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Premier Wen Jiabao

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Iceland Signals Deeper Ties with China

Iceland's foreign minister signaled deeper cooperation with China on commerce and offshore exploration following the signing of the first free-trade pact between the Chinese and a European country.Ossur Skarphedinsson, speaking during an interview with The Wall Street Journal Monday, said the two nations are in advanced talks to cooperate on a study of offshore oil exploration in Iceland's northeast coastal waters. The region, known as the Dreki area, potentially holds vast crude-oil reserves and Icelandic officials have already granted permission to Norwegian and U.K. companies to explore some of the territory.Mr. Skarphedinsson, who is part of a delegation this week to China to sign a landmark free-trade agreement, wouldn't name the Chinese and Icelandic oil companies involved in the advanced talks. He said China Petrochemical Corp., known as Sinopec Group, was involved in preliminary talks as well.The free-trade agreement signed Monday between the small island nation and one of the ...

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  1. ASIA MARKETS: China Stocks Stage Strong Bounce, Lead Asia Gains

    Asian markets rebounded Tuesday as a higher finish on Wall Street attracted buyers a day after most regional equities suffered a sell-off, with Japanese stocks exten...

  2. ASIA MARKETS: China Stocks Rebound Strongly; Japan Adds To Gains

    Asian markets rebounded Tuesday as a higher finish on Wall Street helped sentiment a day after most regional equities suffered a sell-off, with Japanese stocks exten...

  3. ASIA MARKETS: Japan Stocks Add To Gains; China Rebounds

    Asian markets rebounded Tuesday as a higher finish on Wall Street helped sentiment a day after most regional equities suffered a sell-off, with Japanese stocks exten...

  4. MARKET COMMENT: China Shares Open Up; Shanghai To Stay Near 2250

    0158 GMT [Dow Jones] China shares open slightly higher led by heavyweight banks. The Shanghai Index is up 0.1% at 2275.21 after losing 3.7% Monday, and is expected t...

  5. China Sets 2013 GDP Target At 7.5%: Reports

    China has set its gross domestic product target at 7.5% for 2013, according to reports from the region. The target, to be announced in a government work report by Pr...

  6. ASIA MARKETS: Property Stocks Sink Shanghai, Support Tokyo

    Mainland Chinese stocks suffered their worst drop in several months on Monday as property and construction-related sectors got slammed after Beijing imposed fresh me...

  7. ASIA MARKETS: Property Stocks Sink China But Boost Japan

    Real-estate stocks lead the action in the largest Asian markets Monday, with tumbling property shares leading Chinese bourses lower, but a real-estate rally lifting ...

  8. China Average Housing Price in February Accelerates on-Year - CREIS

    The average price of housing in 100 major Chinese cities rose in February from a year earlier, the third straight month of annual gains after eight months of decline...

  9. China's Dalian Unveils Property Easing Measures Despite Beijing's Crackdown Pledge

    The coastal city of Dalian in northern China has introduced measures that effectively bypass existing home purchase restrictions and encourage demand, marking a fres...

  10. Analysis: China property curbs in focus ahead of parliament meet

    China's property market is rife with speculation - both about rising house prices and about what the new government may do to curb them once it takes office next wee...

  11. China to Will Ensure Adequate Land Supply

    China will step up measures to ensure an adequate land supply this year, as part of efforts to contain volatility in land prices that may trigger panic in the broade...

  12. China Official: Will Ensure Adequate Land Supply to Prevent Price Volatility

    China will step up measures to ensure an adequate land supply this year, as part of efforts to contain volatility in land prices that may trigger panic in the broade...

  1. Exclusive: Princeling-backed firm eyes $500 million China buyout fund - sources

    Nepoch Capital, a new private equity firm founded by the son of a former member of China's politburo, has launched the first 'princeling' fundraising since the new g...

  2. China politics keep central bank hawks at bay, for now

    Intense lobbying by central government agencies and debt-laden local governments is keeping People's Bank of China hawks in check after inflation jumped to a 10-mont...

  3. China February CPI up 3.2 percent on year as food prices jump

    China's annual inflation jumped to a 10-month high in February as holiday spending for the Lunar New Year drove food prices sharply higher, data from the National Bu...

  4. PBOC Says High M2-to-GDP Ratio Shows Risk

    The high ratio of money supply to gross domestic product in China means risks are excessively concentrated in the banking sector, according to a top official.This de...

  5. China Policy Makers Signal Plans to Tighten Monetary Policy

    Chinese policy makers sent signals that Beijing is preparing to tighten monetary policy, as inflation risks rise along with a recovering economy.At the annual meetin...

  6. U.S. Stock Futures Rally; Dow Set To Open Above Record High

    With the Dow Jones Industrial Average closing in on an all-time high, U.S. stock futures pointed to an opening above the record closing level, following strong retai...

  7. Banks Lead China Shares Higher; Recover From Monday's Slide

    Banks led China's shares to end higher Tuesday, erasing part of the losses from the previous session triggered by fresh housing-market tightening measures.The benchm...

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