CHINA

Lagarde Not A Sure Thing As Next IMF Chief

Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.
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China’s manufacturing growth slows in May

After Chinese government tightened the monetary policy in April for four times, the manufacturing growth of the country slowed in May, while price pressures eased, according to a survey showed on Monday, Reuters reported.
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Foxconn confirms 3rd death at plant linked to iPad

Foxconn Technology Co Ltd on Sunday confirmed that a third person has died following a large explosion at a plant in southwestern China on Friday that local media have linked to production of Apple's iPad 2.

Why Would Pakistan Harbor Terrorists?

Since the shocking discovery (and subsequent) assassination of al-Qaeda chief Osama bin Laden in early May in a compound in Pakistan, rumors have swirled that authorities in Islamabad have been harboring and protecting the world’s most wanted man all these years.

Doomsday for the Dollar?

The dollar may need to make room for the Euro and the Renminbi as the rise of economic strength and influence of emerging markets threaten its dominant position as the world's currency.
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Russia's Transneft to fight order to release minutes

MOSCOW, May 21 - Russia's oil pipeline monopoly said on Saturday it would appeal a court ruling ordering it to release board meeting minutes, saying an anti-corruption blogger wanted the information as part of a conspiracy against Russia.

May 21 in earthquake history (TIMELINE)

As the U.S. Geological Survey recorded over 12 earthquakes across the world on Saturday, May 21, 2011, which was predicted to be doomsday or the end of the world, we bring here a brief about earthquakes that jolted the world on the same day in the past.

Chinese artist held for evading taxes, family denies allegations

A report by Chinese police said a company controlled by Ai Weiwei, one of China's best-recognized contemporary artists, has evaded a big amount of tax payment which indicated the first economic crime after his arrest and has triggered an international outcry

Kim-Jong-il visits China

A secretive team from North Korea visited north eastern city of Changchun in China on late on Friday, reported Reuters.
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Apple, Foxconn review China factory explosion

Apple Inc said on Friday it was working with Foxconn, its main contract producer for gadgets, to understand the cause of an explosion at a factory in China that local media have linked to the technology giant's iPad 2 production.

Foxconn plant explosion may delay iPad production (VIDEO)

Foxconn Technology Group, the main manufacturing contractor for Apple’s iPad 2 and iPhone 4, witnessed a large explosion in its Chengdu plant on May 20 7 p.m. local time, killing 2 and injuring at least 16, and possibly delaying the already-scarce iPad supply.
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U.S. crude oil falls below $97 as dollar jumps

Oil fell sharply on Friday with U.S. light crude tumbling more than $2 toward $96 per barrel as the dollar rose and investors worried about the outlook for global growth and about the health of the euro zone.

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