's proposal to gradually increase the amount of biodiesel in diesel fuel to 20 percent in big cities by 2015.       Sergio Beltrao, head of the Brazilian Biodiesel Union, told a press conference that their producers' plants would be able to provide the new biofuel as of 2010, which would mean an increase of 2,500 million liters.       The union is an association of producers and researchers of biofuels.       The increase in the 20-percent mixture in cities that suffer from pollution would help the government to reduce diesel sulfur levels, Beltrao said.       He remarked that the biofuel sector was able to produce 5,000 million liters per year, but half of the installed capacity was idle for lack of demand.       The union expected that, besides big cities, 10 percent of biodiesel would be added to diesel across Brazil from 2015. To implement these proposals would require changes in the sector's regulatory framework, he added.       The Brazilian government announced in October that as of January 2010, the diesel fuel vehicles in the country would be required to run on a 5-percent biodiesel blend.       If so, Brazil will surpass the United States and France to become the second largest biodiesel producer after Germany.       Brazil started its large-scale biodiesel production in 2003, after President Luiz Inacio Lula da Silva started his first presidential term.       This has enabled an expansion of the Brazilian biodiesel market, with 43 plants in operation today and production capacity currently at 3.6 million liters per year.       In 2009, Brazil's total biodiesel production was expected to reach 1,800 million liters, according to the Ministry of Mines and Energy, which has predicted that the South American country would produce between 2,400 and 2,600 million liters of biofuel by 2010.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Brazil biofuel producers hail government's proposal of 20% biodiesel blend by 2015 ]]></title>
<news_id>6806781</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806781.html ]]></link>
<pubDate>2009-11-07 17:03:54</pubDate>
<description><![CDATA[Biodiesel producers in Brazil cheered the government's proposal to gradually increase the amount of biodiesel in diesel fuel to 20 percent in big cities by 2015.       Sergio Beltrao, head of the Brazilian Biodiesel Union, told a press conference that their producers' plants would be able to provide the new biofuel as of 2010, which would mean an increase of 2,500 million liters.       The union is an association of producers and researchers of biofuels.       The increase in the 20-percen ...]]></description>
<full-text><![CDATA[Biodiesel producers in Brazil cheered the government's proposal to gradually increase the amount of biodiesel in diesel fuel to 20 percent in big cities by 2015.       Sergio Beltrao, head of the Brazilian Biodiesel Union, told a press conference that their producers' plants would be able to provide the new biofuel as of 2010, which would mean an increase of 2,500 million liters.       The union is an association of producers and researchers of biofuels.       The increase in the 20-percent mixture in cities that suffer from pollution would help the government to reduce diesel sulfur levels, Beltrao said.       He remarked that the biofuel sector was able to produce 5,000 million liters per year, but half of the installed capacity was idle for lack of demand.       The union expected that, besides big cities, 10 percent of biodiesel would be added to diesel across Brazil from 2015. To implement these proposals would require changes in the sector's regulatory framework, he added.       The Brazilian government announced in October that as of January 2010, the diesel fuel vehicles in the country would be required to run on a 5-percent biodiesel blend.       If so, Brazil will surpass the United States and France to become the second largest biodiesel producer after Germany.       Brazil started its large-scale biodiesel production in 2003, after President Luiz Inacio Lula da Silva started his first presidential term.       This has enabled an expansion of the Brazilian biodiesel market, with 43 plants in operation today and production capacity currently at 3.6 million liters per year.       In 2009, Brazil's total biodiesel production was expected to reach 1,800 million liters, according to the Ministry of Mines and Energy, which has predicted that the South American country would produce between 2,400 and 2,600 million liters of biofuel by 2010.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Vietnam signals change in economic policy ]]></title>
<news_id>6806780</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806780.html ]]></link>
<pubDate>2009-11-07 17:02:32</pubDate>
<description><![CDATA[Vietnam is manifesting some signs for change in its economic policy in view of the pickup of the world economy and increasing fiscal deficit.       At a recent monthly government meeting, Vietnam has decided to extend the subsidized loan program, a highlight of the existing stimulus, but with a lower interest rate subsidy and primarily for export-oriented companies.       Officials also decided to end the tax reduction scheme after it expires on Dec. 31. It did not reveal any more large gove ...]]></description>
<full-text><![CDATA[Vietnam is manifesting some signs for change in its economic policy in view of the pickup of the world economy and increasing fiscal deficit.       At a recent monthly government meeting, Vietnam has decided to extend the subsidized loan program, a highlight of the existing stimulus, but with a lower interest rate subsidy and primarily for export-oriented companies.       Officials also decided to end the tax reduction scheme after it expires on Dec. 31. It did not reveal any more large government-invested projects in the coming months.       The meeting sent out the message that the Vietnamese government wants a change in its economic policy with growing pressure from fiscal deficit. The focus of the government is shifting from stimulating economy through government spending during the economic downturn to reviving the country's export-driven industry as the global situation turns better.       Vietnam's economy grew 4.6 percent year-on-year in the first nine months, thanks to the eight-billion-U.S.-dollar stimulus package. The growth was remarkable when some other regional economies are contracting or recovering slowly.       