Russia pushes for new reserve currencies at international summitsYEKATERINBURG, Russia — China and Russia sought greater international clout at a summit Tuesday, with China promising a $10 billion loan to Central Asian countries, while Russia challenged the dominance of the U.S. dollar as a global reserve currency. Kremlin adviser: Russia may put part of its currency reserves in bonds of China, Brazil, IndiaYEKATERINBURG, Russia — The Kremlin’s top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India. China to loan regional group including Russia, Central Asia $10 billion to help economiesYEKATERINBURG, Russia — Chinese leader Hu Jintao says China will extend a $10 billion loan to a regional group that also includes Russia and four Central Asian states. Russian President Dmitry Medvedev calls for new reserve currencies beyond the dollarYEKATERINBURG, Russia — Russian President Dmitry Medvedev says the world needs new reserve currencies. Top Hollywood lobbyist says growing private sector key to making China loosen film marketHONG KONG — Hollywood’s top lobbyist said Tuesday the American industry will increasingly work with the growing Chinese private film sector to pressure Beijing to loosen its movie quotas and better combat piracy. Ahmadinejad attends security summit in Russia amid turmoil over election at homeYEKATERINBURG, Russia — Russia welcomed Iranian President Mahmoud Ahmadinejad Tuesday on his first trip abroad since his bitterly disputed re-election, a show of support for a leader facing massive protests at home and questions from the West about the legitimacy of the vote count Russia’s Medvedev in regional summit talks with China’s Hu, Central Asian leadersYEKATERINBURG, Russia — Russia played regional power broker Monday, hosting China and Central Asian nations for a summit that highlights the Kremlin’s efforts to maintain clout in former Soviet territory and raise its profile in Afghanistan. World stocks fall, taking breather from rally, as global recovery prospects mulledTOKYO — World stocks retreated Monday as investors assessed whether recent signs of improvement in the recession-hit global economy justify the enormous rally in markets since March. Asian stocks fall, taking breather from rally, as global recovery prospects mulledTOKYO — Asian stocks edged lower Monday as investors assessed whether recent signs of improvement in the recession-hit global economy justify the enormous rally in markets since March. World stocks get lift from improvement in US retail sales, jobless claimsLONDON — European and U.S. stock markets rose Thursday after more encouraging U.S. economic data and despite worries about the risks to recovery posed by a rise in government bond yields and oil prices. European stocks trim gains ahead of expected flat US openLONDON — European stock markets trimmed earlier gains Thursday, with Wall Street projected to open flat, as investors looked past an increase in U.S. retail sales and worried about the risks posed by a rise in government bond yields and oil prices. European stocks up ahead of key US data; Asian markets mixed amid recovery doubtsLONDON — European markets rose cautiously Thursday as investors awaited U.S. economic data due later in the day for further signs that the recession plaguing the world’s largest economy is stabilizing. Asian stock markets mixed amid recovery doubts; Europe opens higherSHANGHAI — Asian stock markets were mixed Thursday, with Japan’s benchmark Nikkei index pulling back from its first move above 10,000 in eight months amid conflicting signs about the strength of an economic recovery. European bourses traded higher. China issues new IPO guidelines, opening way for new share listings following spring rallySHANGHAI — China’s securities regulator is allowing initial public offerings to resume after a nine-month hiatus after setting new rules that are expected to improve the odds for smaller investors. Asian stock markets advance; Japan’s Nikkei rises above 10,000 to reach 8-month highSHANGHAI — Asian stock markets advanced Thursday, with Japan’s benchmark Nikkei index rising above 10,000 for the first time in eight months amid cautious optimism that the region is slowly moving toward recovery. China passenger vehicle sales surge 47 percent in May as incentives entice buyersSHANGHAI — China’s passenger car sales shot up nearly 47 percent in May to 829,100 units, buoyed by tax cuts and other government incentives, the China Association of Automobile Manufacturers reported Tuesday. Reports: Chinese refiner Sinopec mulling takeover of Addax Petroleum, in latest overseas bidSHANGHAI — Chinese refiner Sinopec is in preliminary talks on acquiring Canadian oil and gas exploration company Addax Petroleum Corp., reports said Tuesday. Shanda Interactive to buy majority share in Hurray! HoldingSHANGHAI — Shanda Interactive Entertainment Ltd. said Monday it plans to acquire a majority of shares in Hurray! Holding Co. Ltd. China quarantines New Orleans Mayor Nagin, wife, guard after swine flu suspected on flightNEW ORLEANS — Chinese authorities have quarantined New Orleans Mayor Ray Nagin, his wife and a security guard in Shanghai after another traveler on their flight from New Jersey exhibited suspected swine flu symptoms. World stocks lower after US jobs data spur hopes and doubts; Japan gains 1 percentHONG KONG — World stock markets fell Monday as investors weighed the possibility of a weak economic recovery after U.S. job losses eased but unemployment reached its highest in more than 25 years. China Eastern, Shanghai Airlines shares suspended amid merger plan reportsSHANGHAI — Trading in shares of China Eastern Airlines and smaller rival Shanghai Airlines was suspended Monday, though neither carrier would comment on reports they plan to merge. Chinese net-addict teenagers given electric shocks as treatmentSHANGHAI - In a bid to prevent Internet addiction of their children, Chinese parents are turning towards electro-shock therapy at a clinic that claims they will be “reborn” free of the obsession. Bus fire in southwestern China kills 25; cause of blaze still unclearBEIJING — At least 25 people died and dozens were hurt Friday when a packed commuter bus burst into flames and was destroyed within minutes during the morning rush hour in the southwestern Chinese city of Chengdu. World stock markets rise ahead of US jobs report; resources gain as oil climbs above $69HONG KONG — World stock markets advanced Friday, with resource companies gaining as oil prices broke above $69 and mining giants Rio Tinto and BHP Billiton announced a partnership. Japan’s benchmark rose to an eight-month high. Asian markets rise as resource stocks advance, but investors cautious about US jobs reportHONG KONG — Asian stock markets advanced Friday, with resource companies gaining as oil prices broke above $69 and mining giants Rio Tinto and BHP Billiton announced a partnership. Japan’s Nikkei index rose to an eight-month high. Chinese regulators could block purchase of GM’s Hummer unit by Sichuan truck makerSHANGHAI — General Motors Corp.’s planned sale of its Hummer brand to a little-known Chinese truck maker could be blocked by regulators who have not approved the deal and are questioning its wisdom. Asia stock markets mixed amid caution ahead of key US jobs report; oil prices above $69HONG KONG — Asian stock markets were mixed Friday as investors tread cautiously ahead of a key U.S. jobs report that could bring more signs of recovery — or weakness — in the world’s largest economy. Hummer’s surprise Chinese buyer an ambitious newcomer to auto industryBEIJING — Hummer owners are an unusual breed, but a little-known Chinese company’s surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards. China Eastern Airline flight leaves for China after being stranded at LA airport over 2 daysLOS ANGELES — A China Eastern Airlines flight to Shanghai has finally left Los Angeles after being delayed almost three days and stranding 279 passengers. China Eastern Airline passengers complain of being stranded at Los Angeles airport for 2 daysLOS ANGELES — A China Eastern Airlines flight to Shanghai was scheduled to leave Los Angeles on Tuesday after being delayed nearly three days and stranding 279 passengers. |
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