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IMF official says China's yuan no longer undervalued

BEIJING- The International Monetary Fund no longer believes China's tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF's first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange...
Source: The Associated Press
China-Taiwan talks seek to maintain momentum for closer ties

TAIPEI, Taiwan- Negotiators from Taiwan and China met Saturday for talks in an attempt to maintain momentum for the forging of closer ties in the face of a skeptical Taiwanese public. Topics discussed included controlling the illegal excavation of sand from the ocean floor, opening outlying Taiwanese islets to more China- based tourism and letting Chinese...
Source: The Associated Press
Target settlement with MasterCard fails to get bank support

NEW YORK- A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. MasterCard Inc. would only say Friday that not enough issuers approved the deal. Minneapolis- based Target...
Source: The Associated Press
UPDATE 1-MasterCard, Target data breach settlement falls apart

May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...
Source: Reuters | By: Joseph Ax
Traders bet on short-term Alibaba rally

Alibaba shares have rallied for three days straight, and some traders are betting the stock will close the week even higher.
Source: CNBC.com | By: Lawrence Lewitinn
UPDATE 1-Chinese independents get foothold in LNG trade as restrictions lifted

BEIJING/ SINGAPORE, May 22- China's independent buyers of liquefied natural gas are taking their first cargoes of the fuel as Beijing permits third-party use of idle capacity at import terminals and approves the new players' long-term plans to build their own facilities. Privately run city gas distributor ENN Group and onshore LNG investor Guanghui Energy Co...
Source: Reuters | By: Chen Aizhu and Jacob Gronholt-Pedersen
Chinese independents get foothold in LNG trade as restrictions lifted

BEIJING/ SINGAPORE, May 22- China's independent buyers of liquefied natural gas are taking their first cargoes of the fuel as Beijing permits third-party use of idle capacity at import terminals and approves the new players' long-term plans to build their own facilities. Privately run city gas distributor ENN Group and onshore LNG investor Guanghui Energy Co...
Source: Reuters | By: Chen Aizhu and Jacob Gronholt-Pedersen
Cramer: PayPal-Your favorite pal with benefits?

Jim Cramer prepares investors for eBay and PayPal's planned split. Could this spin-off put your portfolio in the friend zone?
Source: CNBC.com | By: Abigail Stevenson
Hedge funds ride China stock surge to huge profits

Many Western investors see China as a slowing giant, but local traders have used a more optimistic take to score their biggest gains in years.
Source: CNBC.com | By: Lawrence Delevingne
Jack Ma: Women key to Alibaba's 'yin-yang' balance  

At the "Global Conference on Women and Entrepreneurship", Alibaba's founder Jack Ma highlighted the integral role of women in the success of the e-commerce giant.
Source: CNBC.com