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Asia stocks fall ahead of Fed statements

Submitted by Fox First at Ten on May 21st

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program. The Fed is conducting its third round of massive bond purchases known as quantitative easing

China's Xi will meet Obama earlier than expected

Submitted by Fox First at Ten on May 21st

BEIJING (AP) - China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. The June 7-8 meeting at a retreat

China asks NKorea to release fishing boat, crew

Submitted by Fox First at Ten on May 20th

By LOUISE WATTAssociated Press BEIJING (AP) - China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held for ransom, in the latest irritant in relations between the neighboring allies. Boat owner Yu Xuejun,

Chinese, Indian leaders call for cooperation

Submitted by Fox First at Ten on May 20th

By RAVI NESSMANAssociated Press NEW DELHI (AP) - The leaders of India and China played down their recent border dispute and other tensions Monday, pledging to work together for regional stability and the economic growth of the world's two most populous nations. Friction has been building

China sentences underground bank operator to death

Submitted by Fox First at Ten on May 20th

By JOE McDONALDAP Business Writer BEIJING (AP) - A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by entrepreneurs. Lin Haiyan was convicted of "illegal fundraising" for

Oil price falls below $96 a barrel

Submitted by Fox First at Ten on May 20th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 55 cents to $95

China asks NKorea to release fishing boat, crew

Submitted by Fox First at Ten on May 20th

Asian stocks rise on signs of steady US recovery

Submitted by Fox First at Ten on May 20th

By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. A gauge of future economic activity issued Friday rose more than expected, a sign that the world's biggest economy is improving. Consumer

Taylor Swift wins 8 trophies at Billboard Awards

Submitted by Fox First at Ten on May 19th

By MESFIN FEKADUAP Music Writer Another day, another domination for Taylor Swift: She was the red hot winner at the Billboard Music Awards. Swift won eight of 11 awards, including top artist and top Billboard 200 album for "Red." She told the crowd: "You are the longest and best relationship I ever

'Britain's Obama' urges ties with West Africa

Submitted by Fox First at Ten on May 19th

By ROBBIE COREY-BOULETAssociated Press ACCRA, Ghana (AP) - A rising star in Britain's Labour Party, described by some as the "British Barack Obama," Chuka Umunna urged the United Kingdom to more aggressively forge ties with West Africa's fast-growing economies. During a trade mission to