UNITED STATES

Trade gap narrows more than expected in October

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The U.S. trade deficit narrowed much more than expected in October, as exports rose a robust 3.2 percent and imports declined slightly in the face of slackening demand for industrial and petroleum products, a Commerce Department report showed on Friday.

China raises bank reserves 3rd time in a month

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China's central bank on Friday raised the amount of money the country's lenders must keep on reserve for the third time in a month, following a spate of robust data that strengthened the case for policy tightening.
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Pro-WikiLeaks hackers target payment site

Cyber activists striking at companies seen as enemies of WikiLeaks sought to block the website of online payment firm Moneybookers on Friday but denied their campaign was intended to damage economic activity.
US Army bans removable media, warns personnel of 'court martial'

Wikileaks effect: US military bans use of removable media, warns personnel of 'court martial'

The assault of Wikileaks forced US military to ban the usage of CDs, DVDs and USB flash drives on its internal network, SIPRNET, reports suggest. The latest move is likely to force Pentagon to revert to using a rather conventional data-transfer medium. Memos sent out earlier this week by the defense department also warn of court martial to military personnel found in violation of the order.
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Chinese social networking firms eye U.S. IPO gold: sources

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States next year, the first in a rush of Chinese Facebook clones looking to list.
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China social networking co hires banks for U.S. IPO

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States in the first half of next year, sources close to the matter told Reuters on Friday.
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Panasonic cautious on U.S., Europe holiday sales

Consumer electronics maker Panasonic Corp said on Friday it sees no strong recovery in year-end sales in North America and Europe, but expects to pull its loss-making TV unit into the black in the January-March quarter.
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World stocks tick higher

World stocks edged higher on Friday as investors grew more confident about the prospect for economic recovery following robust U.S. and Chinese data while Treasuries stabilized after a sell-off earlier this week.
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Wall St futures signal higher open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
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Strong China data points to more rate rises

Chinese imports and exports jumped in November, bank lending topped forecasts and property investment powered ahead, a series of numbers that could clear the way for the central bank to raise interest rates as soon as this weekend.
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U.S. video game sales jump 8 percent in November

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.
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Japan stocks slip but set to outperform Asia in week

Japanese stocks slipped from a seven-month high on Friday on profit taking, though were poised to outperform the rest of Asia this week, while U.S. Treasuries were steady on the view yields had risen too high, too quickly.
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China made example of Nobel winner Liu: Wikileaks

China chose to make an example of Nobel Peace Prize winner Liu Xiaobo by jailing him for 11 years last year during a wider crackdown on dissidents, Spain's El Pais newspaper said on Thursday, citing U.S. diplomatic cables obtained by WikiLeaks.
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WikiLeaks cables: Pfizer took aim at Nigeria AG

Drugmaker Pfizer hired investigators to find evidence of corruption against the Nigerian attorney general to convince him to drop legal action against the company over a drug trial involving children, the Guardian newspaper reported, citing U.S. diplomatic cables made public by WikiLeaks.
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Obama's tax cut compromise threatened by House Democrats

House Democrats are rebelling against Obama's tax cut compromise with the Republicans. On Wednesday, they essentially rejected it in its current form by passing a non-binding resolution to block it from coming to the House floor.
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Video game sales jump 8 percent in November

A strong turnout by shoppers for Black Friday boosted U.S. video game sales 8 percent last month, marking the strongest November on record, but sales for the whole year are likely to be flat at best, according to retail research firm NPD Group.

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