CHINA

North Korea's Planned Rocket Launch Alarms South Korea, US, Japan

North Korean leader Kim Jong-Un waves during a military parade in Pyongyang
North Korea will launch a long-range rocket carrying a satellite into space next month. The earth observation satellite will be set into orbit between April 12 and April 16, which will coincide with the nationwide celebrations for the birth of the country's founder, Kim Il-sung.
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US Consumer Prices Likely Hit 10-Month High In Feb: Preview

The U.S. cost of living probably increased last month on higher gasoline prices, economists said before Friday's CPI report. But the Federal Open Market Committee said earlier this week that the surge in energy prices is temporary and inflation will stay below the Fed's 2 percent target in 2012.
PepsiCo "Banner Sun" Chip Brands

Pepsi Chips Surpass $10 Billion In Global Retail Sales: About The Food Company [VIDEO]

PepsiCo, Inc. might be associated with refreshing cola, but the company has hit a giant milestone with their popular “Banner Sun” potato chip brands. “The “Banner Sun” potato chips, which are comprised of Lay’s (U.S.), Smith’s (Australia), Walkers (U.K.), Elma’s (Brazil) and Sabritas (Mexico), have reached over $10 billion in global retail sales. The food company has been catering to chip taste preferences around the world, fueling their rising sales
Bo Xilai

Leading Leftist Bo Xilai Fired In China

The popular regional politician had been rumored to be in consideration for a promotion to the powerful Politburo Standing Committee ahead of a radical shake-up expected at the Communist Party's upcoming congress.
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China's Bank of Communications In $8.9B Share Offering

Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.
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Russia to sell $6 billion stake in Sberbank

Russia's biggest lender Sberbank plans to start a roadshow for the sale of a $6 billion government stake on April 16, in a move that underscores its arrival as a major player in a European industry decimated by the global financial crisis.
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China's BoCom raises $8.9 billion in private placement

China's fifth-largest lender, Bank of Communications Co Ltd , will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country's finance ministry.
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China Mobile Q4 growth mild; hopes pinned on iPhone tie-up

China Mobile <0941.HK>, the world's biggest wireless carrier by number of subscribers, met expectations by posting a 4.6 percent rise in fourth-quarter net profit on Thursday as higher mobile data usage offset some of the impact of hefty handset subsidies.
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Dollar gains; shares slip on China growth woes

Asian shares eased on Thursday on renewed concerns about Chinese growth, but a brighter global economic outlook underpinned the dollar and kept investor risk appetite intact, reducing the appeal of safe-haven government debts.
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George Clooney Testifies To Congress: War Crimes In Sudan [GRAPHIC VIDEO]

Oscar-nominated actor George Clooney testified before Congress on Wednesday about a humanitarian crisis taking place along the border of Sudan and South Sudan, where residents have been forced to seek refuge in the Nuba Mountains for fear of being killed by constant aerial bombing. Clooney returned from an eight-day trip in the area on Tuesday.
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China Mobile growth hopes pinned on iPhone tie-up, network upgrade

China Mobile <0941.HK>, the world's biggest carrier by number of subscribers, is set to post its slowest quarterly growth in almost two years on Thursday due to weak user rates, though the pace might pick up later this year if it attracts higher-end users with a network upgrade and lands an iPhone contract.
A worker inspects a Land Rover Discovery on the production line at their Production Facility in Solihull

India to Surpass Japan as No. 2 Asian Car Market by 2016

India will surpass Japan as the No. 2 vehicle market in Asia by 2016, according to a report in the Wall Street Journal based on data and research from IHS Automotive. The report also says that auto sales in China, Asia and the world's largest market, will continue to grow steadily through the rest of the decade.

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