But accompanying the remarkable result is the government's increasing fiscal deficit. Revenues fell in line with the slowdown in economic activity, lower oil prices and various tax breaks. Meanwhile, spending went up substantially because of stimulus expenditure measures and government commitments to social welfare.       According to figures released by the World Bank this week, the fiscal deficit of Vietnam is expected to widen to 9.4 percent of GDP in 2009, which raised concerns.       At this point, proper economic policy for next year is crucial to Vietnam's recently emerging but fragile recovery. It remains challenging to strike a balance between growth and stability.       Taking a look at changes in the domestic and international market will help people better understand the situation in Vietnam and Vietnamese government's position.       Following the outbreak of the world financial crisis, Vietnam saw its export, which usually contributes to 70 percent of the national GDP, collapse. The country has to resort to investment and consumption measures to sustain economic growth.       Thanks to pushing forward economic reforms and international integration in the past 20-plus years, Vietnam has accumulated wealth and expertise to cope with the challenges.       The Vietnamese government quickly launched an eight-billion-U.S.-dollar fiscal package. The program financed large investment project from state budget, provided interest subsidy to company loans, reduce taxes and support low-income families.       As a result, although exports fell by 14.4 percent in the first three quarters over a year earlier, Vietnam's GDP registered a 4.6 percent year-on-year growth during this period.       A World Bank report earlier this week said Vietnam has "navigated the crisis relatively well."       With recovery of the global economy, Vietnam's exports are slowly picking up in recent months. In the context, the government said that companies which produce export items and employ a large workforce will have more chances to access to loans and the government will provide a 2 percent interest rate subsidy&amp;nb ]]></full-text>
</item>
<item>
<title><![CDATA[Vietnam signals change in economic policy ]]></title>
<news_id>6806780</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806780.html ]]></link>
<pubDate>2009-11-07 17:02:32</pubDate>
<description><![CDATA[Vietnam is manifesting some signs for change in its economic policy in view of the pickup of the world economy and increasing fiscal deficit.       At a recent monthly government meeting, Vietnam has decided to extend the subsidized loan program, a highlight of the existing stimulus, but with a lower interest rate subsidy and primarily for export-oriented companies.       Officials also decided to end the tax reduction scheme after it expires on Dec. 31. It did not reveal any more large gove ...]]></description>
<full-text><![CDATA[Vietnam is manifesting some signs for change in its economic policy in view of the pickup of the world economy and increasing fiscal deficit.       At a recent monthly government meeting, Vietnam has decided to extend the subsidized loan program, a highlight of the existing stimulus, but with a lower interest rate subsidy and primarily for export-oriented companies.       Officials also decided to end the tax reduction scheme after it expires on Dec. 31. It did not reveal any more large government-invested projects in the coming months.       The meeting sent out the message that the Vietnamese government wants a change in its economic policy with growing pressure from fiscal deficit. The focus of the government is shifting from stimulating economy through government spending during the economic downturn to reviving the country's export-driven industry as the global situation turns better.       Vietnam's economy grew 4.6 percent year-on-year in the first nine months, thanks to the eight-billion-U.S.-dollar stimulus package. The growth was remarkable when some other regional economies are contracting or recovering slowly.       But accompanying the remarkable result is the government's increasing fiscal deficit. Revenues fell in line with the slowdown in economic activity, lower oil prices and various tax breaks. Meanwhile, spending went up substantially because of stimulus expenditure measures and government commitments to social welfare.       According to figures released by the World Bank this week, the fiscal deficit of Vietnam is expected to widen to 9.4 percent of GDP in 2009, which raised concerns.       At this point, proper economic policy for next year is crucial to Vietnam's recently emerging but fragile recovery. It remains challenging to strike a balance between growth and stability.       Taking a look at changes in the domestic and international market will help people better understand the situation in Vietnam and Vietnamese government's position.       Following the outbreak of the world financial crisis, Vietnam saw its export, which usually contributes to 70 percent of the national GDP, collapse. The country has to resort to investment and consumption measures to sustain economic growth.       Thanks to pushing forward economic reforms and international integration in the past 20-plus years, Vietnam has accumulated wealth and expertise to cope with the challenges.       The Vietnamese government quickly launched an eight-billion-U.S.-dollar fiscal package. The program financed large investment project from state budget, provided interest subsidy to company loans, reduce taxes and support low-income families.       As a result, although exports fell by 14.4 percent in the first three quarters over a year earlier, Vietnam's GDP registered a 4.6 percent year-on-year growth during this period.       A World Bank report earlier this week said Vietnam has "navigated the crisis relatively well."       With recovery of the global economy, Vietnam's exports are slowly picking up in recent months. In the context, the government said that companies which produce export items and employ a large workforce will have more chances to access to loans and the government will provide a 2 percent interest rate subsidy&amp;nb ]]></full-text>
</item>
<item>
<title><![CDATA[Indonesia's economic growth to reach 4% in Q3: experts ]]></title>
<news_id>6806779</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806779.html ]]></link>
<pubDate>2009-11-07 17:01:32</pubDate>
