CHINA

Geithner backs Lagarde as next IMF boss.

US Backs Lagarde As Next IMF Chief

The United States has officially declared its endorsement of France’s finance minister Christine Lagarde to be the next chief of the International Monetary Fund (IMF), virtually guaranteeing she will becomes its boss when its board meets next week.

Lagarde set to win IMF post as U.S. offers support

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The United States formally offered its backing on Tuesday for French Finance Minister Christine Lagarde to take over the top job at the International Monetary Fund, ensuring a win for her over Mexico's Central Bank Governor Agustin Carstens.
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Europe's Lagarde set to win top IMF job

French Finance Minister Christine Lagarde looks set to emerge on Tuesday as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender.
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Apple to Launch Faster iPhone in September

Just one iPhone 5 coming in September

The anticipation for Apple's next generation iPhone 5 -- or in some circles, the iPhone 4s -- has exploded beyond a frenzy and reached more of a mania, with some observers not only predicting one phone, but two.
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Airbus set for multi-billion China order: sources

China could order dozens of Airbus jetliners during a visit by Premier Wen Jiabao to Berlin according to sources, but the deals are clouded by a spat between Beijing and Europe over aviation carbon tariffs.
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Google sees growing struggle over web censorship

Internet giant Google's tussles with some governments over Internet censorship could get worse, Executive Chairman Eric Schmidt said on Monday, adding he feared his own colleagues faced mounting danger of occasional arrest and torture.
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China's Wen signals doubt inflation goal can be met

Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.
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Berlin, Beijing to talk euro

Germany and China will discuss the euro and world currency system reforms during a visit by Premier Wen Jiabao, a German government source said, as Berlin said it would welcome more Chinese firms as long-term investors.
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China audits local government finances in debt clean-up

China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.
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China shows off latest high-speed train

With its fully reclining airline-style business class seats, a strict no-smoking policy and designed top speed of 350 km (220 miles) per hour, the new Beijing-Shanghai express embodies China's race to the future.
The Apple Inc. logo is seen in the lobby of New York City's flagship Apple store

What's Ailing Apple?

Barclays Capital has addressed the reasons it believes shares of Apple Inc. (NASDAQ: AAPL) have underperformed the sector since February. Apple stock has fallen 3.82 percent between February 1 and June 24.

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