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Premium homes sold

Business | Real estate
2011-9-1

NEARLY 100 new residential units costing more than 100,000 yuan (US$15,650) per square meter were sold in Shanghai in the first eight months of this year, with Sunville, a villa development near Sheshan Hill in Songjiang...

City's welcome

Business | Economy
2011-9-1

SHANGHAI'S Party Secretary Yu Zhengsheng yesterday said the city welcomes Zurich Financial Services Group's new China subsidiary to Shanghai when he met the group's Chief Executive Martin Senn. Zurich Financial...

High food prices foil bid to- beat inflation

Business | Economy
2011-9-1

STAPLE food prices in China rose last week, dimming prospects that inflation will ease. The cost of 18 sample vegetables jumped 6.1 percent between August 22 and 28 from the previous week, the Ministry of Commerce...

Merkel beefs up bailout fund

Business | Economy
2011-9-1

GERMAN Chancellor Angela Merkel's Cabinet yesterday approved a plan to beef up the eurozone's rescue fund, the first step toward its passage in Europe's biggest economy. Finance Minister Wolfgang Schaeuble said...

Arrests failed to prevent UN bombing

| World
2011-9-1

DAYS before a car bombing at the United Nations headquarters in Nigeria that killed 23 people, the country's secret police arrested two men suspected of organizing the attack, raising questions about why the bombing...

Clooney's movie gets Venice fest under way

| World
2011-9-1

GEORGE Clooney explores the dirty side of politics in "The Ides of March," the opening movie at the Venice film festival, in which an aide to a Democratic presidential candidate learns how dispensable ideals can be. ...

Sarkozy's office denies fresh accusations

| World
2011-9-1

FRENCH President Nicolas Sarkozy's office has vigorously denied claims in a new book that he personally took undeclared campaign cash from the heiress to the L'Oreal cosmetics fortune five years ago - claims that...

God-like robot

| National
2011-9-1

'China story' in the millions

Business | Economy
2011-9-1

CHINA'S millionaires will account for about half of Asia's rich and hold more than half of the region's wealth by 2015, according to a study by Julius Baer Group Ltd and CLSA Asia Pacific Markets. Asia's millionaires...

Total social financing set to top US$3t

Business | Economy
2011-9-1

CHINA'S total social financing this year may top 18 trillion yuan (US$2.8 trillion), a rise of 3.5 trillion yuan from the official target due to inflow of non-banking liquidity, Fitch Ratings said yesterday. Banks'...