<description><![CDATA[Indonesian economists estimated that the country's economic growth would reach 3.9-4 percent in the third quarter, lower than the government's initial estimation of 4.1-4.2 percent, local media reported here on Saturday.       "We expected economic growth to have accelerated in the third quarter this year to 4.05 percent on year-on-year basis," Bank Danamon Economists Anton Gunawan and Helmi Arman said, adding that consumption, investment and export growth may have improved.       They said  ...]]></description>
<full-text><![CDATA[Indonesian economists estimated that the country's economic growth would reach 3.9-4 percent in the third quarter, lower than the government's initial estimation of 4.1-4.2 percent, local media reported here on Saturday.       "We expected economic growth to have accelerated in the third quarter this year to 4.05 percent on year-on-year basis," Bank Danamon Economists Anton Gunawan and Helmi Arman said, adding that consumption, investment and export growth may have improved.       They said year-on-year growth in investment might have started to increase in the third quarter this year, as cement consumption and commercial vehicle sales had risen.       They also said that household spending might have increased tooas retail sales growth had climbed.       Earlier reports said that Finance Minister Sri Mulyani upgraded the government's economic growth estimation to a range of 4.6-4.7 percent in the final quarter this year with Q3 growth estimation ranging from 4.1 to 4.2 percent.       Sri said that Indonesian economic might have encountered slow growth in the third quarter due to high year basis. According to the finance minister, the full-year growth may reach 4.3 percent.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Indonesia's economic growth to reach 4% in Q3: experts ]]></title>
<news_id>6806779</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806779.html ]]></link>
<pubDate>2009-11-07 17:01:32</pubDate>
<description><![CDATA[Indonesian economists estimated that the country's economic growth would reach 3.9-4 percent in the third quarter, lower than the government's initial estimation of 4.1-4.2 percent, local media reported here on Saturday.       "We expected economic growth to have accelerated in the third quarter this year to 4.05 percent on year-on-year basis," Bank Danamon Economists Anton Gunawan and Helmi Arman said, adding that consumption, investment and export growth may have improved.       They said  ...]]></description>
<full-text><![CDATA[Indonesian economists estimated that the country's economic growth would reach 3.9-4 percent in the third quarter, lower than the government's initial estimation of 4.1-4.2 percent, local media reported here on Saturday.       "We expected economic growth to have accelerated in the third quarter this year to 4.05 percent on year-on-year basis," Bank Danamon Economists Anton Gunawan and Helmi Arman said, adding that consumption, investment and export growth may have improved.       They said year-on-year growth in investment might have started to increase in the third quarter this year, as cement consumption and commercial vehicle sales had risen.       They also said that household spending might have increased tooas retail sales growth had climbed.       Earlier reports said that Finance Minister Sri Mulyani upgraded the government's economic growth estimation to a range of 4.6-4.7 percent in the final quarter this year with Q3 growth estimation ranging from 4.1 to 4.2 percent.       Sri said that Indonesian economic might have encountered slow growth in the third quarter due to high year basis. According to the finance minister, the full-year growth may reach 4.3 percent.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Indonesia's economic growth to reach 8% by 2014: minister ]]></title>
<news_id>6806778</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806778.html ]]></link>
<pubDate>2009-11-07 17:00:41</pubDate>
<description><![CDATA[State Minister for National Development Planning (Bappenas) affairs Armida Alisjahbana estimated that Indonesia's economic growth to reach 8 percent by 2014 when the present government ends its service, local media reported here on Saturday.       Armida said that Indonesia's economic condition would continue to improve in the following years with 2010 growth estimation set at a range of 5.5-5.6 percent.       "With extra efforts, by 2011 Indonesia's economic growth could be boosted up to 8  ...]]></description>
<full-text><![CDATA[State Minister for National Development Planning (Bappenas) affairs Armida Alisjahbana estimated that Indonesia's economic growth to reach 8 percent by 2014 when the present government ends its service, local media reported here on Saturday.       Armida said that Indonesia's economic condition would continue to improve in the following years with 2010 growth estimation set at a range of 5.5-5.6 percent.       "With extra efforts, by 2011 Indonesia's economic growth could be boosted up to 8 percent to 2014. With moderate efforts, the growth could reach 7 percent," Armida was quoted by the Detik.com as saying.       She said that the growth estimation is based on normal external factors condition assumption and great support from inside the country.       "Improving the investment would be an essential step to bolster the economic growth. It should be actively carried out by the private sector since the government only allocates 15 percent from its state budget to boost investments," Armida said.       The minister said that Bappenas is now seeking breakthroughs to entice investors from Middle East, South Korea, Eastern Europe, India to set more investments in Indonesia.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Indonesia's economic growth to reach 8% by 2014: minister ]]></title>
<news_id>6806778</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90863/6806778.html ]]></link>
<pubDate>2009-11-07 17:00:41</pubDate>
<description><![CDATA[State Minister for National Development Planning (Bappenas) affairs Armida Alisjahbana estimated that Indonesia's economic growth to reach 8 percent by 2014 when the present government ends its service, local media reported here on Saturday.       Armida said that Indonesia's economic condition would continue to improve in the following years with 2010 growth estimation set at a range of 5.5-5.6 percent.       "With extra efforts, by 2011 Indonesia's economic growth could be boosted up to 8  ...]]></description>
