CHINA

China says piracy problem not extremely serious

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China said on Tuesday its crackdown on pirated goods has made great strides, a claim borne out by government statistics but not necessarily by a trip to one of Beijing's many shops where pirated software, movies and clothes are readily available.
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Alcoa Q2 profit jumps on metal, alumina prices

Alcoa Inc, America's biggest aluminum producer, posted a big jump in second-quarter profit on Monday, matching Wall Street estimates, partly due to soaring prices for the metal and alumina, its raw material.
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BOJ set to hold fire, show more optimism on economy

The Bank of Japan is expected keep monetary policy on hold and present a brighter view on the economy on Tuesday, encouraged by a rebound in factory output and increasing signs that the recovery from the devastating March earthquake is broadening.
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Starbucks reorganizes for international growth

Starbucks Corp unveiled a reorganization on Monday that Chief Executive Howard Schultz hopes will help the coffee chain reach its goal of one day getting half of its revenue from abroad.
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Asset managers to face rising competition: study

Investors' increasingly aggressive hunt for the best returns will force the global asset management industry to up the ante and become more competitive, according to research released on Monday.
U.S. Public Works Projects: A Source of Jobs

U.S. Job Growth - Five Programs to Revive It

Cutting federal spending in 2011 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure/public works projects it would create many jobs, and achieve great things, like the construction of the Empire State Building in the 1930s and 1 World Trade Center today.
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China to punish local officials for excessive debts: report

China will link local officials' performance appraisals to the level of debt held by local governments, state media reported Monday, an apparent move to cap borrowing and address worries that possible defaults could damage China's economy.
Is $2-something Per Gallon Gasoline Gone?

U.S. Gas Prices: How High Will They Go?

Americans, it’s been said, are a resilient, can-do bunch. Well, it looks like U.S. motorists will have to become even more resilient, as the days of $2-something per gallon gasoline appear to be gone.
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Apple's iPhone 5 and Samsung Galaxy S2: How Do They Stack Up?

Apple Inc.'s delay of launching the next version of iPhone, iPhone 5, has been Samsung Galaxy S 2's gain as the ultra-thin smartphone recorded phenomenal global sales of 3 million units in 55 days in the UK and it is expected to launch in four versions in the US.
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iPhone 5's Leaked Photo Suggests Its China Launch in September

A photo of an iPhone5 prototype running on China Mobile’s current 3G TD-SCDMA network has been posted to several websites and was picked by AppleInsider, suggesting Apple might bring the touchscreen handset to the world’s largest mobile carrier in September.
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China June import growth weakest in 20 months

China's import growth fell sharply to its slowest pace in 20 months in June in further evidence of the broad impact of monetary tightening on the economy, while a wider trade surplus suggested capital inflows will remain a challenge for authorities.

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