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Discussing the future relationship between the U.S. and China, with CNBC's Michelle Caruso-Cabrera.
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MONTGOMERY, Ala.-- Health officials investigating a cluster of mysterious illnesses in Alabama closed their investigation Thursday after determining the illnesses were unrelated and no new bacteria or viruses were involved. The investigation involved 10 people who became sick and were admitted to hospitals in Dothan and Luverne in southeast Alabama.
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WASHINGTON, May 24- Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a contraction in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday.
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*Copper surplus forecast at 98,500 T in Reuters April poll. SINGAPORE/ LONDON, May 24- A series of copper mine shutdowns and supply logjams has prompted some analysts to scale down forecasts for a market surplus, but it would take more disruptions to swing the market into a deficit.
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*Shrinking factory activity in China limits oil demand growth. LONDON, May 24- Oil was poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday- pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
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BERLIN, May 24- Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.
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LONDON/ SINGAPORE, May 24- Copper was little changed on Friday as investors weighed the potential impact on metals demand of Thursday's data providing a more upbeat U.S. jobs picture but also showing slower industrial activity in top metals consumer China.
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LONDON, May 24- The euro rose on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and lessening prospects of further euro zone monetary easing. The euro rose 0.3 percent on the day to a session high of $1.29875, close to this week's peak of $1.2998 and the mid-May high of $1.3030.
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.
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*Cuts 2013 GDP forecast from 3.59 pct. TAIPEI, May 24- Taiwan slashed its 2013 economic growth outlook on Friday, showing deepening concern that lacklustre global demand is crimping pivotal tech exports to China and the U.S. The situation in Europe will not improve in short term, and there is still concern over the growth momentum of China and the U.S. economies.
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BEIJING, May 24- China will continue to liberalise interest rates, make the yuan currency more responsive to market forces and more convertible this year, the government said on Friday.
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In the space of five months, analysts have swung from confidently predicting a modest pick-up in the world's second-biggest economy to pondering the chance that China will miss its own 7.5 percent growth target this year. "Yes, the 7.5 percent target is under threat," said Ken Peng, an economist at BNP Paribas in Beijing.
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BRUSSELS/ HONG KONG, May 24- The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate.
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TOKYO, May 24- Mitsubishi Motors Corp, the Japanese maker of Triton pickups, the Outlander Sport SUV and iMiEV electric car, wants shareholders to approve a capital reorganisation to clear more than $9 billion of accumulated losses, and pave the way for the resumption of dividends after a 15- year gap.
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HONG KONG, May 24- Hong Kong shares extended losses on Friday to fall to their lowest in almost a month as the property sector sagged over concerns that China's economic recovery may be stalling. China Vanke fell 0.8 percent in Shenzhen after testing its highest since Feb. 5 on Thursday.
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TOKYO May 24- This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy- if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide. Federal Reserve's massive stimulus- external risks that Tokyo could do little to overcome.
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HONG KONG, May 24- China shares posted their fourth-straight weekly gain on Friday, despite weakness in property developers amid concerns that the Chinese economy may be slowing. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.6 percent, while the Shanghai Composite Index also closed up 0.6 percent at 2,288.5 points.
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*U.S.- China deal reached after years of negotiations. NEW YORK, May 24- U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States.
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*Shrinking factory activity in China limits oil demand growth. SINGAPORE, May 24- Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit.
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SHANGHAI, May 24- The central bank fixed a record high midpoint for the yuan on Friday despite the dollar's overnight rally, allowing the spot market to push it to a new high, which some traders said could signal a quickening pace of reforms for the currency regime.
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TOKYO, May 24- The Nikkei share average snapped back into the red on Friday afternoon in a turbulent session, as the previous day's 7.3 percent plunge forced some investors to scale back their exposure to Japanese equities.