CHINA

Gold Rises Ahead of New Greek Talks, U.S. Data

Gold bullion bars
Gold rose on Wednesday, gaining from investor unease over the lack of a solution to the European debt crisis that dented other more industrial raw materials, such as crude oil and copper, ahead of further possibly weak U.S. data.
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A Yahoo! billboard is seen in New York's Time's Square

Yahoo: Breaking Up Is Easy To Do

The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
Shanghai subway trains collide injuring more than 270

Shanghai subway trains collide injuring more than 270

Two subway trains collided in Shanghai on Tuesday injuring more than 270 passengers, 20 critically, prompting public anger two months after a crash between two high-speed trains and renewing concerns about China's aggressive rail building plans.
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Foxconn says fire at China plant extinguished

A fire at a plant belonging to Apple Inc supplier Foxconn Group in Shandong, eastern China, has been extinguished without casualties and there will be no impact on operations, said a spokesman for group's listed entity Hon Hai Precision Industry Co Ltd .
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Japan's Kobe Steel mulls sheet plant in China

Kobe Steel Ltd , Japan's No.4 steelmaker, said on Tuesday it was in talks with China's Anshan Iron and Steel Group to jointly build a plant for high-strength automotive steel sheets in China, in a bid to tap growing demand for lighter vehicles there.
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Greentown woes reveal risks in China property boom

China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash.
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Blunt talk from China ex-premier stirs reform pot

Crumbling flood dykes in China decried as tofu dregs built by parasites. Erring bankers lashed as half-wits and crime accomplices. Special hotels for Communist Party elite dismissed as wasteful piles of golden splendour.
Are we being productive?

Do Tablets Increase Productivity?

A recent Citigroup survey asked 1,800 consumers from the U.S., UK, and China what purposes their tablets served. Probably expected, most tablet wielders are browsing the web, checking email, or instant messaging.
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India's Commodity Exchanges: Will Politics Hinder Growth?

India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.
Obama no child

Obama, on U.S.Jobs Tour, Chides Europe on Debt Woes

President Barack Obama said on Monday that Europe's debt crisis was scaring the world and eurozone leaders were not acting fast enough, underscoring concerns about the fallout for the U.S. economy and his own re-election chances.
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Big-name celebs irk Ottawa in pipeline debate

Canada's energy minister shot back on Friday at Hollywood celebrities protesting a plan to build a $7 billion oil pipeline to Texas from Alberta in the first public indication that the protests are getting under Ottawa's skin.
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Gold to Remain as a Hedge, Despite Recent Falls - Analyst

Gold will continue to serve as a hedge against risk on a longer-term basis despite recent falls, given the lack of other safe-haven assets to protect investors against global economic uncertainty, a manager at Stenham Asset Management said.

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