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China intervened too early: CEO  

Eddie Tam, the CEO of Central Asset Investments, says he hopes the Chinese government will learn to use market intervention sparingly.
Source: CNBC.com
UPDATE 1-Brazil's Gol cuts flight frequency, expects prices to recover

SAO PAULO, July 27- Brazil's second biggest airline, Gol Linhas Aereas SA, announced on Monday it was cutting the frequency of flights and expected prices to recover, spurring the second-biggest daily jump for its shares this year. Gol shares, which slipped 2 percent in opening trade, surged as much as 14 percent after the comments from Lopes, before settling to a 9...
Source: Reuters | By: Alberto Alerigi