CHINA

High Tech Vietnam: IBM Opens Da Nang Office

IBM's Expanion into Growth markets
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it opened a new center in Da Nang, Vietnam, its third center in the Southeast Asian country.
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Europe

OECD Sees Euro Zone Crisis Threatening Global Recovery

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
Nikkei Stock Exchange

Asian Stocks Advance Amid China?s Growth Pledge

Asian stock markets advanced for the second day Tuesday as China's commitment to stimulate growth in the world's second largest economy and signs of cooperation between German and French leaders buoyed sentiment.
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Nikkei Gains Ground

Japan's Nikkei share average rose in early trading Tuesday, continuing Monday's technical correction as investors picked up bargains after last week's flurry of aggressive selling, triggered by concern over a deepening euro crisis.
Nasdaq

Stocks Rally, China Hints At Stimulus: Daily Markets Wrap

The strain in this relationship between Germany and France was apparent Monday as finance ministers from both countries failed to resolve the question whether the euro zone would benefit from issuing joint European bonds. Berlin rejects the idea, stipulating that struggling economies need to clean up their messes before being given a reason not to.
On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble compone

Apple Building New Production Line Overseas, Foxconn Invests $210 Million Towards Expansion

On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble components for the company's line of desktop and laptop computers, smartphones, tablets, or possibly new computing devices.
U.S. National Debt

It's Not Our Debt, So Let's Not Pay It

During my many years of following American political thought, one overwhelming truth has emerged: There is nothing as powerful as an idea (be it intelligent or stupid) whose time has come.
Sold

Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25

This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
Traders work on the floor of the New York Stock Exchange

US Stock Futures Signal Rebound Monday

Futures on major U.S. indices point to a slight rebound on Wall Street Monday after a string of losses last week amid worries Greece might leave the euro and an emerging debt crisis in Spain.

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