CHINA

End of the World 2011: What Hour Is It, Exactly?

If you give any credence to Harold Camping’s prediction – that the end of the world will be May 21, 2011 – tune in at 6 p.m. New Zealand local time just to make sure. Camping himself plans to do just that by watching it unfold on TV.
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China c.bank head sees gradual move to make yuan convertible

The increased use of the Chinese yuan in trade and investment settlement will pave the way for the currency to become fully convertible, although the process will be gradual, central bank governor Zhou Xiaochuan said on Friday, without offering any time frame.
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Weak dollar supports stocks in directionless week

The dollar looked set to post its first weekly loss in three weeks as investors increased bets on risky assets like equities on expectations the United States would take a long time to raise interest rates after weak economic data this week.
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Weak dollar stokes equity gains, outlook wary

The dollar looked set to post its first weekly loss in three weeks as investors increased bets on risky assets like equities on expectations the United States would take a long time to raise interest rates after posting weak economic data.
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Facebook looks at China

Facebook CEO Mark Zuckerberg is planning to make his second visit to China as the world's No. 1 social networking company looks for the best way to expand into that country.
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Alcatel CEO looks to future growth

Chief Executive Ben Verwaayen is preparing the next stage of telecom equipment maker Alcatel-Lucent's development armed with a refreshed product portfolio and a slimmer cost structure.
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LinkedIn IPO: Will It Drop Like Chinese IPOs?

LinkedIn’s IPO is priced at $45, which already gave it an incredible price-to-earnings ratio of 260. In the first day of trading, its shares more than doubled to $107 (at 11:53 a.m. ET), which takes the price-to-earnings ratio to more than 600.

Post Strauss-Khan: Who will be the new leader at the IMF?

After the resignation of Dominique Strauss Khan following an arrest for sexual assault, the next question is who will be the next person to lead the International Monetary Fund, responsible for reducing poverty and promoting stability and sustainable economic growth around the world?
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HSBC says cost cuts to come from outside Asia

HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.
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China: Gold Demand Jumps

Today's new Gold Demand Trends from the World Gold Council show interesting data about gold demand in China. China is now 10 years into opening up its gold market - half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.
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Toshiba to buy meter maker Landis+Gyr for $2.3 billion

Japanese electronics manufacturer Toshiba Corp said on Thursday it will buy unlisted Swiss-based meter maker Landis+Gyr in a deal valued at $2.3 billion, including debt, in a bid to move into the promising overseas smart grid market.

China vouches for developing countries to lead IMF

After the resignation of besieged chief Dominique Strauss-Kahn, China on Thursday has insisted for emerging nations to be selected in the top leadership of the International Monetary Fund, Economic Times reported on Thursday.
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Dollar down as commodities and global stocks rise

The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.

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