CHINA

China Southern Airlines Gets the First A380 in the Country

China Southern Airlines Gets Its First A380 Aircraft

European aircraft manufacturer Airbus recently delivered the first of five A380s ordered by China Southern Airlines. The airline became the first in China and the seventh in the world to take delivery of the model.
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European summit hopes lift Wall Street

Stocks rose to their highest levels in more than two months on Friday in anticipation of a weekend European Union debt-crisis summit that could potentially remove a major cloud from markets.
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GE growth meets forecasts, but margins a worry

General Electric Co reported earnings that met Wall Street expectations, but its shares slipped 1.4 percent as investors worried about declining profit margins at its energy equipment division.
Agriculture

Big Commodity Trading Firms Reap Rewards from 'Sensational' Decade

For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses.
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Wall Street extends gains on bets on EU success

U.S. stocks rose to their highest in more than two months on Friday before a weekend European Union debt-crisis summit that could potentially remove a major headwind for markets and allow investors to focus on corporate results.
Guitarist Jonny Buckland (R) and singer Chris Martin of Coldplay perform during a concert as part of their ''Viva La Vida'' tour in Bogota

Coldplay Launch Fresh Chart Assault with Fifth Album

You may not understand the title of Coldplay's new album let alone be able to pronounce it, but Mylo Xyloto is a name music fans may have to get used to as the group launches a fresh assault on the world's charts.
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Stock futures higher after GE results, euro summit ahead

Stock index futures edged higher on Friday ahead of a much anticipated European Union weekend summit on the region's debt crisis and as results from General Electric Co did little to undermine hopes for a robust earnings season.
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GE profit meets Street view, sees 2012 growth

General Electric Co reported an 18 percent rise in quarterly profit that met Wall Street's expectations, as revenue rose across its big energy, aviation, healthcare and transportation arms.
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POSCO predicts tough fourth quarter after Q3 meets view

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted a dim outlook after posting a 6 percent rise in quarterly profit that met market expectations.
Germany's Chancellor Angela Merkel

Merkel Sticks to Hard Line on Euro Zone Solution

European leaders have put off crucial decisions on how to stop a sovereign debt meltdown in their currency zone, keeping markets on edge, to give German Chancellor Angela Merkel time to secure parliamentary support, EU sources said on Friday.
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POSCO sees tough 4th quarter after Q3 meets view

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted a dim outlook after posting a 6 percent rise in third-quarter profit that met market expectations.
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POSCO meets forecast, cuts capex by 18 percent

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted an uncertain outlook after posting a consensus-meeting profit for the third quarter.
Man looks at a stock quotation board outside a brokerage in Tokyo

Asian Markets Cautious Ahead of European Summit

Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.

Senate Approves Bryson as Commerce Secretary

The U.S. Senate, on a bipartisan vote of 74-26 on Thursday, confirmed former energy company executive John Bryson as commerce secretary, despite the objection of some Republicans due to his background as an environmentalist.

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