<full-text><![CDATA[State Minister for National Development Planning (Bappenas) affairs Armida Alisjahbana estimated that Indonesia's economic growth to reach 8 percent by 2014 when the present government ends its service, local media reported here on Saturday.       Armida said that Indonesia's economic condition would continue to improve in the following years with 2010 growth estimation set at a range of 5.5-5.6 percent.       "With extra efforts, by 2011 Indonesia's economic growth could be boosted up to 8 percent to 2014. With moderate efforts, the growth could reach 7 percent," Armida was quoted by the Detik.com as saying.       She said that the growth estimation is based on normal external factors condition assumption and great support from inside the country.       "Improving the investment would be an essential step to bolster the economic growth. It should be actively carried out by the private sector since the government only allocates 15 percent from its state budget to boost investments," Armida said.       The minister said that Bappenas is now seeking breakthroughs to entice investors from Middle East, South Korea, Eastern Europe, India to set more investments in Indonesia.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[China's passenger vehicle sales continue to grow in October ]]></title>
<news_id>6806777</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90860/6806777.html ]]></link>
<pubDate>2009-11-07 16:58:06</pubDate>
<description><![CDATA[China's auto market continued its robust growth in October, with monthly passenger vehicle sales jumped nearly 80 percent year on year to 923,154 units, China Daily reported on Saturday.       But on a month-to-month comparison, passenger vehicle sales in October dropped 8.1 percent from the previous month, according to figures released by China Passenger Car Association.       In the first 10 months, sales of cars, sports-utility vehicles, minivans and multi-purpose vehicles surged nearly 5 ...]]></description>
<full-text><![CDATA[China's auto market continued its robust growth in October, with monthly passenger vehicle sales jumped nearly 80 percent year on year to 923,154 units, China Daily reported on Saturday.       But on a month-to-month comparison, passenger vehicle sales in October dropped 8.1 percent from the previous month, according to figures released by China Passenger Car Association.       In the first 10 months, sales of cars, sports-utility vehicles, minivans and multi-purpose vehicles surged nearly 52.4 percent over the same period last year to nearly 8.08 million units.       "We expect full-year auto sales to touch 13.5 million with a year-on-year growth rate of 44 percent. That in turn, would make China the world's largest auto market for the whole year," said Rao Da, head of China Passenger Car Association.       In the first nine months, China's vehicle sales jumped 34 percent year on year to 9.66 million units. In breakdown, sales of passenger vehicles surged 42 percent to 7.24 million units while sales of commercial vehicles rose 15.6 percent to 2.42 million units.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
</item>
<item>
<title><![CDATA[Swedish FM to head EU troika visit to Indonesia ]]></title>
<news_id>6806650</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806650.html ]]></link>
<pubDate>2009-11-07 13:26:06</pubDate>
<description><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will als ...]]></description>
<full-text><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will also be launched at the meeting hosted by Indonesia's new Minister of Foreign Affairs, Dr Marty Natelegawa, said the statement.       Other topics of discussion will include developments in South East Asia, the financial crisis and preparations ahead of the climate summit in Copenhagen, it added.       Bildt will be accompanied by Karel Kovanda, Deputy Director General for External Relations at the European Commission, and Helga Schmid, Director of the Policy Unit at the General Secretariat of the Council of the European Union. The incoming Spanish Presidency will also be represented, according to the statement.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Swedish FM to head EU troika visit to Indonesia ]]></title>
<news_id>6806650</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806650.html ]]></link>
<pubDate>2009-11-07 13:26:06</pubDate>
<description><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will als ...]]></description>
<full-text><![CDATA[Swedish Foreign Minister Carl Bildt will head an EU troika visit to Indonesia on Monday for the signing of a Partnership and Cooperation Agreement between the EU and Indonesia, the Swedish Foreign Ministry said Friday.       This will be the first agreement of its kind that the EU has signed in Asia, the ministry said in a statement.       Sweden holds the current rotating EU Presidency during the second half of this year.       A human rights dialogue between the EU and Indonesia will also be launched at the meeting hosted by Indonesia's new Minister of Foreign Affairs, Dr Marty Natelegawa, said the statement.       Other topics of discussion will include developments in South East Asia, the financial crisis and preparations ahead of the climate summit in Copenhagen, it added.       Bildt will be accompanied by Karel Kovanda, Deputy Director General for External Relations at the European Commission, and Helga Schmid, Director of the Policy Unit at the General Secretariat of the Council of the European Union. The incoming Spanish Presidency will also be represented, according to the statement.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Austrian foreign trade down significantly ]]></title>
<news_id>6806649</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806649.html ]]></link>
<pubDate>2009-11-07 13:25:32</pubDate>
<description><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to ...]]></description>
<full-text><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to 60.59 billion euros (89.38 billion U.S. dollars). Its imports also declined, by 21 percent to 63.08 billion euros (93.05 billion U.S. dollars).       Imports from EU countries declined by 22.3 percent to 45.97 billion euros (67.81 billion U.S. dollars), while its exports to EU countries fell by 25.3 percent to 43.1 billion euros (63.58 billion U.S. dollars). Austria's trade deficit with the EU for the first eight months reached 2.87 billion euros (4.23 billion U.S. dollars).       In the first eight months of this year, Austrian foreign trade volume with countries outside the EU also declined significantly. Imports fell 17.2 percent to 17.11 billion euros (25.3 billion U.S. dollars), while exports fell 19.7 percent to 17.49 billion euros (25.8 billion U.S. dollars). However, in foreign trade with countries outside EU, Austria recorded a surplus of 380 million euros (560 million U.S. dollars).       Austria is a small country with a small population. Its economic development is strongly dependent on external trade and has been hard hit by the global economic woes. Austrian industrial processing enterprises have been hit especially hard.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<item>
