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Volkswagen is targeting double digit sales growth in China this year, says chief executive Martin Winterkorn.

Earnings, economy buoy US stocks

Positive overall quarterly earnings and encouraging data protected US stocks this week from tensions over Ukraine and lower interest in tech stocks.
The US says federal agencies will be given "more time" for the submission of their views on the Keystone pipeline.

Armani settles Italy tax row

Giorgio Armani is to pay 270 million euros to settle a tax dispute in Italy over three of the company's foreign subsidiaries.
LinkedIn is looking to capitalise on the mobile market after eclipsing the 300-million-members mark.
Unemployment rates dropped in 21 US states, rose in 17 and were unchanged in the remaining 12 last month.

Italian lender backs share sale

Italian bank Monte dei Paschi di Siena is to begin a 5.0-billion-euro share sale in mid-June.

New pay offer for S African miners

South African platinum producers hope to end a crippling 12-week strike with a new pay offer for miners.
The withdrawal of some sanctions against Iran has helped it increase its oil exports to 1.2 million barrels per day.
A string of data from China, the US and Japan will be the focus of Japanese investors next week.
Historically, highly publicised safety problems eventually affect car brand sales, analysts say.
Start-up investments by venture capitalists totalled $US9.47 billion in the first three months of the year, the highest since the second quarter of 2001.
The US orange crop has been hit by a deadly bacteria, sending juice prices soaring in New York markets.
China says a fifth of its farmland is polluted, mainly from unchecked industrialisation, raising concerns about its food safety.

Weibo shares jump in US market debut

The share price of Chinese micro-blogging site Weibo has jumped in its US market debut, closing at $US20.24.

Tokyo stocks close up 0.68%

Tokyo stocks have closed up 0.68 per cent on the back of a weaker yen.

US stocks end mostly higher

The Dow Jones Industrial Average fell 16.31 points (0.10 per cent) to 16,408.54 after several earnings reports met expectations.
At 55 years old, Barbie is sagging as sales in the iconic doll tumbled for the second straight quarter.
Social games pioneer Zynga is looking to tap into the portable market, releasing a new version of its hit game FarmVille for smartphones and tablets.
European stock markets had rallied as strong company earnings and well-received Chinese growth data offset jitters over the Ukraine crisis.
PepsiCo says its global snack volume grew by two per cent in the first quarter, while beverage volume remained at the same level as a year earlier.
US investment bank Goldman Sachs has reported first-quarter earnings of $US 2.03 billion, down 10 per cent form a year ago.
Moves in China to crack down on corruption are affecting sales of French brandy, with authorities bearing down on extravagant entertaining.

Total's 'very promising' oil find

French energy company Total says its exploration off the coast of Ivory Coast has located a "very promising" oil discovery in deep water.

GE earnings dip 15%

General Electric has reported a 15 per cent drop in net profits despite higher profits in its industrial sales division.

Ford to sell Lincoln cars in China

Ford plans to sell Lincoln cars in China later this year, when it opens eight dealerships that will feature waterfalls and custom scents for cars.
Profit-taking on Asian markets has competed with a positive report on the US economy and a pledge to keep US interest rates low for mixed results.

Japan produces longest rail tracks

Nippon Steel & Sumitomo Metal has produced a system to make and ship railway track up to 150 metres long - the longest produced in the world.
China will appeal a ruling by the World Trade Organisation that it broke intenational rules by placing export restrictions on rare earths.
Particpaitoin the jobs market by young people has fallen since the pace of employment growth slowed after the GFC.
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