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Belt and Road initiative gives world economy fresh impetus: Hong Kong financial chief  • Singapore's manufacturing output declines 4.4 pct in June  • 1st Ld: China's job market stable despite economic headwinds  • Australia's live export market again under scrutiny  • Japan's Cabinet approves FY 2016 budget guidelines  • Evergrande have good operation mode, says Rummenigge  • Prices of Singapore's private residential properties down by 0.9 pct in Q2  • Spotlight: Australia vows to protect foreign missions in wake of Chinese consulate break-in  • 2 militants killed, 2 troopers wounded in Kashmir gunfight  • Australian opposition throws gauntlet for climate change election  
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Xinhua Asia-Pacific news summary at 0600 GMT, July 24

Xinhua, July 24, 2015 Adjust font size:

At least one person was killed and 10 others injured when a suspected improvised bomb exploded inside a bar Thursday night in south Philippine city of Zamboanga, security officials said on Friday.

The police said the lone fatality was identified as Geraldine Miguel, 21, cashier of the bar while most of those injured were guest relation officers and 3 male clients of the bar that cater massage and video karaoke entertainment. (The Philippines-Bombing)

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SRINAGAR, Indian-controlled Kashmir -- Nine people were killed, 23 injured and 31 others missing after a tourist bus skidded off the road and plunged into a river in India,officials said Friday.

The accident took place Thursday evening in northern Indian state of Himachal Pradesh's Kullu district. (India-Bus Accident)

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HONG KONG -- The Belt and Road initiative can provide the world economy with a fresh and much-needed impetus to the otherwise mundane global growth outlook, Hong Kong's Financial Secretary Tsang Chun-wah said at a forum here on Friday.

"I think it is apparent that the global market regards this vision as the driving force for the world economy in the coming years," Tsang said, citing the overwhelming participation by nations in the establishment of the Asian Infrastructure Investment Bank, which is the key financial institution supporting the initiative's development.(HK-Belt and Road)

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TOKYO -- Japanese Prime Minister Shinzo Abe' s Cabinet on Friday approved government officials'guidelines for the country's fiscal 2016 budget.

The guidelines are aimed at achieving growth while reining in spending, although the guidelines state that budget requests from ministries need not be capped, which in itself could lead to more spending, some sources close to the matter said Friday.(Japan-2016 Budget) Endi