<title><![CDATA[Austrian foreign trade down significantly ]]></title>
<news_id>6806649</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90865/6806649.html ]]></link>
<pubDate>2009-11-07 13:25:32</pubDate>
<description><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to ...]]></description>
<full-text><![CDATA[Austrian foreign trade from January to August dropped by more than 20 percent compared to the same period last year.       The foreign trade deficit was nine times more than the previous period, increasing from 283.8 million euros (417.5 million U.S. dollars) to 2,490 million euros (3,673.1 million U.S. dollars).       According to the latest figures of Statistics Austria, Austrian exports from January to August this year fell by 23.8 percent compared to the same period last year, falling to 60.59 billion euros (89.38 billion U.S. dollars). Its imports also declined, by 21 percent to 63.08 billion euros (93.05 billion U.S. dollars).       Imports from EU countries declined by 22.3 percent to 45.97 billion euros (67.81 billion U.S. dollars), while its exports to EU countries fell by 25.3 percent to 43.1 billion euros (63.58 billion U.S. dollars). Austria's trade deficit with the EU for the first eight months reached 2.87 billion euros (4.23 billion U.S. dollars).       In the first eight months of this year, Austrian foreign trade volume with countries outside the EU also declined significantly. Imports fell 17.2 percent to 17.11 billion euros (25.3 billion U.S. dollars), while exports fell 19.7 percent to 17.49 billion euros (25.8 billion U.S. dollars). However, in foreign trade with countries outside EU, Austria recorded a surplus of 380 million euros (560 million U.S. dollars).       Austria is a small country with a small population. Its economic development is strongly dependent on external trade and has been hard hit by the global economic woes. Austrian industrial processing enterprises have been hit especially hard.  &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Dollar rises as U.S. unemployment jumps above 10% ]]></title>
<news_id>6806645</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806645.html ]]></link>
<pubDate>2009-11-07 11:14:37</pubDate>
<description><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline sinc ...]]></description>
<full-text><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline since August 2008. The largest job losses over the month were in construction, manufacturing, and retail trade.       There were positive signs in the first significant increase in temporary employment in this cycle, and an increase in manufacturing overtime. Combined August and September job losses were 91,000 less than previously estimated.       The underlying rate of decline in employment is still slowing, but we are several months away from hitting bottom, said analysts of Global Insight.       Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.       The report reinforced speculations that the U.S. Federal Reserve will keep interest rates at their current near-zero range into late next year.       The euro bought 1.4835 dollars in late New York trading compared with 1.4868 dollars it bought late Thursday. The pound rose to 1.6602 dollars from 1.6586 dollars.       The dollar rose to 1.0768 Canadian dollars from 1.0648 Canadian dollars, and rose to 1.0179 Swiss francs from 1.0165 Swiss francs. It fell to 89.93 Japanese yen from 90.78 Japanese yen.        &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Dollar rises as U.S. unemployment jumps above 10% ]]></title>
<news_id>6806645</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806645.html ]]></link>
<pubDate>2009-11-07 11:14:37</pubDate>
<description><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline sinc ...]]></description>
<full-text><![CDATA[The dollar rose against most major currencies on Friday as safety-haven demand for the U.S. currency was boosted by high employment rate.       The unemployment rate rose from 9.8 to 10.2 percent in October, the U.S. Bureau of Labor Statistics reported. It was the first time the unemployment surpassing 10 percent in 26 years. Most analysts have forecasted a slighter increase to 9.9 percent.       Nonfarm payroll employment continued to decline by 190,000 in October, the smallest decline since August 2008. The largest job losses over the month were in construction, manufacturing, and retail trade.       There were positive signs in the first significant increase in temporary employment in this cycle, and an increase in manufacturing overtime. Combined August and September job losses were 91,000 less than previously estimated.       The underlying rate of decline in employment is still slowing, but we are several months away from hitting bottom, said analysts of Global Insight.       Since the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points.       The report reinforced speculations that the U.S. Federal Reserve will keep interest rates at their current near-zero range into late next year.       The euro bought 1.4835 dollars in late New York trading compared with 1.4868 dollars it bought late Thursday. The pound rose to 1.6602 dollars from 1.6586 dollars.       The dollar rose to 1.0768 Canadian dollars from 1.0648 Canadian dollars, and rose to 1.0179 Swiss francs from 1.0165 Swiss francs. It fell to 89.93 Japanese yen from 90.78 Japanese yen.        &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Blackstone's loss narrows in third quarter ]]></title>
<news_id>6806644</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806644.html ]]></link>
<pubDate>2009-11-07 11:14:02</pubDate>
<description><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since  ...]]></description>
