CHINA

China may launch first-ever property tax in Q1

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China is set to further clamp down on the country's buoyant housing market by imposing a long-debated property tax for the first time in the southwestern city of Chongqing, domestic media reported on Monday.

Brazil's Mantega warns of trade war: report

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Brazil is ready to take further steps to stop its currency from rising, the country's Finance Minister said on Sunday, warning of a trade war if government's keep pushing down exchange rates to boost exports.
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Commodities show ties that bind

If there was any doubt that the global economy remains tightly intertwined, rising commodity prices should put it to rest.
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The Morgan Stanley headquarters is seen in New York

Wall Street expands in red-hot mainland China

JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
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Lenovo sets expectations for tablet market

Lenovo Group Ltd, which is making a concerted push into tablets, said it expects the devices to see good growth but still eventually only make up a fraction of the broader personal computer market.
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Stocks fall before U.S. jobs data

The euro fell to a four-month low against the dollar on Friday ahead of U.S. jobs data and next week's bond issues from euro zone peripheral countries, while world stocks and copper eased. A surprise sharp increase in U.S. private sector job creation in December have raised expectations of stronger non-farm payrolls for the month, with economists now expecting 175,000 jobs were created, up from 1...
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Wall Street futures fall ahead of U.S. payrolls

U.S. stock index futures edged down on Friday, as caution prevailed ahead of the release of U.S. non-farm payroll figures, with futures for the S&P 500, the Dow Jones and the Nasdaq down 0.1 to 0.2 percent by 4:42 a.m. ET.
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China OKs JPMorgan, Morgan Stanley joint ventures

Chinese securities regulators on Friday approved the joint ventures of J.P. Morgan Chase & Co and Morgan Stanley , bringing the banks a step closer toward operating securities businesses in China that they, and other banks, have long sought.
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Geithner presses Republicans to lift U.S. debt limit

U.S. Treasury Secretary Timothy Geithner on Thursday stepped up pressure on Republican lawmakers to raise the nation's $14.3 trillion debt limit, warning failure to act would lead to an economic catastrophe.
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The New Gold Rush

In this piece, we will examine four of gold's most important rules; the irreversible trends affecting the gold price; and how the consequences of these trends will push gold higher in 2011 and beyond.

India tops Japan's FDI destination survey

In an annual survey conducted by the Japan Bank for International Cooperation, India for the first time topped the list as the most attractive destination, overtaking China.
Spain's Prime Minister Jose Luis Rodriguez Zapatero's party is poised to lose the upcoming Nov. 20 election, adding an extra element of uncertainty to the sovereign bond market

Can China save euro? Answer is ‘no’

There is euphoric expectation that China, armed with its $2.6 trillion reserves, will emerge as the ultimate white knight for Europe. Is that belief founded on facts and substantiated by strategic thinking?
Apple iPad

Global tablet sales to touch $46 bln by 2014

Total global revenue from tablet devices like Apple's iPad and Samsung's Galaxy Tab will increase from 16 billion dollars in 2010 to a whopping 46 billion dollars in 2014, according to a report released Wednesday by U.S. technology research firm Yankee Group.
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AT&T added 50 percent more China clients in 2010

AT&T has increased the number of clients it has in the Greater China region by about 50 percent in the past year, a senior executive said on Thursday, and is now looking to target privately run Chinese companies.
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China to buy 6 billion euros of Spanish debt: report

Chinese Vice Premier Li Keqiang has said his country is willing to buy about 6 billion euros ($7.9 billion) of Spain's public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.
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U.S. recovery hopes drive developed stocks

Developed market stocks climbed on Thursday on hopes for renewed U.S. economic growth, although the dollar and emerging markets steadied, unwilling to push a rally further ahead of more data on Friday.

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