CHINA

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.

China vulnerable to asset bubbles, warns IMF

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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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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.
The Hunger Games Collection

'Hunger Games' Movie Inspires Nail Polish Line (Sneak Peek!)

As The Hunger Games trailer debuts, beauty company China Glaze is allegedly prepping a set of nail polish colors to coincide with the film. The Hunger Games Collection (unconfirmed) will premiere in 2012, but click here for a look at all shades and their inspirations from the YA book series, from Katniss and Peeta to District 12 and Flaming Mockingjay.
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World Bank, Intel to boost joint IT investments

The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in developing countries, a senior World Bank official said on Monday.
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Herman Cain Stumbles on Foreign Policy Question About Libya

Herman Cain struggled to answer a question about President Barack Obama's handling of Libya in an interview with the Milwaukee Journal-Sentinel on Monday, first asking whether Obama had supported the rebellion against Moammar Gadhafi and then saying that he would have gone about assessing the situation differently, which might have caused us to end up in the same place.
Dell

Dell: Earnings May Hint if PC Giant Moving More Upscale

Shares of Dell, the No. 2 PC maker, rose slightly Monday, ahead of the company’s third-quarter earnings report scheduled for Tuesday. Investors await news on Dell’s moves upscale as well as supply shortages caused by floods in Thailand.
Obama APEC

Obama at APEC: Outlines New Trade Pact Framework, Chastises China

President Barack Obama spent a weekend reiterating his belief the United States' economic future rests upon success across its westward ocean, engaging in the leaders of 21 nations in the Pacific Rim during the Asia-Pacific Economic Cooperation summit in Hawaii.
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Obama to China: Behave Like a Grown up

President Barack Obama served notice on Sunday that the U.S. was fed up with China's trade and currency practices as he turned up the heat on America's biggest economic rival.
g20

Growth Continues to Slow Down for 'All Major Economies'

The world's leading economies are all heading for a period of slower growth, the Organization for Economic Co-operation and Development said on Monday, highlighting signs of weakening economic activities across the board.
HSBC

HSBC China fund JV to expand, internationalization in focus

HSBC's China fund venture said it would broaden its product line over the next five years to meet rising demand for cross-boarder investment, betting internationalization would be a new engine of growth for the country's stagnant mutual funds industry.
The sign on a Bank of America ATM machine is pictured in downtown Los Angeles

Bank of America to Sell 10.4B Shares of China Construction Bank

Bank of America Corp. (NYSE:BAC) said it agreed to sell about 10.4 billion common shares of China Construction Bank Corp. (CCB) through private transactions with a group of investors, in a move that will result in an after-tax gain of about $1.8 billion.
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UniCredit to cut 5,000 jobs in dire quarter

Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.

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