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China scored a diplomatic coup by enticing almost 50 countries including key US allies to join its new development bank. By Tuesday's deadline to seek founding membership of the $50 billion Asian Infrastructure Investment Bank (AIIB) a total of 49 countries and Taiwan had applied, the finance ministry and governments said. They include four of the five permanent members of the United Nations Security Council, 17 out of 34 members of the Organisation for Economic Co-operation and Development (OECD) and all 10 members of the Association of Southeast Asian Nations (ASEAN). Conspicuous by their absence are the United States and Japan.
GoDaddy, which has built its reputation trying to make Web hosting sexy, storms into Wall Street with a stock offering Wednesday aiming to revive the public markets' appetite for technology. Arizona-based GoDaddy is expected to raise more than $400 million in an initial public offering (IPO) which marks the end of a noticeable drought for the sector, which has been pumped up by cash from private equity investors. In another sign that seems to hint at keen investor interest, GoDaddy has raised the number of shares on offer from 22 to 23 million. GoDaddy, known for its provocative television ads with scantily clad women and its sponsorship of race car driver Danica Patrick, will be only the fourth IPO for the tech sector so far this year, according to Renaissance Capital.
LAUSANNE, Switzerland (AP) — Iran nuclear negotiators resumed talks here Wednesday, just hours after abandoning a March 31 deadline to reach the outline of a deal and agreeing to press on. However, as the discussions dragged on, three of the six foreign ministers involved left the talks, and prospects for agreement remained uncertain.