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Arcelor, Nunavut unite in C$590 million Baffinland bid

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.

Gold bounces higher as euro loses strength

Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.
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Scientists make chickens that don't spread bird flu

British scientists have developed genetically modified (GM) chickens that cannot transmit bird flu infections -- a step that in future could reduce the risk of avian flu spreading and causing deadly epidemics in humans.
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Gold slips below $1,370/oz after China move

Gold fell in Europe on Friday after China's central bank raised lenders' reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.
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Stock futures fall, JPMorgan profit jumps

U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.
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China raises banks' required reserves again

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months to make good on its vow that inflation fighting will be a top priority for the year.
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China's first capsule hotel to open in Shanghai

China's first capsule hotel is set to open in Shanghai, targeting budget-conscious travelers in the country's glitzy commercial capital -- with rooms divided into different zones depending on snoring.

Google Wishes Indian Festival Pongal with New Doodle

Internet search giant Google Inc. has joined India's celebration of Pongal or Makar Sankranti festival with new Doodle, which has painted kites and flying balloons on its homepage. Makar Sankranti is a major harvest festival celebrated in various parts of India.
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Euro flat, sheds gains after China tightening

The euro was flat against the dollar on Friday, shedding early gains posted on ECB concerns about inflation as China again raised banks' reserve requirements to cool growth rates.

China says six-party talks key to N.Korea dispute

China said that six-party talks were more suitable than the U.N. Security Council for solving the nuclear standoff on the Korean peninsula, a senior Chinese diplomat said on Friday, days before a summit with President Barack Obama.

China's military advances challenge U.S. power - Gates

A U.S. military presence in the Pacific is essential to restrain Chinese assertiveness, Washington's defence chief said on Friday, describing China's technology advances as a challenge to U.S. forces in the region.

China defends yuan policy ahead of Hu's U.S. trip

China will not bow to foreign demand for faster gains in the yuan and will stick to its gradualist approach in currency reform, senior officials said on Friday, indicating Chinese President Hu Jintao may push back if President Barack Obama presses him on the issue next week.

U.S. again urges North Korea to meet its obligations

U.S. Defence Secretary Robert Gates on Friday held out the possibility of a resumption of six-party talks if North Korea ceases provocations and meets its obligations, but said there was no sign of it changing its ways.

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