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DuPont says extends Danisco offer

U.S. chemicals company DuPont extended its $6 billion takeover bid for Denmark's Danisco by four weeks and said shareholders of 6 percent of Danisco's stock had accepted the offer.

China economist blasts dollar dominance on eve of G20

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Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
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Facebook investor joins funding round for 360buy.com: report

Russian Internet investment group Digital Sky Technologies, an investor in social network company Facebook, has joined a group of investors funding hundreds of millions of dollars to 360buy.com, China's largest online retailer, the Financial Times reported.
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World Market Update 29/03/2011

U.S. stocks gave up modest gains and ended slightly lower as declines from consumer and technology companies’ shares weighed in the final hour of trading session.
R&D China

China set to overtake US in scientific research output

China's share of global authorship went up from 4.4% to 10.2% between the periods studied, taking the country from sixth to second position globally. Whether it can match quantity with quality, however, remains to be seen.
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World Market Overview 29/03/2011

U.S. stocks gave up modest gains to turn lower in the final minutes of Monday's trading session, as financials and materials sectors joined consumer and tech stocks in the red.
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Business group says Doha round hopes fading

Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become personally involved, an influential U.S. business group said on Monday.
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P&G, Unilever up China prices, fuel inflation fears

Consumer goods giants Procter & Gamble and Unilever will both raise detergent and soap prices in China by up to 15 percent next month, local media reported, underscoring the battle the government faces with inflation.
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Prominent Chinese blogger charged as crackdown deepens

Chinese police have arrested prominent writer Ran Yunfei for challenging the ruling Communist Party, people close to the blogger said on Monday, the latest in a string of arrests in a deepening crackdown on dissent.
Traders work on the floor of the New York Stock Exchange

World Market Overview 28/03/2011

U.S. stocks gained for the third consecutive day on Friday as investors shook off global fears and focused instead on upbeat earnings.
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Wal-Mart to reopen 12 quake-hit stores in Japan

Wal-Mart Stores Inc will re-open 12 of its Seiyu stores in Japan which were affected by the earthquake, and is hoping to open the remaining 12 impacted stores as soon as possible, a spokesman for the U.S.-based retailer said.
Earth Hour

Earth Hour along Asia, Africa, Europe lifts the spirit

The symbolic action of turning lights out for an hour in an expression of concern for the environment is in the process of being officially observed in thousands of communities across 134 countries and territories on Australia, Asia, Africa and Europe.
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Latin America pressed on rising inflation

The International Monetary Fund warned Latin America on Saturday that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation.
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Commodity boom weighs on policy in Americas

Canada says the current commodities boom could last decades and warned developing countries against being too timid with interest rate hikes, while the International Monetary Fund said that much of the Latin American economy is overheating.

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