CHINA

China, Japan, S. Korea Agree On Trade Pact Talks

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Chinese Premier Wen Jiabao called on northeast Asia's powers to cooperate more in the face of global economic headwinds, as China, Japan and South Korea agreed at a summit on Sunday to soon launch negotiations on a three-way free trade pact.
Zhou Xiaochuan, left, China's central bank governor, leaves after a news conference as a part of the U.S.-China Strategic and Economic Dialogue at the Diaoyutai State Guesthouse in Beijing, May 3, 2012.

People's Bank of China Cuts Reserve Requirement Ratio By 0.5%

China's economic growth has been comparatively anemic lately, so the People's Bank of China will give it a transfusion by cutting the banks' reserve requirement ratio by 0.5 percentage point (50 basis points) on May 18, according to the country's official Xinhua News Agency.
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Ai in Tate

Chinese Dissident Ai Weiwei's Sunflower Seeds Pull In $782,000

An auction of Chinese dissident artist Ai Weiwei's porcelain sunflower seeds at Sotheby's in New York on Wednesday has fetched almost $800,000 - but it's unclear how much of the money will find its way to the hundreds of Chinese workers who made them.
Gold

Gold Prices Drop To Four-Month Low

Gold prices fell to a four-month low on Friday as worries over the financial health of Greeceand Spain and huge trading losses for JPMorgan hurt stock markets and the euro, prompting investors to seek refuge in the dollar.
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Asian Shares Fall On JPMorgan Shock, China Data Awaited

Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
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Asian Stocks Dip On JPMorgan Shock; China Data Awaited

Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
A woman clad in burqa walks out of the Nejat drug rehabilitation centre, an organisation funded by the United Nations providing harm reduction and HIV/AIDS awareness, in Kabul

The Global Fund Gets $1.6 Billion Shot In Arm

The Global Fund, a leading financier in the struggle against AIDS, tuberculosis and malaria, expects to have an additional $1.6 billion to fund projects in 2012-2014, its new chief said on Wednesday, a turnaround from a funding freeze last year.
Chinese Village in Wales

The ?Inappropriate? Chinese Holiday Village in Wales

It was to be the first purpose-built retreat center for inhabitants of the world?s largest country, but plans for the £50m ($80m) Chinese holiday village in Wales were dealt a blow recently after inspectors deemed the design ?inappropriate.?

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