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Qatar fund buys 22% of Chinese PE firm

Qatar Holding, the investment arm of the nation’s sovereign-wealth fund, bought a 22 per cent stake in Chinese private equity firm Citic Capital Holdings as the country accelerates spending on overseas acquisitions.

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markets

Get ready for car speak

In a few weeks, about 2,800 cars, trucks and buses will start talking to each other on the streets of Ann Arbor, Michigan, in a giant experiment that government officials are hoping will lead to safer roads.

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markets

Crude gains 1% on tight supply, eurozone hopes

Oil rose more than one per cent on Tuesday as hopes that the European Central Bank, or ECB, will act to contain the region’s debt crisis boosted crude futures and sent US equities to a four-year high and the euro to a seven-week peak versus the dollar.

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markets

Cnooc’s H1 profit slips 19% on shutdown, costs

HONG KONG - China National Offshore Oil Corporation, or Cnooc, one of China’s three major state-owned oil producers, said on Tuesday that first-half profit fell 19 per cent as it grappled with rising costs and a drop in production from an oil spill in China’s Bohai Bay.

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