CHINA

Huawei rejects Eximbank chief's China aid claim

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Chinese telecoms equipment manufacturer Huawei Technologies on Thursday rejected a U.S. government official's suggestion that its rapid growth was due to Chinese government financial aid.
Traders work on the floor of the New York Stock Exchange, June 7, 2011.

Depression? No. Depressed? Yes!

Yesterday, a highly valued client of ours posed this question to us: ”Do you think that we are headed towards a depression?” It is not clear to me what event triggered the question, but my answer was a resounding “No”.
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IMF contender Carstens chides Europe's grip on fund

Mexican Central Bank Governor and IMF-contender Agustin Carstens rebuked his European counterparts on Thursday for reneging on their promise to back a non-European to head the fund and vowed to give emerging powers more say if elected.
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Greece fears drive down futures ahead of jobs data

Stock index futures dipped on Thursday as global equities tumbled on worries that the lack of a deal on how to handle the Greek debt crisis could trigger disorderly market moves and crimp liquidity.
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IMF contender Carstens calls China visit fruitful

Mexican Central Bank Governor Agustin Carstens, who is contending to lead the International Monetary Fund, said on Thursday that he held fruitful talks with Chinese officials over his candidacy.
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HSBC, Citi given nod to underwrite China corporate debt

The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses, sources told Reuters on Thursday.
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Stock index futures signal dip

Stock index futures pointed to a lower open on Wall Street on Thursday following the previous session's sharp losses, with futures for the S&P 500 down 0.21 percent and Dow Jones futures down 0.24 percent, while Nasdaq 100 futures were up 0.08 percent at 0941 GMT (5:41 a.m. ET).
A heavy machine gun on a rebel fighter's vehicle is pictured against the moon during a total lunar eclipse in Benghazi

June 15 Lunar Eclipse: the historical blood moon stars worldwide [PHOTOS]

The most beautiful and the longest in a decade lunar eclipse on Thursday stared in the sky and turned the moon bloody gathering eyes of around the world. This total lunar eclipse is the first one in 2011, lasting 100 minutes. People in Israel, Pakistan, Brazil, Italy, China, Gaza, Serbia, Australia, Singapore, India were among the lucky dogs to watch the beautiful lunar eclipse. The people in the UK and other countries out og North America also witnessed the rare moment.
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Alibaba splits Taobao into 3 firms

Alibaba Group said on Thursday it has reorganized Taobao, China's largest e-commerce website, into three separate companies to better capture opportunities in the industry.
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Pandora shares soar in market debut

Pandora Media Inc opened 25 percent above its $16 IPO price per share in its stock market debut on Wednesday as investors flocked to get a piece of the latest Internet start up, even though it has yet to turn a profit.
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Euro again under pressure in Asia

The euro came under fresh pressure in Asia on Wednesday as worry about euro zone debt intensified, prompting a move away from riskier assets which helped gold extend gains.

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