<full-text><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since the onset of the global financial crisis. Equity and debt markets have continued to heal, many companies have reduced expenses and inventory levels, the cost of borrowing has declined and the availability of credit is slowly increasing," said Blackstone Chairman and CEO Stephen A. Schwarzman in a statement.       "We believe the worst is behind us though a recovery could be gradual and uneven. We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors," he added.       Blackstone shares rose 97 cents, or 6.99 percent, to 14.84 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Blackstone's loss narrows in third quarter ]]></title>
<news_id>6806644</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806644.html ]]></link>
<pubDate>2009-11-07 11:14:02</pubDate>
<description><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since  ...]]></description>
<full-text><![CDATA[The Blackstone Group LP, a U.S. leading hedge fund and private equity firm, on Friday posted a narrower loss for the third quarter.       Blackstone's revenue turned positive, to 597 million U.S. dollars, from negative revenue of 160.3 million dollars last year.       The loss after paying preferred dividends fell to 176.2 million dollars, or 91 cents per common unit, from 340.3 million dollars, or 1.56 dollars per unit in the same time last year.       "It has been just over a year since the onset of the global financial crisis. Equity and debt markets have continued to heal, many companies have reduced expenses and inventory levels, the cost of borrowing has declined and the availability of credit is slowly increasing," said Blackstone Chairman and CEO Stephen A. Schwarzman in a statement.       "We believe the worst is behind us though a recovery could be gradual and uneven. We see many opportunities to deploy our substantial available capital across each of our asset management businesses with attractive potential risk-return for our fund investors," he added.       Blackstone shares rose 97 cents, or 6.99 percent, to 14.84 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[AIG keeps profitable for second quarter ]]></title>
<news_id>6806643</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806643.html ]]></link>
<pubDate>2009-11-07 11:13:24</pubDate>
<description><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the gov ...]]></description>
<full-text><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the government's stake and realized investment gains and losses totaled 385 million dollars, or 2.85 dollars per share, compared with a market forecast of 1.98dollars per share.       "We continue to focus on stabilizing and strengthening our businesses, but expect continued volatility in reported results in the coming quarters, due in part to charges related to ongoing restructuring activities," AIG CEO Robert Benmosche said in a statement.       AIG also said it plans to record a 5-billion-dollars charge in the fourth quarter as it proceeds with spinning off two major life insurance businesses.       Shares of AIG fell 3.80 dollars, or 9.67 percent, to 35.48 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[AIG keeps profitable for second quarter ]]></title>
<news_id>6806643</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806643.html ]]></link>
<pubDate>2009-11-07 11:13:24</pubDate>
<description><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the gov ...]]></description>
<full-text><![CDATA[American International Group Inc., the troubled insurance giant, said Friday it was profitable for the second straight quarter.       Net income available to common shareholders was 92 million U.S. dollars in the third quarter, compared with a loss of 24.47 billion dollars during the same quarter last year.       Including the government's portion of the profit, AIG earned 455 million dollars, or 68 cents per share, during the latest quarter.       Adjusted earnings, which excludes the government's stake and realized investment gains and losses totaled 385 million dollars, or 2.85 dollars per share, compared with a market forecast of 1.98dollars per share.       "We continue to focus on stabilizing and strengthening our businesses, but expect continued volatility in reported results in the coming quarters, due in part to charges related to ongoing restructuring activities," AIG CEO Robert Benmosche said in a statement.       AIG also said it plans to record a 5-billion-dollars charge in the fourth quarter as it proceeds with spinning off two major life insurance businesses.       Shares of AIG fell 3.80 dollars, or 9.67 percent, to 35.48 dollars on the New York Stock Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[U.S. stocks rise slightly despite unemployment data ]]></title>
<news_id>6806642</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806642.html ]]></link>
<pubDate>2009-11-07 11:12:49</pubDate>
<description><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs ...]]></description>
<full-text><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs. Retail trade employment fell by 40,000 over the month.       U.S. President Barack Obama said the surge in the unemployment rate was a "sobering" figure that underscored the economic challenges ahead.       The Federal Reserve has said that the nation's unemployment rate will remain elevated into 2011. Many economists believe the labor market may not get back to normal until 2013.       American International Group Inc. (AIG), the troubled insurance giant, said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.       Shares of AIG fell 3.80 U.S. dollars, or 9.67 percent, to 35.48dollars on the New York Stock Exchange.       The Dow Jones industrial average rose 17.46, or 0.17 percent, to 10,023.42. The Standard & Poor's 500 index rose 2.67, or 0.25 percent, to 1,069.30, while the Nasdaq composite index rose 7.12, or 0.34 percent, to 2,112.44.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<title><![CDATA[U.S. stocks rise slightly despite unemployment data ]]></title>
<news_id>6806642</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806642.html ]]></link>
<pubDate>2009-11-07 11:12:49</pubDate>
<description><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs ...]]></description>
