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As IMD was going to press, translators were working on an agreement about how to interpret the regulations of China's Xinhua news agency that affect western distributors of financial data. An exchange of letters between Xinhua and the US embassy constitutes a draft of an agreement, says a source familiar with the proceedings. That draft was being translated into Chinese last week. Stay tuned.

Reuters recently announced two separate purchases of its ordinary shares for a total of 3 million sha

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