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IMF seeks clarity in Italy, China wants stability

The head of the International Monetary Fund urged Italy Thursday to act quickly fill its damaging political vacuum, and China said it was willing to help maintain global financial stability that was being threatened by the euro zone crisis.
Cast member Robert Pattinson smiles while promoting ''Breaking Dawn'' from the Twilight Saga at the start of a news conference in Brussels

'Breaking Dawn' Advance Tickets Selling out Fast

Twilight fans appear very hungry for the upcoming fourth film in the vampire romance franchise, snapping up advance tickets for The Twilight Saga: Breaking Dawn - Part 1 and selling out early screenings.
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Tim Hortons Q3 profit rises on strong sales

Tim Hortons Inc (THI.TO: Quote), Canada's No. 1 restaurant chain, reported a 40 percent jump in third-quarter profit thanks to strong sales, but said operating conditions were still tough in North America.
Paterno, president out in Penn State abuse scandal

Paterno, president out in Penn State abuse scandal

Famed U.S. college football coach Joe Paterno and the president of Penn State University were fired on Wednesday in fallout from a child-abuse scandal and cover-up involving a former assistant coach and school officials.
China Trade Growth Sputters, Monetary Policy Easing on the Cards

China October imports surge as exports wilt

China's imports surged in October as exports grew at their slowest rate in months, suggesting efforts to tilt the economy toward domestic demand may be offsetting the external weakness that has dragged on economic growth this year.
International Monetary Fund (IMF), led by Managing Director Christine Lagarde, is poised to secure more than $400 billion in additional funds to backstop the euro zone sovereign debt crisis

IMF Chief Calls for 'Political Clarity' in Italy

The head of the International Monetary Fund called on Thursday for political clarity in efforts to tackle the debt crisis that has gripped Italy, saying uncertainty around who would succeed Prime Minister Silvio Berlusconi was fuelling market volatility.
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Lagarde: Political clarity needed in Italian crisis

The head of the International Monetary Fund called on Thursday for political clarity in efforts to tackle the debt crisis that has gripped Italy, saying uncertainty around who would succeed Prime Minister Silvio Berlusconi was fuelling market volatility.

Pakistan Says Kasab is a Terrorist; but Will It Stop Its Double Game?

Pakistani Interior Minister Rehman Malik Thursday said that Ajmal Amir Kasab, who has been sentenced to death for the 2008 Mumbai attack, should be hanged. This could be a new strategy from the side of Pakistan which is trying to change the image it appears to have of a nation following double standards while dealing with the global concern about terrorism.
A man walks past an advertisement of Japan's Olympus Corp in Tokyo

Olympus Steps Closer to Stock Market Delisting

Tokyo's stock exchange warned scandal-hit Olympus Corp on Thursday it will be delisted after 62 years as a publicly traded company if it fails to report earnings by December 14, another blow to the Japanese camera-maker's chances of survival.
Olympus's logo is seen through its waterproof housing at an electronics shop in Tokyo

Analysis: Olympus Scandal Puts Auditors Under Scrutiny

Olympus Corp's use of accounting tricks to hide big losses has raised questions about whether its auditors, the Japanese arms of global giants KPMG and Ernst & Young, should have done more to follow up on red flags.
BlackBerry PlayBook

Black Friday Sale: Staples to Sell Blackberry PlayBook at $199

Black Friday, the beginning of the Christmas shopping season has almost arrived in the U.S. where the retailers will offer products at a very cheap and discounted rate to kick off the the shopping season and hope to go into the Black (profitable) for the year.
Man looks at an electronic board displaying stock prices outside a brokerage in Tokyo

Japan Corporate Orders and Mood Sink; Tough Q4 Seen

A key gauge of Japan's corporate capital spending fell more than expected in September and manufacturers expect a further drop this quarter as business confidence sags in the face of the strong yen and slowing global growth.
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Japan corporate orders, mood sink; tough Q4 seen

A key gauge of Japan's corporate capital spending fell more than expected in September and manufacturers expect a further drop this quarter as business confidence sags in the face of the strong yen and slowing global growth.
A man's shadow is cast on monitors displaying stock market prices inside a brokerage in Taipei

Shares Drop as Bond Yields Oush Italy to the Brink

Asian stocks fell around 3 percent on Thursday after soaring Italian borrowing costs stoked fears that the debt crisis in the euro zone's third biggest economy will overwhelm its financial defenses, raising the risk of a break-up of the currency area.

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