IBT Staff Reporter

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Japan's TEPCO: no decision yet on sale of KDDI shares

Troubled Tokyo Electric Power Co. <9501.T> said on Monday it is mulling the sale of stock holdings and real estate, but said it has not decided whether to offload its shares in Japan's No. 2 mobile phone network KDDI Corp <9433.T>

China Locks Up More Cash as Prices Keep Rising

There will be a little less money to go around in China starting later this week. China's government is worried about rising prices and is tightening its grip on the country's cash. In the latest step, the country's banking authorities have told banks that they must raise the amount they set aside in their reserves another half a percentage point, effectively reducing lending.

A soft patch or something worse?

The U.S. economy appears to be running dangerously close to stall speed, and the rest of the world may not have enough oomph to compensate.

China's yuan nearly freely usable: central bank's Yi

China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday.

Amgen to outline strategy at investor meeting

Amgen Inc , whose cash balance has soared even as its core anemia drug franchise erodes, will outline its strategy -- and likely announce its first dividend -- at a meeting on Thursday with Wall Street.

IMF countries try to bridge economic policy rift

International Monetary Fund member countries sought to bridge sharp differences over the global economy, acknowledging that rising inflation in emerging markets poses a risk to rich countries too.

County Hardest Hit by Deadly Southeastern Storms

Bertie County in North Carolina on Sunday was hardest hit area in the wake of Saturday's deadly storms across the Southeastern U.S. with authorities continuing to assess the damage after a report of 14 deaths.

China raises bank reserves again

China raised banks' required reserves on Sunday for the fourth time this year, extending the fight against excessive liquidity and stubbornly high inflation in the world's second-largest economy.

Technology can't replace God: Pope

Pope Benedict led Roman Catholics into Holy Week celebrations, telling a Palm Sunday crowd that man will pay the price for his pride if he believes technology can give him the powers of God.

Iran accuses Siemens over Stuxnet virus attack

An Iranian military commander has accused German engineering company Siemens of helping the United States and Israel launch a cyber attack on its nuclear facilities, Kayhan daily reported on Sunday.

Tokyo Electric to sell KDDI shares for nuclear

Tokyo Electric Power Co. <9501.T> plans to sell its shares in KDDI Corp <9433.T> to help pay for compensation costs stemming from the disaster at its Fukushima Daiichi nuclear power plant, a newspaper reported on Sunday.

Obama committed to South Korea trade deal: Clinton

U.S. Secretary of State Hillary Clinton said on Sunday that concluding a long-delayed free trade agreement with South Korea was a priority for the Obama administration, and it was committed to getting the deal done this year.

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