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Democrats unveil global drug safety bill

U.S. inspections of overseas pharmaceutical plants would increase and regulators would gain new recall power under proposals unveiled by Democrats in the House of Representatives on Monday.

Asia-Pacific next target for Franklin Templeton

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US fund manager Franklin Templeton plans to invest heavily across the Asia-Pacific region aims to launch a new Asian property fund of funds. It also intends raising about $300 million from institutional investors in Europe and Australia, a Reuters report said.

$300 billion real estate deals this year

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In the first of this year, more than $132 billion worth of real estate deals were signed globally, up 74% over $76 billion deals signed during the same period last year.
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Asian women can live longer with non-smoking husband: study

For the first time in the world, a study has examined how good habits have a multiplying effect on mortality in Asian women. The study results are that smoking husbands are shortening their wives' lives. Other results of the study include that Chinese women with plenty of healthy habits tend to live longer than their friends with less healthy lifestyles.
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Japanese 10,000 yen notes are spread out at Interbank Inc. money exchange in Tokyo

BOJ intervention: will it work?

Analysts generally think BOJ's intervention was well executed and will perhaps work in the short-run. The long-term effectiveness, however, is uncertain.
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Geely may build as many as 3 Volvo plants in China

Zhejiang Geely Holding Group, which last month completed its purchase of Volvo from Ford Motor Co, may build as many as three plants in China to make the Swedish brand, a Geely spokesman said on Tuesday.
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Hilton Top hotel brand in Asia: Survey

World's leading hotel group Hilton Hotels & Resorts has been named as the top hotel brand in Asia for the year 2010 for the second consecutive year by global research company Taylor Nelson Sofres (TNS), in conjunction with one of the region's leading media, marketing and advertising publications, Media. This is the second consecutive year Hilton clinched the title since the study's Travel & Leisu...
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Sheraton introduces luxury spas

Starwood Hotels & Resorts Worldwide, Inc. launched Shine for Sheraton, a global spa concept designed exclusively for Sheraton Hotels & Resorts.
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Does Alternative medicine really work?

Every time there is a pandemic anywhere, new theories start doing the rounds. One debate that has been going on from the time Dr Alexander Fleming invented Penicillin is whether introducing artificial chemicals into the body really cures the system or simply provides instant gratification. While modern medicines have made tremendous advances, there is still a significant proportion of the populat....
Elderly people visit a public garden in Tokyo

Why Japan 'allowed' deflation

To some degree, Japan allowed deflation, or at least they did not choose extremely aggressive policies to fight it. This is largely due to the influence of Japanese constituents who own fixed income, which would devalue in the face of inflation.
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Power struggles: charging tomorrow's cars

Now a new generation of drivers is set to embark on a similar kind of experiment. Until recently, most electric vehicles, or EVs as they are often known, have had a range of just a few dozen miles, limiting their usefulness and appeal.
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China automakers slow shipments to dealers in Aug

Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, official data showed, lagging a nearly 60 percent annual jump in retail car sales, reflecting an apparent drawdown in dealers' showroom inventories.
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BMW's August sales return to pre-crisis levels

BMW surpassed August's global sales volumes for its core brand not just versus last year's month but for those of 2007 and 2008 as well, underlining the strength of the recovery in the premium car market.
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Luxury Biz takes the Silk Route

The luxury market which has so far been dominated by the West is facing stiff competition from China. Top global luxury brands like Burberry and Coach are trying to affirm supremacy in market by pouring funds in multi-billion dollars and function on their own instead of running on a franchise basis.
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J&J launches 5-year aid program for women, children

Johnson & Johnson has pledged grant money, drugs and research funding for new HIV and tuberculosis medications as part of a five-year, private sector effort to improve the health up to 120 million women and children in developing nations each year.
Huang Rixin, 78-year-old retired Chindese electronics engineer

China's aging population and its implications

China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.
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China Lusts for Luxury

Mainland China people are more enthusiastic about buying luxury goods than any other part, according to Ivan Tong, chairman of Sparkle Roll company.
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Fines of $7 in tough new China anti-smoking rules

China's toughest ever smoking ban which aims to stop people lighting up during November's Asian Games will carry fines of $7, state media said on Wednesday, a limited deterrent to smokers in one of China's richest cities.

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