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2012-05-18 07:23

Facebook prices at top of range in landmark IPO

A Facebook application logo is pictured on a mobile phone in this photo illustration taken in LavignyNEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at the top of its target range to raise more than $16 billion, as strong demand, particularly from retail investors, fuels anticipation of a big pop in the stock when it begins trading Friday on the Nasdaq. Predictions of how much the stock will rise on its first day of trade vary greatly -- some experts said the high IPO price and increased float could limit gains to 10 percent to 20 percent, while others said anything short of a 50 percent jump would be disappointing given the hype. ...


2012-05-18 07:23

Japan launches rocket with first foreign satellite

A H-2A rocket lifts off from the Japan Aerospace Exploration Agency's Tanegashima Space Center on Tanegashima Island in Kagoshima Prefecture, southwestern Japan, early Friday, May 18, 2012. JAXA and Mitsubishi Heavy Industries Ltd. successfully launched a South Korean satellite into space aboard the rocket, local media said. (AP Photo/Kyodo News) JAPAN OUT, MANDATORY CREDIT, NO LICENSING IN CHINA, HONG KONG, JAPAN, SOUTH KOREA AND FRANCEA rocket has lifted off in Japan in the country's first commercial launch of a foreign satellite — one from South Korea designed to monitor the environment.


2012-05-17 23:21

Russia faces fuel crisis after railway wagon ban

MOSCOW (Reuters) - Russia, the world's largest oil producer, faces domestic fuel shortages after authorities restricted the transport of crude oil by rail, forcing several refiners to cut production, industry and market sources said. Analysts estimate that output of a quarter or more of refined oil products could be lost, threatening a repeat of last year's fuel shortages following Russian leader Vladimir Putin's order to oil companies to curb pump prices. However, it is unlikely to dent crude exports, as Russia uses pipelines as its main method of transporting oil abroad. ...

2012-05-17 23:21

Iran vows never to renounce nuclear 'rights'

Two Iranians work at the zirconium production plant at the Isfahan nuclear facilities in 2005Iran rejects Western pressures over its nuclear activities and will never give up its rights, Tehran's chief nuclear negotiator said Thursday ahead of crunch talks with world powers in Baghdad next week.


2012-05-17 23:21

Russia delivers fresh crew to ISS

View from the balcony of the Russian Mission Control Center in Korolev, RussiaTwo Russians and an American joined three colleagues aboard the International Space Station Thursday for a mission that should include receiving the orbiter's first visit from a private spacecraft.


2012-05-17 23:21

Can global leaders help Europe contain crisis?

When leaders from eight of the world's biggest economies meet this weekend outside Washington, the focus will be on how to prevent Europe's debt crisis from spiraling out of control.

2012-05-17 23:21

Syria opposition chief resigns amid infighting

Burhan GhaliounSyrian National Council chief Burhan Ghalioun said on Thursday he will step down to avert divisions within the opposition bloc, after activists on the ground accused him of monopolising power.


2012-05-17 23:21

Russia says action on Syria, Iran may go nuclear

Russian Prime Minister Dmitry Medvedev speaks at the second St. Petersburg International Legal ForumMOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev warned on Thursday that military action against sovereign states could lead to a regional nuclear war, starkly voicing Moscow's opposition to Western intervention ahead of a G8 summit at which Syria and Iran will be discussed. "Hasty military operations in foreign states usually bring radicals to power," Medvedev, president for four years until Vladimir Putin's inauguration on May 7, told a conference in St. Petersburg in remarks posted on the government's website. ...


2012-05-17 23:21

US military option on Iran 'ready': envoy to Israel

US ambassador to Israel Daniel Shapiro (L) listens to an Israeli army officerThe United States has a military option "ready" if diplomacy fails to halt Iran's controversial nuclear programme, the US envoy to Israel has said, an Israeli newspaper reported on Thursday.


2012-05-17 23:21

Russian police detain protest leader, five others

Police officers block opposition activists in a protest camp, demonstrating against Russian President Putin's presidency at Chistiye Prudy parkMOSCOW (Reuters) - Russian riot police detained a prominent protest leader and five other demonstrators on Thursday as authorities extended a crackdown on Occupy-style protests in central Moscow against newly-inaugurated President Vladimir Putin. In a Moscow square where hundreds of people had gathered, police pulled environmental activist-turned-protest leader Yevgeniya Chirikova into a waiting police van as fellow demonstrators tried to protect her. "What a coward Putin is," wrote Chirikova in one of several frantic Twitter messages on her way to a police station. ...


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