CHINA

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.

Apple, Foxconn review China factory explosion

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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.

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 Telecom in touch with Apple on CDMA iPhone

China Telecom Corp Ltd, the smallest of the country's three wireless carriers, has contacted Apple Inc to introduce the popular iPhone based on CDMA technology, Chairman Wang Xiaochu said on Friday.
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NYSE working with Shanghai on international board

The New York Stock Exchange is working with China to launch the country's international board that will allow foreign firms to list on the mainland, in a move seen as a crucial step in developing its capital markets.
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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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