JAPAN

A 100 yuan banknote is placed next to $100 banknotes

Will China raise rates? Will US data guide QE talks? – Next week’s forex questions

The dust of G-20 has settled. World leaders sat around a large table set this time in South Korea, searched for that magic wand in their suit pockets, and then looked at each other's face with disappointment. They didn't get one to 'calm down' the emerging fears of a 'world war' on trade and currencies. They did not 'direct' China and/or US as some hoped.

U.S. economic policy stuck in pre-1970s era

U.S. President Barack Obama
U.S. economic policy is stuck in the pre-1970s era, which had higher population growth. Before 2008, this outdated policy caused boom-and-bust cycles. Now, it is failing to boost economic growth and possibly endangering the world financial system.

China and U.S. take center stage

U.S. President Barack Obama (C) shakes hands with China's President Hu Jintao as they walk next to other world leaders during the family photo session at the G20 Summit in Seoul November 12, 2010.
A major question emerging here in Seoul on the final day of the G-20 Summit, as world leaders personally powwow on global dilemmas, is this: Can the U.S. and China play nice?
EUR/GBP Daily

Euro off day's lows, but heading for weekly losses versus majors as EU woes persist

Euro rose across the board and pulled off 1-1/2-month lows against the US dollar and British pound on Friday on news EU leaders reassured the holders of outstanding bonds that they would not be forced to take losses. The day's gains, however, did not prevent the single currency from heading for weekly losses versus the majors as investors are still worried that Ireland may default on its bonds.
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Wind turbines are seen at Thanet Offshore Wind Farm off the Kent coast in southern England September 23, 2010.

Vestas CEO wants an hour with G20 leaders

The CEO of Vestas, a major supplier of wind turbines, is asking for heads of state to meet for an hour to help come up with methods of weaning the world from fossil fuels.
A U.S. and a Chinese flag flutter in front of Tiananmen Gate in Beijing

China not too happy with Fed's QE2

China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.
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Did U.S. and China strike a currency deal?

Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
Molycrop signs rare earth pact with Ames Lab

China denies blocking rare earth shipments to US, Europe

China's Commerce Ministry denied the New York Times report stating the government has extended block on shipments of rare earth to include the United States and Europe, other than Japan, a Bloomberg report said, citing a faxed response from the Ministry.
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Poor healthcare may shorten American lives: study

Americans die sooner than citizens of a dozen other developed nations and the usual suspects -- obesity, traffic accidents and a high murder rate -- are not to blame, researchers reported on Thursday.
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PSA, Ford strengthen diesel engine partnership

French carmaker PSA Peugeot Citroen and U.S. counterpart Ford on Wednesday said they would develop a range of diesel engines to comply with new EU regulations, strengthening their existing partnership.
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Toyota to enter Japan microcar market with own brand

Toyota Motor Corp said it would enter the growing Japanese minivehicle sector next year through a supply deal with unit Daihatsu Motor Co in a move set to intensify competition in the tough domestic market.
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Toyota ends overtime ban for white-collar staff: report

Toyota Motor Corp, Japan's largest automaker, has lifted a ban prohibiting office staff from working overtime, a move intended to give experienced workers more time to coach younger personnel, the Nikkei business daily said.
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Watchmaker Hublot’s High Expectation from Asia

Swiss watch brand Hublot is planning to double up its stores in the promising Asian market especially China. The soccer World Cup time keeper has already plans to open at least 15 stores by next year.
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Nissan to double China capacity

Japan's Nissan Motor plans to double its capacity in China by 2012, joining a host of peers that have made similar recent moves to capture a bigger slice of the world's biggest auto market.
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Toyota China unit fined for bribery: report

Toyota Motor Corp's Chinese auto finance unit has been fined by the authorities in the city of Hangzhou for alleged involvement in commercial bribery, China's Xinhua News Agency reported on Tuesday.
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Asia-Pacific next target for Franklin Templeton

US fund manager Franklin Templeton plans to invest heavily across the Asia-Pacific region aims to launch a new Asian property fund of funds. It also intends raising about $300 million from institutional investors in Europe and Australia, a Reuters report said.

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