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Will China's Xiaomi make it in the US and Europe?

Chinese smartphone giant, Xiaomi, is set to open its doors to U.S. and European consumers shortly, putting Western manufacturers under pressure.
Source: CNBC.com | By: Alexandra Gibbs
UPDATE 2-Bank of Korea holds rates, softens case for more easing

By Christine Kim and Choonsik Yoo. SEOUL, May 15- The Bank of Korea held interest rates steady at a record low for a second consecutive month on Friday, while upbeat remarks by Governor Lee Ju- yeol pared the chances of another rate cut soon- sending bond yields and the won higher. The Bank of Korea's monetary policy committee kept the base rate at 1.75 percent in a 6-1...
Source: Reuters
The Chinese tech giant trying to crush Apple

Xiaomi, the world's third-largest smartphone maker, is muscling into the Latin market with an online store that will sell smart accessories.
Source: CNBC.com | By: Andrew Zaleski, special to CNBC.com
Is this Xiaomi's newest rival in China?

A new range of low-priced smartphones by a company known as the 'Netflix of China' may upend Xiaomi's dominance in the consumer device market.
Source: CNBC.com | By: Nyshka Chandran
FACTBOX-Proposed U.S. nuclear power reactors -DTE Fermi

May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.
Source: Reuters
Betting on the fight  

Discussing the big fight between Mayweather and Pacquiao, with Johnny Avello, Wynn Las Vegas executive director of race and sports operations.
Source: CNBC.com
Fight of the century  

Bob Arum, CEO of Top Rank, promotional company for boxers, discusses the sale of tickets for the fight between Pacquiao and Mayweather. He says he is sworn to secrecy in regards to sponsorships and Samsung.
Source: CNBC.com
Huawei releases new Honor budget smartphone, to be sold online

BEIJING, April 28- Huawei Technologies Co Ltd launched on Tuesday the Honor 4 C smartphone, the latest bid by the Chinese technology firm to gain market share in the highly competitive budget handset segment from domestic rivals such as Xiaomi Inc.. To cut on marketing costs, the Honor 4 C will be sold primarily online through outlets including Alibaba Group...
Source: Reuters
UPDATE 1-India's Ratan Tata buys stake in Chinese phone maker Xiaomi

Tata'a investment in Xiaomi comes against the backdrop of an aggressive push by Xiaomi in India after entering the market, which has huge growth potential with just one in 10 people using smartphones, in July 2014. Xiaomi and other Chinese smartphone makers are drafting in cricket teams and Bollywood stars to conquer India, their largest overseas market and a...
Source: Reuters