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  • Nintendo lifts lid on Wii U, seeks hardcore gamers

    2011-06-08 09:03

    While the first new gaming console in five years fell short of being the game-changer the original was -- luring millions of new casual users with its simplicity and motion-control -- industry executives and analysts gave the Wii U's touchscreen controller the thumbs-up.

  • Ford eyes India, China to hit 50% growth goal

    2011-06-08 06:26

    Ford Motor Co is aiming to expand its presence in the fast-growing auto markets of India and China with an eye toward increasing the number of vehicles it sells per year by 50 percent by the middle of the decade.

  • Singapore to take No 2 gambling spot from Vegas

    2011-06-07 17:22

    Gambling industry executives say Singapore is set to overtake Las Vegas to become the world's second-biggest casino market as early as this year

  • IMF urges EU faces 'tough decisions' on Greece

    2011-06-07 16:32

    An envoy from the International Monetary Fund says European countries must decide how to plug potential funding gaps for Greece next year before the IMF can release the next batch of loans.

  • Greece sees austerity vote by end-June

    2011-06-07 15:31

    The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout, by the end of June, a senior government official said on Tuesday.

  • Bernanke to take spotlight and assess economy

    2011-06-07 14:32

    It's Ben Bernanke's turn to assess how much the economy has weakened. Investors have pushed stock prices lower for four straight days in response to data showing weaker hiring in May, falling home prices and a drop in manufacturing. On Tuesday, the Federal Reserve chairman will offer his outlook.

  • Sony unveils next-gen portable device 'Vita'

    2011-06-07 11:18

    Sony Corp. on Monday took the wraps off its next generation portable gaming machine, PlayStation Vita, a touch-interface and motion-sensitive handheld that outdoes its workhorse PlayStation Portable and will go on sale before the winter holidays. Company executives have called the device Sony's biggest product launch since the PlayStation 3 five years ago.

  • IMF, World Bank to hold 2012 annual meetings in Japan

    2011-06-07 11:17

    The International Monetary Fund (IMF) and the World Bank Group will hold their 2012 Annual Meetings in Tokyo, Japan, in October 2012, announced the IMF on Monday.

  • OPEC may increase oil supplies this week

    2011-06-07 08:26

    Gulf Arab OPEC members, led by Saudi Arabia, will push for an increase in supplies at a meeting of the oil cartel this week. The move is part of an effort to support flagging world economic growth by bringing crude prices back below $100 a barrel.

  • New Greek bailout on cards

    2011-06-07 08:22

    The Greek Prime Minister George Papandreou started a campaign on Monday to secure a new international bailout by imposing years of austerity on a nation already seething over corruption and economic mismanagement.

  • Plane makers promote biofuels

    2011-06-07 08:20

    Airbus SAS and Boeing Co are talking to farmers and refiners of biofuels in the hopes that cleaner energy may eventually supply as much as 30 percent of the $140 billion aviation fuel market by 2030.

  • IATA says airline profits to plunge this year

    2011-06-06 12:49

    A global airline group says the industry's profits will likely plummet this year because of natural disasters, political violence and higher fuel prices.

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