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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 Launches Rocket With South Korean Satellite

Japan has successfully completed its first successful launch of a foreign-made satellite, and plans to carry out more commercial launches in the future.

Eduardo Saverin, Facebook co-founder

Facebook’s Saverin Renounces US Citizenship Ahead of Facebook IPO, Will be Based in Singapore

Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship to save on taxes, and will be based in Singapore to focus on Asian investments.

(Photo credit: Shutterstock)

Japan to Launch 4 Satellites Friday, 1 for South Korea

Japan plans to launch four satellites into space this week, including a South Korean one that is its first payload for a foreign customer.

(Photo credit: Shutterstock)

Micron in Talks to Acquire Japanese Chipmaker Elpida

U.S. chipmaker Micron Technology is in talks to acquire Elpida Memory, which earlier this year filed for Japan’s largest-ever manufacturing bankruptcy.

Foxconn's manufacturing facilities in China have been criticized for unfair and unsafe labor practices. Apple and Foxconn have promised to improve working conditions, which could lead to wage hikes in other companies in the country. (AP)

Foxconn Building Shanghai HQ, Aims at China Market

Foxconn has started work on its Shanghai headquarters, and is hoping to sell more devices in the domestic market.

(Photo Credit: AP)

Liberal, Free Market Website in China Shut Down

Liberal Beijing think tank website has been closed for days, though its web administrator says it was for technical reasons.

Facebook's much-anticipated IPO is set for today, where the company will raise US$ 16 billion, leading to a US$ 104 billion valuation. (AP Photo/Paul Sakuma)

Facebook IPO Set for May 18

Facebook’s much-anticipated IPO is reportedly going to be held Monday, May 18, raising $5B, giving the social network a $100B valuation.

In this Tuesday, April 24, 2012 photo, school girls walk past a Nintendo 3DS advertisement poster in Tokyo. Nintendo Co. said Thursday, April 26, it sank into a 43.2 billion yen ($533 million) loss for the fiscal year just ended as weak sales of the Wii home console and the strong yen eroded earnings. Kyoto-based Nintendo, once the star of video games with franchises like Pokemon and Super Mario, has seen its glory fade with the advent of smartphones that are wooing away casual gamers. (AP Photo/Koji Sasahara)

Nintendo Reports 1st Annual Loss With Weak Wii Sales

Nintendo, once the star of video games with franchises like Pokemon and Super Mario, has seen its glory fade with smartphones wooing away casual gamers.

One of the first customers who queued up to purchase a new smartphone iPhone 4S shows his new phone at an Apple Store in this file photo from Shanghai, China. (AP Photo/Eugene Hoshiko)

Apple Trumps Expectations, Sells 35M iPhones in Q2 2012

Apple Inc., the world’s most valuable company, trumped skeptics once again by reporting blowout iPhone sales.

Wipro Systems and Technology Vice President Ashok Tripathy, right, smiles with a Wipro e.go Alpha notebook as Intel South Asia Sales and Marketing Managing Director Debjani Ghosh holds a Wipro e.go Aero Ultra notebook in this file photo. (AP Photo/Aijaz Rahi)

Wipro Profit Up 8%, Growth Outlook Muted

Wipro’s quarterly profit rose 8 percent, but the Indian outsourcing company forecast muted growth, sending the stock into a nosedive Wednesday.

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