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New world economic order takes shape at G20

The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique.

Ford plans $490 mln China plant investment

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Ford Motor Co (F.N) announced on Thursday plans to build a new $490-million flexible assembly plant in China, its third in the country, increasing annual production capacity by one-third to meet growing demand.

Ghosn, Immelt see future for electric cars

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A world where electric cars running on clean power is getting closer, corporate leaders said on Thursday, the day after an electric car battery maker raised much more than expected in an initial public offering.
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Ford cements China ties, sees return to profit

Ford Motor Co (F.N) said it expects to return to the black in 2011, as it expanded ties with the fast-growing and lucrative China market with plans to build a new $490 million plant there.
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Nintendo to cut Wii price by 20 percent

Nintendo Co Ltd will cut the price of its popular Wii video game console by 20 percent, responding to similar cuts by rivals Sony Corp and Microsoft Corp aimed at kick-starting demand.
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A123 IPO puts spotlight on energy storage market

Lithium-ion battery maker A123 Systems Inc has a history of losses, is uncertain about its ability to generate positive cash flow -- and is the most talked-about company going public this week.
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China army parade may give clue to new missiles

When the National Day parade rolls down Beijing's streets next week, foreign observers will look beyond the goose-stepping soldiers for signs that China is developing a new missile able to threaten U.S. aircraft carriers.
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India urges G20 to shun protectionism, U.S. pushes plan

India's prime minister called on Group of 20 nations on Wednesday to send a strong warning against protectionism this week as world leaders seek to shore up a tentative global recovery and prevent future economic crises.
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Asia stocks at 13-month high

The dollar slid to a one-year low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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Dollar hits 13-month low, Asia stocks push higher

The dollar slid to a 13-month low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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G20 Support builds for rebalancing world economy

Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold.
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Exhibit gives a back room glimpse of World War Two

Documents and personal letters from world leaders provide a glimpse of the back drop to key historical events and a new exhibit highlights several from the defining event of the 20th century -- World War Two.
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FOREX-Dollar hits 1-year low vs euro before Fed, G20

The euro hit a one-year high against a sliding dollar on Tuesday as dealers resumed selling the U.S. currency following its rise the previous day, while markets awaited a Federal Reserve policy decision and Group of 20 summit later in the week.
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Ford to announce 3rd China car plant: source

Ford Motor Co and its Chinese partner will announce plans on Friday for their third car manufacturing plant in China, where sales may soon outpace its existing capacity, an industry source said on Tuesday.
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Asia stocks edge up, dollar runs out of steam

Asian shares edged higher on Tuesday, helped by gains in South Korean technology shares, while the New Zealand dollar surged to a 13-month high on signs of a recovery in prices for the country's key dairy exports.
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Asian shares subdued, Kiwi hits 13-month high

Asian shares inched up on Tuesday with softer commodity prices weighing on Australian stocks, while the New Zealand dollar hit a 13-month high on signs of a recovery in prices for the country's key dairy exports.
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10 Weird Food Delicacies From Around the World

Travelling is often about trying the unusual and attempting to experience the different culture of the country you are visiting. One of the best ways to do this is to try the foods the native people eat.
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JAL's lenders seek to carve out profitable operations

Japan Airlines Corp's lenders may approach the Japanese government for a drastic overhaul of the struggling air carrier, including a move to separate its profitable operations from money-losing segments, the Nikkei business daily reported without citing sources.
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United Korea economy could pass Japan: Goldman Sachs

A united Korea -- combining Asia's fourth biggest economy with one of its poorest -- could surpass that of Germany or Japan in economic might in the next 30-40 years, U.S. investment bank Goldman Sachs said on Monday.

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