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HSBC says cost cuts to come from outside Asia

HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.

China: Gold Demand Jumps

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Today's new Gold Demand Trends from the World Gold Council show interesting data about gold demand in China. China is now 10 years into opening up its gold market - half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.
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Dollar down as commodities and global stocks rise

The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.
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China piracy cost U.S. firms $48 billion in 2009: report

Chinese piracy and counterfeiting of U.S. software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released on Wednesday.
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GM ups Volt, Ampera production outlook

General Motors Co said on Wednesday that it will make 60,000 Chevrolet Volt and Opel Ampera in 2012, up from its previously announced 45,000 production outlook.

Apple iPhones sales slowing

While reports are floating around what Apple is likely to pack into its next iPhone, analysts are observing slowdown in sales of the current iPhone 4.
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WTO gives mixed verdict on Airbus appeal

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.
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Canon sees sales boost from supply chain

Japanese camera and copier maker Canon Inc <7751.T> expects its quake-hit supply chain to recover more quickly than originally estimated, giving a roughly 50 billion yen ($600 million) boost to its annual sales, the company's chief executive said.

Who will replace IMF chief Dominique Strauss-Kahn?

The race to replace Dominique Strauss-Kahn as the head of International Monetary Fund (IMF) heated up, Tuesday, even as pressure mounted on the international agency to force him to resign so that its authority is not undermined.
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Symantec looking to buy

Symantec Corp's chief executive is looking to do acquisitions and next week may let investors know just how hungry the security and storage software company will be this year.
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LinkedIn boosts IPO price range 30 percent

LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.

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