CHINA

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

IMF hopeful Lagarde's support grows but emerging economies express reservation

After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.
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Explosion at China iPad factory highlights lax safety

A deadly explosion at a Chinese factory making iPads for Apple has focused attention on lax industrial safety standards that continue to plague many Chinese workers, while raising supply chain risks in the high-end electronics sector.
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Toshiba cautious on nuclear, eyes renewables

Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors and that it would expand sales in renewables, amid tighter safety standards in the wake of the crisis at the Fukushima Daiichi nuclear plant.
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Toshiba may push back nuclear target by several years

Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors by March 2016, as governments tighten regulations in the wake of the crisis at the Fukushima Daiichi nuclear plant.
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Glencore set for weak London, HK debut on valuation concerns

Shares of top commodities trader Glencore International are set for a weak start when they begin trading in London on Tuesday and Hong Kong the following day, reflecting investor concerns that the $10 billion initial public offering was over-priced.

Lagarde Not A Sure Thing As Next IMF Chief

Despite being the ‘heir apparent’ to the top post of the International Monetary Fund (IMF), Christine Lagarde has cautioned that her candidacy might be premature.
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Euro zone, China PMIs ease as policy bites

Manufacturers in Europe and China tapped the brakes this month and price pressures eased as tighter policy measures to control inflation began to bite, purchasing managers' indexes showed on Monday.

China’s manufacturing growth slows in May

After Chinese government tightened the monetary policy in April for four times, the manufacturing growth of the country slowed in May, while price pressures eased, according to a survey showed on Monday, Reuters reported.

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