IBT Staff Reporter

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China's Baidu ties up with Microsoft to power English search

Baidu, which has three-quarters of China's search market, signed a deal with Microsoft's Bing to offer English-language search to Baidu users, as it eyes an overseas expansion and Microsoft aims to increase its presence in the world's largest Internet market.

Google+ on fire, but will it burn Facebook?

Google+ is on fire with praises pouring in for its new approach to social networking. An insane demand for Google+ has forced the Internet search engine giant to suspend Google+ invites. Google+ has even caught the attention of Facebook founder Mark Zuckerberg, who reportedly has opened an account. Google+, undoubtedly, is on fire but will it burn Facebook?

Stocks at 4-1/2 week high, risk back in favor

World stocks hit a 4-1/2 week high Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

Tiny Spanish company launches book-sharing site

Tiny Spanish firm 24symbols has launched a digital book reading and sharing site modeled on European digital music service Spotify, aiming to generate income from publicity and subscriptions.

Markets anticipate Nasdaq/LSE tie-up after TMX flop

The London Stock Exchange should consider a tie-up with Nasdaq OMX to secure its place as a global competitor, after its failed bid for Canadian group TMX made it vulnerable as a takeover target, investors and market participants said.

Foster's wine spin-off surges on report of Chinese interest

Shares in Australia's Treasury Wine Estates Ltd surged 11 percent to a record on Monday, valuing the world's second-largest winemaker at $2.6 billion, following a report that China's Bright Food Group was considering a bid for the company.

Exclusive: Peabody, China and Russia teams chosen in mine bid

Mongolia chose U.S. miner Peabody Energy , a venture between China's Shenhua <1088.HK> and Japan's Mitsui & Co <8031.T>, and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday.

Japan's Fujifilm aims to be world No. 3 in cameras

Japan's Fujifilm aims to become the world's fourth largest camera maker by next March and the No. 3 manufacturer two years later, overtaking first rival Samsung and then Nikon, a senior company executive said.

iPhone 5 versus Samsung Hercules: All muscle, no brain?

Samsung Hercules, the new rumored smartphone “beast” that will allegedly steal Apple iPhone 5’s thunder this Fall, is flexing its muscles, much like the Greek demigod whose name it bears, but can it really wean away iPhone fans?

China pulls Asia stocks up for fifth day

Asian equities climbed a fifth consecutive session on Monday, led by Chinese stocks, though the euro turned lower after ratings agency S&P warned that any rollover of Greek's debt would constitute a default.

Peabody, China, Russia teams chosen in Mongolia mine bid

Mongolia chose miner Peabody Energy , a venture between China's Shenhua <1088.HK> and Japan's Mitsui & Co <8031.T>, and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday.

Boeing mulling new supplier system in case of natural disaster

Boeing said on Monday it is considering building a new supplier system to minimize the impact of natural disasters on its operations, after a massive earthquake in Japan hurt production of the aerospace and defense firm's long-delayed 787 Dreamliner aircraft.

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