CHINA

 Ford to invest $400 mln in Kansas plant, create 3,750 jobs

Losses in Europe, Growth in US - Time For Ford To Leave Europe?

Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
China Hijacking

China's First Plane Hijacking in 22 Years Foiled

Authorities are refraining from calling it terrorism, but the hijackers -- subdued by passengers -- were aboard a flight in a region of Western China where Muslim Uyghur separatists are active
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Apple Could Integrate iTunes Closer To iCloud

Apple (Nasdaq: AAPL), the world's most valuable technology company, may change the way iTunes works so that it?s more closely integrated with the iCloud file-storage service, news services said.
Syrian bomb blast

Bombs Rock Syria's Judicial Headquarters

Two bombs exploded Thursday in the parking lot of Syria's Palace of Justice, according to the country's state television, which reported plumes of smoke billowing up from downtown Damascus. The official media organ blamed the attack on terrorists.
Asian Stocks

Asian Stock Mostly Higher; Summit Doubts Cap Gains

Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.
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Vietnam Condemns 'Illegal' South China Sea Oil Bid

Vietnam has decried China's plan to open up disputed areas of the South China Sea to oil exploration as illegal, ratcheting up tensions between the two communist neighbors over maritime borders and natural resources.
Bank of China

Bank Of China Opens In Taiwan, Offers Billions In Loans

State-controlled Bank of China (Hong Kong: 3988) opened its first branch in Taipei Wednesday in the first arrival of a mainland bank in Taiwan and plans to increase lending to local businesses, China Daily reported.
Chile and China

China Is Making A Big Splash In America's Backyard

Latin America and China are closer than ever, and Prime Minister Wen Jiabao is touring the continent with a bucketful of money. Everybody wins? Some critics are skeptical
Best Buy bags U.S. mobile venture, axes UK chain

Best Buy Preps For Cautious China Re-Entry

Best Buy Co. Inc. (NYSE: BBY) is returning to China, but this time the world's largest electronics retailer is returning as a smaller version of its previous self.
Chinese Yuan

Profits at State-Owned Chinese Companies Decline

Higher costs and a spike in taxes are squeezing the bottom line at China's state-owned companies, the Xinhua news agency reported on June 15, driving down profits and slowing down the rate of growth in operating income.

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