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Consumer sentiment improves, inventories drop

Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.

EU foreign policy chief seeks urgent Iran talks

The European Union's foreign policy chief Javier Solana said on Friday that he was seeking an urgent meeting with the Iranian chief nuclear negotiator after consulting six major powers over proposals submitted by Iran.

Volkswagen invests more in China, talks with Proton

German carmaker Volkswagen (VOWG.DE) is bolstering its presence in Asia after approving 4 billion euros ($5.84 billion) in new investments for China and mounting another effort to build cars in Malaysia.

Tengzhong's Hummer deal is trade, not investment

Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors Co should be viewed as a trade in technology and not an overseas investment, a top Chinese planning official said on Thursday.

More news

Studies show one dose of H1N1 vaccine may be enough

Two studies published on Thursday confirmed that a single dose of swine flu vaccine can protect people from the new pandemic H1N1 virus -- welcome news to global health officials who had worried that people might need two doses.

Alibaba to launch B2B platform in U.S. by year end

China's Alibaba Group said on Friday it will launch an international business-to-business (B2B) platform in the United States by the end of the year, as the company seeks to globalize its brand.

U.S. consumer sentiment improves, inventories drop

Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.

China tainted milk parents mourn, seek support

Chinese parents wept at a memorial for babies poisoned by tainted milk powder, demanding support for sons and daughters still sick a year after the scandal broke and more research into long-term problems.

Needle attacks and rumors spread in China's Xinjiang

Mysterious needle attacks have spread to new cities in China's restive far-western region of Xinjiang, the China Daily said on Friday, although once again the assaults appear to be a mix of real and imagined.

Wall Street flat despite improved consumer sentiment

U.S. stocks struggled for traction on Friday after five days of gains, even as positive economic data and a rosier outlook from FedEx supported hopes for economic recovery.

Wall Street flat after five days of gains

U.S. stocks were little changed on Friday as positive data and a rosier outlook from FedEx supported hopes for economic recovery, but Wall Street struggled for traction after five days of gains.

World must help China shift to clean growth: Stern

China will have to retool its engines of economic growth to help the world avoid increasingly dangerous levels of greenhouse gas emissions in coming decades, a leading expert on the economic impact of climate change said.

Wall Street set to rise on recovery hopes

Wall Street was set for a modestly higher open on Friday as investors were optimistic about economic recovery prospects and FedEx said its first-quarter earnings would exceed expectations.

Wall Street set for flat open after 5-day run

Wall Street was poised for a flat to higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but stocks could stall after five days of gains.

China FX diversification makes sense: U.S. official

It makes sense for China to diversify its huge stockpile of foreign exchange reserves, the U.S. Treasury's economic and financial emissary to China said on Friday.

Japan Q2 GDP revised down as inventory falls

Japan's economy grew a revised 0.6 percent in the three months to June, less than preliminary figures had shown but confirming that the economy crawled out of recession after a full year of sharp contraction.

OECD July indicator points to stronger recovery

The economic outlook improved in most countries in the 30-nation OECD area and clear signs of recovery can be seen in the major seven economies, an OECD survey said on Friday.

Futures edge up after Geithner comments, China data

U.S. stock index futures indicated a modestly higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but Wall Street could stall after five days of gains.

To the victors, the spoils: a post-Lehman scorecard

For Barclays and Nomura, the collapse of Lehman Brothers was the opportunity of the lifetime -- a chance to grab a seat at banking's top table as Wall Street's giants fell.

China economy surprisingly strong; policy intact

Chinese industrial output and other economic data surprised on the upside in August, suggesting its recovery is on a solid course but not so strong that Beijing will need to hit the policy brakes anytime soon.

Brilliance near vehicle deal with Daimler, Toyota: source

The state parent of Brilliance China Automotive is near a deal to make special purpose vehicles in China with Daimler AG and Toyota Motor , a company source said on Friday.

Weak dollar chase shares to new 11-month highs

A weakening dollar and robust Chinese economic data sharpened investor appetite for risk on Friday, sending world stocks to fresh 11-month highs.

Strong China data buoys Asia shares, dollar falls

Asian shares rose on Friday, buoyed by strong Chinese economic data which also boosted commodity prices and sent the dollar to its lowest in a year against a basket of currencies.

China auction site Taobao sees sales doubling in '09

China's largest online auction site Taobao is banking on rural transaction growth and its online mall selling top brands to double its revenue growth this year and help it break even, its chief executive said on Friday.

BMW says August China car sales up 63.2 pct yr/yr

BMW, the world's largest premium car maker, said on Friday its August car sales in mainland China surged 63.2 percent from a year earlier.

China Mobile targets $150 handset to boost 3G

China Mobile, the world's largest mobile carrier by subscribers, said on Friday it hoped to soon have lower-cost handsets for its 3G service, as it tries to popularise the service based on a homegrown standard.

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