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Japan OK's Peabody-ArcelorMittal bid for Macarthur: MarketWatch | Asia Stocks

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By David Fickling SYDNEY (MarketWatch) -- Japan's Fair Trade Commission has approved the joint Peabody Energy Corp. BTU -0.22% -ArcelorMittal MT +0.24% bid for Macarthur Coal Ltd. (MCC.AU), which values the Australian miner at A$4.73 billion, the bidders said Thursday. The approval fulfils one of several conditions standing in the way of the bid, the companies said, although similar approval is still being sought from China's Ministry of Commerce. Macarthur is the world's largest producer of pulverized coal injection coal, or PCI, a low-cost form of the coking coal used in steelmaking. Japan is one of the biggest consumers of

Global Stocks Sink; China's Property Market MarketWatch | Asia Stocks

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Asia Global Stocks Sink; China's Property Market On Asia Today: Global stocks are sinking again following a slew of grim U.S. economic data. Over in China, it looks like the bull run is over for the property markets with prices stabilizing. WSJ's Jake Lee and Isabella Steger discuss. 10:46 p.m. Today   Asia stocks tumble amid rising growth fears Asia stocks tumble, as risk appetite evaporates on a fresh wave of concerns about global growth. 10:22 p.m. Today