CHINA

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China welcomes consensus reached at EU debt talks

China welcomed on Thursday the consensus reached at the European Union's summit to tackle the euro zone debt crisis and supported measures taken by the bloc that could help the region's recovery.

Records Raise Olympus Conflict of Interest Question

Olympus's logo is seen through its waterproof housing at an electronics shop in Tokyo
U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses.

Avon faces SEC probe, looking at new strategy

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Regulators subpoenaed Avon Products Inc over its contact with analysts, and the company is under a formal investigation over whether it failed to comply with bribery laws in China and elsewhere.
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Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Exclusive: China eyes creation of ASEAN Bank

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
Kris Gopalakrishnan, CEO of Infosys Technologies, speaks during a news conference on the sidelines of the G20 CEO Summit in Seoul November 9, 2010.

Infosys Seeks Acquisitions Worth up to $700M

Infosys Ltd, India's No.2 software services exporter, is looking for acquisitions worth up to $700 million, Infosys' Executive Co-Chairman Kris Gopalakrishnan said on Thursday.
Caroline Wozniacki

Sharapova Hands Wozniacki No. 1 Spot

Despite losing 6-2, 4-6, 3-6, to Russian Vera Zvonareva on Wednesday, Denmark's Caroline Wozniacki confirms her position at the top of the WTA women's singles tennis rankings.
Greece's Prime Minister George Papandreou arrives at a news conference at the end of a euro zone summit in Brussels

European Leaders Agree to 50% Writedown on Greek Debt

European leaders agreed Thursday morning that banks and other major investors in Greek bonds must take losses of up to 50 percent to prevent a Greek government default. The rescue fund is a response to global pressure to lower Greece's debt burden and attempt to contain the spreading debt contagion that threatens the euro zone.
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Ford's lackluster outlook disappoints

Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
Incoming ECB President Draghi speaks at the "World Savings Day" meeting in Rome

Eurozone gets ECB boost, summit deal uncertain

The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.

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