JAPAN

Futures fall after new warnings on Europe

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U.S. stock index futures fell on Wednesday as policymakers warned Europe's debt crisis posed dangers to the global economy and on growing signs the contagion was starting to spread to larger European nations.

Obama says lack of political will to solve Europe

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President Barack Obama said on Wednesday he was deeply concerned about the continued euro zone crisis, blaming it on a lack of political will, and that market turmoil would continue until Europe has a concrete plan to deal with its debt woes.
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Futures off as euro bond yields eyed

U.S. stock index futures fell on Wednesday as policymakers warned that Europe's debt crisis posed dangers to the global economy and Italian bond yields remained at elevated levels in a sign of ongoing risk aversion.
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Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Preparing Legal Action Against Execs: Documents

Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.
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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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China FDI remains strong, 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.
A sign of Olympus Corp is seen behind a tree a outside the company's showroom in Tokyo

Olympus Shares Rise; Ex-CEO may be Questioned

Shares in Japan's disgraced Olympus Corp jumped on Wednesday on speculation that it can escape delisting over an accounting scandal and that the brunt of any punishment will be borne by a few executives rather than the firm itself.
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.
PETA believes Mario takes a “pro fur” stance” because he “wears the skin of a raccoon dog to give him special powers.”

Mario’s Raccoon Suit Enrages PETA

PETA has accused Nintendo's most famous mascot of being pro fur for wearing a raccoon suit in his new game, Super Mario 3D Land, released on Nov. 13.
People walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Accounting Tricks Queried Back in 1990s

An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
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Australia court to hear Samsung-Apple case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Lenders Unlikely to Tighten Screws on Olympus, for now

Olympus Corp's creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm's huge accounting scandal, sources and analysts said.
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Australian Court to Hear Samsung-Apple Case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
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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Global markets: Asian shares fall as euro zone 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.
People walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Accounting Tricks Were Questioned in 1990s

An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
German Chancellor Angela Merkel delivers a speech after receiving the Emperor Otto Prize in the Magdeburg Cathedral in Magdeburg

Merkel Says Europe Faces Toughest Challenge Since WWII

LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.

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