China

Siemens Quarterly Profit Drops; Xi Jinping To Meet Obama In Feb

Siemens Industrial conglomerate Siemens AG announced that its first-quarter profit declined as the European debt disaster began to hit the broader financial system.

Energy firms carry on expending hundreds of millions of dollars to get hold of an equity stake in budding Oklahoma resource plays.

Xi Jinping, the man widely anticipated to turn China's top head in 2012, will take his biggest step into the global limelight Feb 14 when he meets US President Barack Obama on his initial official visit to the States. as vice president.

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