<full-text><![CDATA[U.S. stocks rose slightly higher on Friday despite the nation's unemployment rate reached a 26-yearhigh.       U.S. unemployment rate rose by 0.4 percentage point to 10.2 percent in October, the highest in more than 26 years, the Labor Department.       In the past month, the employers cut 190,000 jobs, more than the 175,000 economists had expected but fewer than the 219,000 lost in September. The manufacturing sector shed 61,000 jobs last month while construction industries axed 62,000 jobs. Retail trade employment fell by 40,000 over the month.       U.S. President Barack Obama said the surge in the unemployment rate was a "sobering" figure that underscored the economic challenges ahead.       The Federal Reserve has said that the nation's unemployment rate will remain elevated into 2011. Many economists believe the labor market may not get back to normal until 2013.       American International Group Inc. (AIG), the troubled insurance giant, said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.       Shares of AIG fell 3.80 U.S. dollars, or 9.67 percent, to 35.48dollars on the New York Stock Exchange.       The Dow Jones industrial average rose 17.46, or 0.17 percent, to 10,023.42. The Standard & Poor's 500 index rose 2.67, or 0.25 percent, to 1,069.30, while the Nasdaq composite index rose 7.12, or 0.34 percent, to 2,112.44.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<title><![CDATA[Gold tops 1,100 dollars after rising jobless rate ]]></title>
<news_id>6806641</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806641.html ]]></link>
<pubDate>2009-11-07 11:12:06</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a record high of 1,101.90.       The Labor Department reported that employers cut more jobs than expected in October, pushing the unemployment rate above 10 percent for the first time since 1983.       The report said 190,000 jobs were lost last month, fewer than the 219,000 jobs lost in September, but more than economists' expectations of 175,000. What's worse, the unemployment rate jumped to 10.2 percent from 9.8 percent in September. The rising unemployment rate raised gold's appeal of hedge and safe-haven.       December silver was down 3.5 cents to 17.375 dollars per ounce. January platinum lost 14.70 dollars to 1348.20 dollars an ounce.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<item>
<title><![CDATA[Gold tops 1,100 dollars after rising jobless rate ]]></title>
<news_id>6806641</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806641.html ]]></link>
<pubDate>2009-11-07 11:12:06</pubDate>
<description><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a ...]]></description>
<full-text><![CDATA[Gold futures on the COMEX Division of the New York Mercantile Exchange rallied above 1,100 U.S. dollars on Friday after the jobless rate rose to a 26-year high, setting a new all-time high for the third time in recent four sessions. Silver and platinum both fell.       The most active gold contract for December delivery climbed 6.40 dollars, or 0.6 percent, to finish at 1,095.70 dollars an ounce. In the morning session, the precious metal soared above 1,100 dollars for the first time and hit a record high of 1,101.90.       The Labor Department reported that employers cut more jobs than expected in October, pushing the unemployment rate above 10 percent for the first time since 1983.       The report said 190,000 jobs were lost last month, fewer than the 219,000 jobs lost in September, but more than economists' expectations of 175,000. What's worse, the unemployment rate jumped to 10.2 percent from 9.8 percent in September. The rising unemployment rate raised gold's appeal of hedge and safe-haven.       December silver was down 3.5 cents to 17.375 dollars per ounce. January platinum lost 14.70 dollars to 1348.20 dollars an ounce.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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<item>
<title><![CDATA[Oil plunges as U.S. unemployment rate tops 10% ]]></title>
<news_id>6806640</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806640.html ]]></link>
<pubDate>2009-11-07 11:11:18</pubDate>
<description><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$                                                                                                                                                                           ...]]></description>
<full-text><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Oil plunges as U.S. unemployment rate tops 10% ]]></title>
<news_id>6806640</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806640.html ]]></link>
<pubDate>2009-11-07 11:11:18</pubDate>
<description><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$                                                                                                                                                                           ...]]></description>
<full-text><![CDATA[Crude prices plunged more than 3 percent on Friday as U.S. unemployment rate hit 10.2 percent, the highest since 1983.       Light, sweet crude for December delivery fell 2.73 U.S. dollars, or 3.4 percent, to trade at 76.89 dollars a barrel at 1:16 p.m. EST on the New York Mercantile Exchange.   &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Canadian employment unexpectedly falls ]]></title>
<news_id>6806639</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806639.html ]]></link>
<pubDate>2009-11-07 11:10:46</pubDate>
<description><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large f ...]]></description>
<full-text><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.       Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.       Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).       According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.       The Canadian dollar depreciated after the release of the employment data.    &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[Canadian employment unexpectedly falls ]]></title>
<news_id>6806639</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806639.html ]]></link>
<pubDate>2009-11-07 11:10:46</pubDate>
<description><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large f ...]]></description>
<full-text><![CDATA[Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday.       In August and September, employment in Canada had enjoyed mild increases.       According to Statistics Canada, part-time jobs in October dropped by 60,000, the second consecutive month of large declines. At the same time, full-time employment increased slightly, adding to the large full-time gain from the previous month.       Most of October's employment decline came from retail and wholesale trade, "other services" and natural resources.       Since October 2008, employment has fallen in most industries in Canada, with the steepest declines in manufacturing (11 percent), natural resources (11 percent), construction (5.8 percent) and transportation and warehousing (5.8 percent). At the same time, there were increases in information, culture and recreation (4.8 percent) as well as in finance, insurance, real estate and leasing(4.4 percent).       According to Statistics Canada, Canadian youth have experienced employment declines since October 2008, totaling 225,000 (down 8.7percent). Among adult men, although down 177.000 (2.3 percent) during the 12-month period, employment has stablilized in recent months. For adult women, employment was unchanged compared with a year earlier.       The Canadian dollar depreciated after the release of the employment data.    &$<i>&$Source: Xinhua&$</i>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (4)]]></title>
