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  • China stocks plunge on US debt train crash

    Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...

  • Gold dips slightly ahead of 3-day holiday weekend

    Gold futures on the COMEX division of the New York Mercantile Exchange dipped slightly Friday as investors abstained from trading ahead of the three-day holiday weekend.The most active gold contract for June delivery dropped 5.2 dollars, or 0.37 percent, to settle at 1,386.6 dollars per ounce.Gold traded quietly Friday, as the US Commerce Department announced that orders for durable goods ...

  • Chinese premier slams EUs trade measures against Chinese products

    Visiting Chinese Premier Li Keqiang on Friday criticized the European Union (EU) for its recent trade measures against Chinese mobile telecommunications equipment and solar panels.The measures will "harm others without benefiting oneself," Li said in a speech delivered at a luncheon with business and financial leaders.China has been actively pushing forward multilateral trade systems ...

  • China vows to further liberalize interest rates

    China will steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year, a central bank report said on Friday.The central bank, or the People's Bank of China, has pledged to further optimize the credit structure to allow the financial sector to better serve the real economy, according to the report on China's financial stability.It calls ...

  • Google eyes African Asian markets

    GOOGLE is reportedly deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast ...


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Movie Review

The Perfect Storm

"I had some misgivings about calling it The Perfect Storm, but in the end I decided that the intent was sufficiently clear. I use perfect in the meteorological sense: a storm that could not possibly have been worse." -- Sebastian Junger, from the Foreword to "The Perfect Storm" ...

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  • PRECIOUS-Gold dips but 2.15 pct weekly rise biggest in a month

    * Gold boosted this week by drop in stock markets, falling dollar * Fed official dampens talk Fed policy may soon tighten * Largest physical gold fund sees fresh outflow (Recasts, updates prices, adds comment, adds to byline, dateline (prev LONDON) By Carole Vaporean NEW YORK, May 24 (Reuters) - Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. ...

  • Asian Stocks End Mixed Nikkei Rises After Turbulent Trading

    Asian stocks traded mixed on Friday, with extreme volatility in Japanese shares keeping investors nervous. Japan's Nikkei index swung over 1,000 points for a second day in a row before ending notably higher on optimism over earnings growth and ...

  • Chinas bank card transactions exceed 100 tln yuan

    China's bank card transactions in the first quarter totaled 100.27 trillion yuan ($16.21 trillion), up 19.34 percent from the same period last year, the country's central bank said on Friday.A total of 10.63 billion transactions were made during the January-March period and the value for the first time exceeded 100 trillion yuan in one quarter, the People's Bank of China (PBOC) ...

  • Philippine bourse extends loss on US stimulus speculation

    The Philippine stock market again closed lower on Friday due to speculation that the United States Federal Reserve will pull back on its economic stimulus programs.The bellwether Philippine Stock Exchange index declined by 0.62 percent or 45.47 points to 7,268.91, while the broader all-share index slipped by 0.44 percent or 19.93 points to 4,465.49.Trading volume reached 887.51 million shares ...

  • PRECIOUS-Gold steadies near $1390oz set for best week in four

    LONDON, May 24 (Reuters) - Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly ...

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