Week ahead in Asia & Pacific from July 19
Following are some of the main Asia and Pacific news events expected this week (all times GMT).
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SATURDAY, July 19
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SUNDAY, July 20
SYDNEY - Pope Benedict to close the Catholic church's world youth festival with a mass.
BEIJING - Traffic restrictions and factory closures come into effect in a last ditch attempt to turn the often smoky and dusty Chinese capital into the promised pollution-free venue for next month's Olympics.
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MONDAY, July 21
MUMBAI/JOHANNESBURG - Deadline for exclusive talks between India's No. 2 mobile operator Reliance (RLCM.BO: Quote, Profile, Research) and South Africa's MTN Group (MTNJ.J: Quote, Profile, Research) after it was extended last week. Talks are on to create a top-10 global telecoms group, but a claim on shares by the Reliance Communications chairman's estranged elder brother has marred the negotiations.
HONG KONG - Release of a new WWF report analysing China's growing carbon market, from the perspective of China's booming energy markets. The report, "The value of Carbon in China", will be the first to assess the carbon issue from the Chinese perspective.
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TUESDAY, July 22
NEW DELHI - The Indian government faces a vote of no confidence in parliament after its communist allies withdrew support to protest a nuclear deal with the United States. With the vote too close to call, government allies have even temporarily released some MPs in prison for murder to shore up parliamentary support. If Prime Minister Manmohan Singh's coalition loses, it will face early elections and the probable demise of the landmark nuclear deal.
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WEDNESDAY, July 23
JAKARTA - Court hearing of a civil case filed by the attorney-general's office against Tommy Suharto for a failed car project. Indonesian prosecutors are suing the former president's son for more than $400 million over a business deal involving his national car project.
WELLINGTON - New Zealand's central bank rate review. The central bank is expected to leave rates unchanged at a record 8.25 percent but the decision will be a close call given the need to cope with a rapidly slowing economy and inflation. Recent data has shown the economy is slowing sharply, convincing many that it may already be in recession.
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THURSDAY, July 24
SYDNEY - Deadline for Australian competition watchdog's ruling on bidding for Australia's Dairy Farmers. Italy's Parmalat's (PLT.MI: Quote, Profile, Research) is competing with National Foods, owned by Japan's Kirin Holdings (2503.T: Quote, Profile, Research), for the Australian milk and cheese producer owned by some 2,000 farmers.
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FRIDAY, July 25
SEOUL - South Korea to publish second quarter GDP data. The Bank of Korea's advanced estimates will show which sectors are suffering most from the impact of a U.S. slowdown and inflation. The finance ministry recently slashed its 2008 economic growth forecast while raising its consumer inflation expectations.
KUALA LUMPUR - Malaysia's central bank rate review. Some economists expect the central bank to raise rates for the first time since 2006 to contain rising inflationary pressures as consumer prices in June are expected to top 6 percent, the highest in 26 years.
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