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  • Asian Markets Weekly Update Fed Fears and Weak Chinese Factory Data Fuel Sell-Off

    Most Asian markets outside Shanghai were down this week with the Nikkei shedding last week's gains and ending the week's trade at 14612.45, a 4.35% plunge in the five days to 24 May. Equities in the world's third biggest economy were pulled down during the week, tanking 7% on 23 May, by news that the US Federal Reserve could decrease its asset buys in the coming months and by ...

  • Kobe Steel mulls shutting blast furnace in western Japan -Nikkei

    TOKYO | Sat May 25, 2013 4:24am EDT TOKYO May 25 (Reuters) - Kobe Steel Ltd is considering shutting a blast furnace in Kobe, western Japan, to cut production capacity by 20 percent, the Nikkei business daily reported on Saturday, as it tries to turn around its loss-making iron and steel business. Its iron and steel operations posted an ordinary loss of 50.2 billion yen ($496.1 million) ...

  • China stocks plunge on US debt train crash

    Chinese stocks tumbled Monday as investors sold off holdings increasingly worried about a possible default of government debt by the United States which is to bring the global economy back to a serious slowdown. Also, railway shares plunged after the weekend deadly high-speed train wrecking accident in East China's Zhejiang Province which has killed at least 36 people and injured more than ...

  • Gold dips slightly ahead of 3-day holiday weekend

    Gold futures on the COMEX division of the New York Mercantile Exchange dipped slightly Friday as investors abstained from trading ahead of the three-day holiday weekend.The most active gold contract for June delivery dropped 5.2 dollars, or 0.37 percent, to settle at 1,386.6 dollars per ounce.Gold traded quietly Friday, as the US Commerce Department announced that orders for durable goods ...

  • Chinese premier slams EUs trade measures against Chinese products

    Visiting Chinese Premier Li Keqiang on Friday criticized the European Union (EU) for its recent trade measures against Chinese mobile telecommunications equipment and solar panels.The measures will "harm others without benefiting oneself," Li said in a speech delivered at a luncheon with business and financial leaders.China has been actively pushing forward multilateral trade systems ...


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Movie Review

The Rules of the Game (Le Règle du jeu) [DVD]

The Rules of the Game (Le Règle du jeu) [DVD]

Franois Truffaut called Jean Renoirs The Rules of the Game (Le Rgle du jeu) the credo of film lovers, the film of films. Indeed, having been ranked as one of the 10 greatest films ever made on Sight & Sounds influential International Critics Poll list since its inception in 1952, the intensity with which this film is now admired and revered is matched only by the vitriol and ... ...

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  • China vows to further liberalize interest rates

    China will steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year, a central bank report said on Friday.The central bank, or the People's Bank of China, has pledged to further optimize the credit structure to allow the financial sector to better serve the real economy, according to the report on China's financial stability.It calls ...

  • Google eyes African Asian markets

    GOOGLE is reportedly deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast ...

  • PRECIOUS-Gold dips but 2.15 pct weekly rise biggest in a month

    * Gold boosted this week by drop in stock markets, falling dollar * Fed official dampens talk Fed policy may soon tighten * Largest physical gold fund sees fresh outflow (Recasts, updates prices, adds comment, adds to byline, dateline (prev LONDON) By Carole Vaporean NEW YORK, May 24 (Reuters) - Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. ...

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