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As of 7:40:00 AM EDT Fri, July 4, 2008
BHP BILLITON REACHED an agreement with China's Baosteel on a rise in iron-ore prices, bringing to a close one of the longest and most heated rounds of annual negotiations for the key steelmaking material.  7:53 a.m.
Bush plans to attend the opening ceremonies of the Olympics in Beijing even as some world leaders have said they may boycott the Aug. 8 opening event to protest the most recent Chinese security crackdown in Tibetan areas of China.
All Nippon Airways is considering whether it will end its reliance on Boeing for large aircraft and order superjumbo A380s from rival supplier Airbus.  5:42 a.m.
Most Asian indexes extended losses, with real-estate stocks leading decliners in Japan, while banking shares lifted Hong Kong and Australia.  5:12 a.m.
North Korea said it won't take further steps to dismantle its nuclear program until the U.S. and its other negotiating partners award fueloil and political benefits promised under an aid-for-disarmament deal.  7:40 a.m.
An envoy for the Dalai Lama said that the latest round of talks with China were "one of the most difficult sessions" held so far, but that he will return for more discussions after the Beijing Olympics.  4:44 a.m.
Hundreds of tourists from mainland China arrived in Taiwan on the first regular commercial flights in nearly six decades between the old foes.  7:38 a.m.
India's Mahindra remains bullish about entering the U.S. market in 2009 despite the collapse of truck and SUV sales.
The Indian government's bid to secure support for a civilian nuclear deal with the U.S. stalled when a regional party asked for more time to decide.
Taiwan plans to relax restrictions on investment by mutual funds in China-related stocks, in a further move to develop its asset-management industry.
The World Bank called on G-8 leaders to address rising prices at their meeting in Japan next week, but prospects for raising significant food aid were doubtful, and leaders also were dialing back expectations for big breakthroughs on climate change.
 

 
Oil prices rose to a record $145.29 a barrel, as supply concerns and Mideast worries intensified and a gathering of oil executives in Madrid failed to cool the crisis.
 

 
The European Central Bank raised its key interest rate by a quarter-percentage point to 4.25%. Trichet suggested a series of rate increases was unlikely, even as he strove to keep his options open.
 
Gelato Goes Gourmet
[Gelato image]
Around the world, small companies are now marketing Italian gelato as a delicacy for connoisseurs willing to pay a premium for natural ingredients and in-store pampering.
 

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

 

 

 
 
http://chinese.wsj.com/
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Source:Dow Jones, Reuters* at close
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