Whirlwind visits by German ministers to China this year have thawed bilateral relations that took on a diplomatic chill in 2007.
Part of an ambitious multi-city, three-year campaign entitled "Germany and China - Moving Ahead Together", the cross-cultural festival moves to Chongqing today, hosted by the municipality in southwest China.
European stocks rose for the first time in three days after earnings from Lafarge SA, Deutsche Boerse AG and British American Tobacco Plc beat analysts' estimates. US index futures and Asian shares retreated.
Sprint Nextel Corp is combining its planned high-speed wireless network with Clearwire Corp, creating a venture with funding from technology and cable companies.
European retail sales declined 1.6 percent in March, the most since at least 1995 and twice as much as economists forecast, as soaring fuel and food costs sapped consumer spending.
What's the New York Stock Exchange worth these days without Euronext NV, the pan-European market that it bought last year to form NYSE Euronext? Not all that much, based on a comparison of market values.
UBS AG, battered by $17.3 billion of first-quarter losses at its investment-banking unit, plans to cut 5,500 jobs and said clients withdrew a net $12.2 billion from its asset- and wealth-management divisions.
Yahoo Inc Chief Executive Officer Jerry Yang, criticized by some investors for rejecting Microsoft Corp's $47.5 billion takeover bid, said he'll consider selling to the software company or another bidder for the right price.
Crude oil was little changed after reaching a record near $121 a barrel amid supply risks in Nigeria and Iran and signs of stronger US demand.
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Raymond Zhou
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