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US to tighten sanctions on Iran

US senators proposed further tightening sanctions on Iran reflecting fears that companies overseas, particularly in China, are evading U.S. penalties imposed last year for doing business with Iran, Reuters reported on Wednesday.
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Five tallest buildings in the world

Take a look at the world's five tallest buildings: Burj Khalifa, Taipei 101, Shanghai World Financial Center, International Commerce Center (Hong Kong) and the Petronas Towers.
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Oil rises after U.S. inventory report

Oil turned higher on Wednesday with Brent crude climbing above $113 a barrel after weekly U.S. government inventory figures an unexpected draw in stocks of distillates, which include heating oil and diesel
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ZTE to launch LTE devices, Microsoft Mango

ZTE Corp, China's No.2 network equipment maker, plans to launch LTE devices in the United States along with smartphones based on Microsoft's Mango operating system to expand its U.S. footprint.

Geithner praises both IMF candidates Lagarde and Carstens

The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.

China suspends executions for two years

The Supreme People's Court - the highest court in Mainland China - has ordered lower courts to suspend death sentences for two years, but only in cases that does not call for immediate execution.”
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BOJ sees recovery signs, exports slump taken in

Japan's economy is already showing signs of recovering from a slump that followed a devastating earthquake in March, Bank of Japan Governor Masaaki Shirakawa said on Wednesday while stressing that the central bank would remain vigilant about economic risks.
Prime Minister Manmohan Singh

India deepens ties with Africa, donates $5 billion

In a budge to deepen its economic ties with Africa, Indian Prime Minister Manmohan Singh is on a six days long visit to Africa from Monday. India, trying to emerge from the shadow of rival China by is offering $5 billion to help the continent rich with minerals and commodities, Reuters reported on Tuesday.

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

IMF hopeful Lagarde's support grows but emerging economies express reservation

After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.

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