CHINA

Syrian Army Defectors Battle Assad Forces Near Damascus

Massacre in Syria
Syrian army defectors attacked an intelligence complex on the edge of Damascus early Wednesday, the first such reported assault on a major security facility in the eight-month uprising against President Bashar al-Assad, activists said.
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China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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Saks Firth Avenue

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
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BofA Learned a Lesson from Debit Card Fury - CEO

Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.
Apple iPad 2

Apple iPad Should Lower Price Point, Says Analyst

The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
Yoweri Museveni

Uganda president snubs call for Tullow deal delay

Uganda President Yoweri Museveni has indicated to parliament he is not likely to delay approval of Tullow Oil's long proposed partnership with Total and CNOOC further, because it would diminish his government's credibility in future negotiations.
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Makana Sings Protest Song on Summit Dinner to Support Occupy Movement (Video)

Makana, a Hawaiian singer, performed to support the Occupy Movement at a dinner in Honolulu, which was hosted by President Barack Obama for Asia-Pacific Economic Co-operation Summit participants from 21 economies around the Asia-Pacific, including Obama family, Chinese President Hu Jintao and Russian President Dmitry Medvedev.
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Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
The company logo of Sino-Forest is displayed at its office in Hong Kong

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
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China vulnerable to asset bubbles, warns IMF

China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund warned on Tuesday.
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Currency Remarks by Obama Provoke Criticism in China

The Chinese state media has accused U.S. President Barack Obama of using Beijing to deflect attention from his country's economic woes. The accusation, made by the Xinhua news agency, comes after Obama hit out at Chinese currency policy.
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Huawei buys Symantec stake in JV for $530 million

Huawei Technologies, the world's No.2 telecoms equipment maker, plans to buy the remaining 49 percent stake in a joint venture with Symantec Corp that it does not already own for $530 million to bolster its corporate security solutions business.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

Asian Shares Drop as Eurozone Bond Yields Rise

Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.

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