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China's Hony Capital raising up to $2.6 billion: sources

Hony Capital, one of China's most successful private equity funds, aims to raise up to $2.6 billion in a new fund, two sources said on Monday, in what is set to be the biggest ever dollar fundraising for a China-based firm.

U.S. to Name Iran Area of 'Money Laundering Concern'

Iranian President Mahmoud Ahmadinejad
It was unclear what exact steps the Treasury planned for Iran but it seemed unlikely it would seek to cut off the Iranian financial sector entirely, a move that could disrupt the global energy markets and harm the U.S. economic recovery.
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China automakers see slower growth ahead

Car sales growth in China will remain stagnant next year in the absence of incentives for buyers and China's tight credit control, raising pressure on car makers to cut prices and improve after-sales services, industry executives and analysts said on Monday.
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Gold Steady after Biggest Weekly Loss Since September

Gold traded steady on Monday after its biggest weekly loss since September, as investors remained cautious even after Spain's center-right opposition won a landslide victory in the election and is expected to launch drastic austerity measures.
Suu Kyi, leader of Myanmar's democratic opposition, waves during the opening ceremony of Aungsan Jar-mon Library at Thanatpin township near Bago

Aung San Suu Kyi Will Run for Myanmar Parliament

Myanmar democracy leader Aung San Suu Kyi will run in a parliamentary by-election expected by the end of the year, a top party official said Monday, giving legitimacy to moves toward democracy after decades of military rule.
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Japan October exports disappoint as yen, global slowdown

Japan's exports fell at the fastest pace in five months in the year to October and the worse than expected result signaled more weakness ahead as a strong yen and sputtering global growth weigh on the recuperating economy.
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Volkswagen says plans to sell over 2 million cars in China

Top German automaker Volkswagen AG is confident of selling more than two million cars in China this year and expects its growth to be faster than the industry's pace in coming years in the world's largest car market, its China chief said on Monday.
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Japan October exports slump as global slowdown bites

Japan's exports fell at the fastest pace in five months in the year to October, underscoring mounting concerns that sputtering global growth and a strong yen will take their toll on the world's No.3 economy as policymakers brace for contagion from the euro zone debt crisis.
U.S. Defense Budget

Imperial Overstretch: Is A Bloated Defense Budget Weakening the U.S.?

U.S. overspending on the military has diverted resources from civilian / social investments, weakening the economy, and, by extension weakening the nation. If it doesn’t substantially cut defense spending, the U.S.’s empire will likely share the fate of two other empires that overspent on the military -- the British Empire and the Soviet Union.

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