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  • US near loses its AAA rating

    2011-07-26 06:36

    The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a impasse in Washington reduced hopes of an agreement to meaningfully cut the budget deficit.

  • Under debt shadow, Clinton to push Asia

    2011-07-25 13:29

    US Secretary of State Hillary Clinton will urge Asia to embrace "open, free, transparent and fair" global trade rules in a speech on Monday overshadowed by fears of a catastrophic US debt default.

  • James Murdoch under pressure over testimony

    2011-07-25 11:28

    News Corp executive James Murdoch was under pressure on Monday over his handling of a phone-hacking scandal that has hit the Murdoch family's media empire and could jeopardise his own position at the company.

  • SAFE: No direct forex loss from yuan's rise

    2011-07-20 17:17

    China's foreign exchange regulator reiterated Wednesday that an appreciation of China's currency renminbi will not directly result in a loss of the country's foreign exchange reserves.

  • Mongolian coal mining deal still discussed

    2011-07-20 17:09

    Negotiations over the development of Tavan Tolgoi, one of the largest coking coal deposits in Mongolia, are still underway, said a senior official of the mine's owner Erdenes MGL.

  • Chinese, Russian automakers form joint venture

    2011-07-19 20:00

    China's fifth largest automotive group, Beijing Automotive Group (BAIC Group), announced Tuesday the establishment of a joint venture with Russia's AMS Auto.

  • Europe leaders to meet on debt crisis

    2011-07-16 08:57

    Eurozone countries would hold an emergency summit next Thursday in a bid to handle the prolonged debt crisis in Europe, European Union (EU) president Herman Van Rompuy said Friday.

  • 8 European banks fail stress test

    2011-07-16 08:55

    Eight out of 90 European banks have failed a crucial stress test and another 16 banks dropped in the danger zone, the European Banking Authority (EBA) said on Friday.

  • ConocoPhillips to split into two businesses‎

    2011-07-14 19:40

    ConocoPhillips, the nation's third-largest oil company, says it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire once the transaction is complete.

  • Temasek plays down China share sales

    2011-07-07 10:32

    Singapore's sovereign wealth funds Temasek Holdings has said its partial sale of stakes in China's state-owned banking giants Bank of China (BOC) and China Construction Bank (CCB) is part of its routine portfolio adjustment, a local daily reported on Thursday.

  • Facebook adds video calling, group chat

    2011-07-07 07:27

    Facebook is striking back at Google Inc, which last week introduced a social networking service dubbed Google+, launched a video-calling feature with Skype for its 750 million users. Google+ challenges Facebook in new battle

  • IMF new chief tries to be 'a good conductor'

    2011-07-07 01:34

    Christine Lagarde went through 18 hours of briefing on her first day as the first woman managing director of the IMF since its creation in 1944.

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