<news_id>6806638</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806638.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108201407171829.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a> ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108201407171829.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806637"><img src="/img/2007english/Previous.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (3)]]></title>
<news_id>6806637</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806637.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108011350930029.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=68 ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071108011350930029.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Previous.jpg" border="0"></a></td> <td width="50%" align="center"> <a href="/cms/template/NewsView.jsp?id=6806638"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10%  (2)]]></title>
<news_id>6806636</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806636.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107411308762248.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=68 ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107411308762248.jpg'> &$A woman walks past the placard of the Job Search Center of New York Public Libaray in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Shen Hong)&$</center>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center" width="40%">  <tr><td width="50%" align="center"><a href="/cms/template/NewsView.jsp?id=6806635"><img src="/img/2007english/Previous.jpg" border="0"></a></td> <td width="50%" align="center"> <a href="/cms/template/NewsView.jsp?id=6806637"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10% ]]></title>
<news_id>6806635</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806635.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. empl ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. employers cut a total of 190,000 jobs in October, driving the unemployment rate to 10.2 percent.       The loss of jobs exceeded economists' expectation and it is the22nd straight month the U.S. economy has shed jobs.       The Labor Department expected the jobless rate to continue growing.  &$<i>&$Source: Xinhua&$</i>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center"> <tr><td><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[U.S. jobless rate climbs above 10% ]]></title>
<news_id>6806635</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90858/90864/6806635.html ]]></link>
<pubDate>2009-11-07 11:10:09</pubDate>
<description><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. empl ...]]></description>
<full-text><![CDATA[&$<center><img src='/mediafile/200911/07/P200911071107141270323642.jpg'> &$Unemployed persons wait to be employed on a roadside in New York, the United State, Nov. 6, 2009. The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday. (Xinhua/Liu Xin)&$</center>&$  The unemployment rate of the United States has exceeded 10 percent for the first time since 1983, said the Labor Department on Friday.       The U.S. employers cut a total of 190,000 jobs in October, driving the unemployment rate to 10.2 percent.       The loss of jobs exceeded economists' expectation and it is the22nd straight month the U.S. economy has shed jobs.       The Labor Department expected the jobless rate to continue growing.  &$<i>&$Source: Xinhua&$</i>&$&$ <center><a href="/cms/template/NewsView.jsp?id=6806635" class="abl2">【1】 </a><a href="/cms/template/NewsView.jsp?id=6806636" class="abl2">【2】 </a><a href="/cms/template/NewsView.jsp?id=6806637" class="abl2">【3】 </a><a href="/cms/template/NewsView.jsp?id=6806638" class="abl2">【4】 </a></center>&$&$ <center><table border="0" align="center"> <tr><td><a href="/cms/template/NewsView.jsp?id=6806636"><img src="/img/2007english/Next.jpg" border="0"></a></td></tr></table></center>&$ ]]></full-text>
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<title><![CDATA[China's Minmetals considers investment into Marampa project in Sierra Leone: report ]]></title>
<news_id>6806634</news_id>
<link><![CDATA[ http://english.people.com.cn/90001/90778/90861/6806634.html ]]></link>
<pubDate>2009-11-07 11:05:00</pubDate>
<description><![CDATA[China Minmetals Corporation, the country's largest state-owned metals trader, had said it was conducting research on a London Mining iron ore project in Sierra Leone and has not signed any cooperation deal for the same, China Daily reported on Saturday.       The statement came after London Mining said Friday that it held talks with Minmetals and Sinosteel Corp., China's largest iron ore trader, as well as China's National Railways for its Marampa project in Sierra Leone.       A source with ...]]></description>
<full-text><![CDATA[China Minmetals Corporation, the country's largest state-owned metals trader, had said it was conducting research on a London Mining iron ore project in Sierra Leone and has not signed any cooperation deal for the same, China Daily reported on Saturday.       The statement came after London Mining said Friday that it held talks with Minmetals and Sinosteel Corp., China's largest iron ore trader, as well as China's National Railways for its Marampa project in Sierra Leone.       A source with China Minmetals Corporation said the company has not yet taken a decision on whether to invest and is still studying the project, said the newspaper.       The source said Minmetals would rather look for suitable iron ore acquisitions projects in Australia and Africa, like Mauritania, and largely focus on small- and medium-sized projects.       An overseas merger and acquisition of a project might come out by the end of this year, he said.    &$<i>&$Source: Xinhua&$</i>&$  ]]></full-text>
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