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As of 6:18:00 AM EDT Fri, July 25, 2008
HONDA'S NET INCOME rose a better-than-expected 8.1% on currency hedging and sales growth in new markets, but the No. 2 Japanese auto maker lowered its sales and profit outlooks for the full year as the yen continues to strengthen and material costs soar.  6:11 a.m.
Asian markets suffered steep losses, with National Australia Bank stock plummeting more than 13% after the lender said it will provide for losses related to U.S. mortgages.  5:37 a.m.
Samsung's profit jumped 51% as its cellphone and flat-panel divisions posted solid improvements.
A series of explosions shook the southern Indian city of Bangalore, killing at least one person.  6:03 a.m.
National Australia Bank could face higher funding costs after the bank shocked market participants with a write-down worth US$796.1 million, blaming the global credit crunch and slumping U.S. housing sector.  3:44 a.m.
A Qantas flight en route to Australia from London made an emergency stop in Manila after a loud bang punched a hole in the Boeing 747-400's fuselage.  6:18 a.m.
Thai and Cambodian foreign ministers will meet to discuss a dispute over who controls the ruins of a centuries-old Hindu temple overlooking a contested border.
India's representative to this week's WTO summit talks is pushing hard for developing nations' demands in difficult trade negotiations.
Japan's trade surplus fell 89% as exports shrank for the first time in almost five years, a sign of declining consumer demand globally.
Chinese officials said they broke up a terrorist cell plotting possible attacks in Shanghai during the Olympics.  3:11 a.m.
Thai and Cambodian foreign ministers will meet to discuss a dispute over who controls the ruins of a centuries-old Hindu temple overlooking a contested border.
 

 
A recent drop in the price of oil may give Federal Reserve officials some breathing room to hold interest rates steady -- even as the debate about inflation intensifies.
 

 
Obama maintained a lead of 47%-41% over McCain in a Journal/NBC poll, but voters voiced concerns about the Democrat's background and values. The key question in the contest isn't over any single issue, but the focus has turned to the Democratic candidate himself: Can Americans get comfortable with Obama?
 
For decades, most of China's farmers worked a tiny plot of land. But a new wave of farming giants are consolidating atomized farmland and, in the process, revolutionizing agriculture in a country that is one of the biggest consumers and exporters of food.
 

 
Last-Frontier Forest Is at Risk From Boom
Indonesian companies are lining up to develop pulp-and-paper mills in Merauke, a region in the country's remote Papua province. The resource grab is threatening one of the world's last tropical-forest frontiers.
 

 
[Beijing Olympics]
Examine China's efforts to prepare for the 2008 Olympic Games in Beijing.

[Shanghai Style]
As foreigners clamor to buy places reflecting the country's romantic past, Chinese themselves are starting to see their charm, or at least their investment potential. From lane houses -- row houses -- in Shanghai to courtyard homes in the hutongs of Beijing to farmhouses in the mountains, buildings are being overhauled on a massive scale. Old houses, though, aren't all romance and chic.

Plus, top designers talk about the touches that can make your house as alluring as Asia's luxury hotels, duffing it out in Beijing, and eating Chinese with chef Kylie Kwong.


 
Push for Consolidating China Farms Grows
 

 

 
 
http://chinese.wsj.com/
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From The Wall Street Journal and other Dow Jones Publications
 
Source:Dow Jones, Reuters* at close
NASDAQ Most Actives   more
NYSE Gainers   more
NASDAQ Gainers   more
NYSE Decliners   more
NASDAQ Decliners   more
335,415,330
126,733,410
120,630,897
145,503,284
106,848,932
81,085,041
14.89%
13.77%
11.08%
31.69%
26.05%
25.47%
-37.61%
-34.07%
-31.37%
-42.53%
-30.77%
-30.05%

WALL STREET JOURNAL ARTICLES  
[image]
• New Surgery Eases Toll of Breast Cancer

Surgeons are offering an added benefit to breast-cancer patients: removing the tumor and cosmetically repairing the breast at the same time. This "oncoplastic surgery" could minimize the number of times a patient must go under the knife.

• How Much Water Should You Drink?

Lately it has been in vogue to dismiss the advice to drink eight glasses of water a day as a "medical myth," but it's really more a dispute over whether the glass is half-empty or half-full.

• Santorini, Greece

Reporter Janet Adamy on what to do, where to eat and where to stay on this Greek island.

[image]
• How My Paycheck Went to the Dogs

After children, few living things will do as much to ruin your personal finances as dogs. Columnist Neal Templin explains why dogs are deceptively expensive.

[image]
• The Prodigy Market in China

Thirty-two years after the end of its Cultural Revolution, China is buzzing with once-forbidden Western classical music activity and more than 40 million youngsters are currently studying the piano or violin. The size and caliber of this talent pool has led some American music schools to enhance their China ties.

• Lack of U.S. Buyers at Art Basel

Reporter's Notebook: Europeans dominate sales at the annual contemporary art fair in Switzerland.

• Albee a 'Young Troublemaker' at 80

After turning 80, three-time Pulitzer Prize winner Edward Albee still considers himself a young troublemaker. A point he proves with his latest work, "Occupant," an evocation of the late sculptor Louise Nevelson.

AUTOS |  more
[image]
• The Driver's Seat: Volkswagen Tiguan

In our faddish culture, there is nothing more annoying than bandwagon jumpers. Which brings us to the 2009 Tiguan, a new compact sport-utility vehicle from Volkswagen.


ONLINE EXCLUSIVES  
China Journal 1:19 AM
Washington Wire 12:56 AM
Whosnews Blog 7:38 PM
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ANALYSIS OF NEWS AND TRENDS
[image]
•  The Long National League Nightmare: Since baseball began interleague play in 1997, the American League has been increasingly dominant. See a timeline of the decline of the National League. 07/11/2008
Obama
Sen. Barack Obama waved as he arrived at the Victory Column in Be... more
FEATURED PODCAST
[image]
• Car Cast: WSJ's David Patton and Mathew Passy discuss why high gas prices are good for the U.S. and the planet. Plus, a plea for a plug-in hybrid.
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