CHINA

Wall street edged down at the open on Friday after April U.S. inflation rose in line with expectations, helping investors reassess the recent volatility in the commodities market.

China's Alibaba Group said it told its board in July 2009 that it had transferred ownership of its online e-commerce business to Chief Executive Jack Ma, rejecting allegations by major shareholder Yahoo Inc that it had been blindsided by the deal.

The Dollar price of Gold on wholesale markets continued to rally Friday morning, rising as high as $1516 per ounce - less than 4% off this month's all-time high - before slipping back, while stock and commodity markets recovered some of Thursday's losses.

Oil rose more than $1 on Friday, taking benchmark U.S. crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.

U.S. stock index futures edged up on Friday ahead of key inflation and consumer confidence data that will give investors a chance to reassess recent volatility of the commodities market.

Brazil will apply non-tariff trade barriers on cars in an effort to protect domestic manufacturers, the government said on Thursday, in a new example of escalating protectionism in South America.

The top after-market NASDAQ Stock Market gainers are: Tree.Com, Vermillion, Velti, Star Bulk Carriers, and Penson Worldwide. The top after-market NASDAQ Stock Market losers are: Imris, Andatee China Marine Fuel Services, Celldex Therapeutics, Universal Display, Winn-Dixie Stores, Yahoo!, and Nvidia.

A gasoline bomb set off by a former bank cashier in the north-western province of Gansu in China killed dozens of people on Friday.

iPad 2 and iPhone 4 may not be available in time to meet the demand of Apple’s customer in the second quarter of the year, due to a shortage of part and labor.

The White House on Thursday pressed Congress to pass strong cybersecurity measures to protect consumers' personal information and safeguard the nation's financial system and electric power grid from potentially devastating attacks.

The US dollar's reserve currency status is challenged by the Chinese yuan and gold, said experts in the financial industry.

Oil rose slightly in volatile trading on Thursday, rebounding from a 5 percent plunge in the previous session as a weaker dollar prompted investors to buy riskier assets.

Global equity markets, commodities and currencies continue to move lower on the heels of concerns about Greece

The White House issued a proposal on Thursday to secure critical U.S. infrastructure and federal computer networks that aims to fend off attackers while assuring the privacy of Internet users.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

Cannes 2011: Italian Director, Bernardo Bertolucci was presented with the Palme d'Honneur, a lifetime achievement award.

Oil rebounded in volatile trading on Thursday following a 5 percent plunge in the previous session as a weaker dollar offset demand worries.

Oil rebounded on Thursday in choppy trade, as a weaker dollar pulled crude up off losses struck after the International Energy Agency cut its global demand forecast and China further tightened its bank reserve requirements.

Baidu Inc, China's top search engine, has been found guilty of copyright infringement and ordered to pay compensation to a popular literary website, the Shanghai Daily reported on Thursday.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

China's Sina Corp plans to ramp up investment in its hot Twitter-like product, Weibo, for the rest of the year in order to fend off competition from Tencent Holdings and attract a wider user base.