ECONOMY & MARKETS

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Zambia's New Govt Wants More of Foreign Miners' Revenue

New Zambian President Michael Sata fired his respected central bank governor on Thursday and his new mines minister floated plans to boost tax receipts from mining companies, rattling investors in Africa's biggest copper producer.

US House Prices: No Real Recovery in Sight

Mortgage Rates Hit All-time Low
House prices in the United States are about to end a five-year-long decline but a meaningful recovery is a number of years away owing to a structural deficit in demand, according to analysts.
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Asian stocks rise as China data boosts hopes

Asian Stocks Edge up, Euro Stalls as Caution Prevails

Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets
A Yahoo! billboard is seen in New York's Time's Square

Yahoo: Breaking Up Is Easy To Do

The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
Canada a magnetic north for U.S. retailers

Canada a magnetic north for U.S. retailers

More U.S. retailers looking for fresh markets are turning to Canada, lured by their northern neighbor's resilient economy, strong currency and the familiarity with their brands.
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Zimbabwe Launching Probe of Foreign-Owned Miners

Zimbabwe will soon probe foreign-owned firms to establish their level of compliance with a law requiring them to sell at least a 51 percent shareholding in their Zimbabwean operations to locals, an official said on Tuesday.
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India's Commodity Exchanges: Will Politics Hinder Growth?

India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.
A woman walks past a stock quotation board outside a brokerage in Tokyo

World Stocks Rebound on Euro Bailout Hope

World stocks rose for a third straight session on Tuesday, with European shares up 2 percent, as investors took comfort from reports that officials were working to add to measures to calm the euro zone debt crisis.
Rupee

Rupee up on Shares, Regional Peers

The rupee was stronger in early morning trades on Tuesday on the back of positive local shares, higher regional peers and a firm euro.
A man walks in front of a board showing stock market prices inside a brokerage in Taipei

Asian Stocks Gain on Hopes for Euro Zone Plan

Asian shares rose on Tuesday on hopes that euro zone officials will act to corral Greece's debt woes and prevent another full-blown banking crisis, but the euro failed to hold on to all its gains.
Australian Stock Market

Commodities Bounce off Session Lows on Hope about Europe

Commodities bounced off lows on Monday after one of the biggest sell-offs since the 2008 financial crisis turned into cautious buying on hopes that Europe would prevent its debt crisis from dragging down the global economy.

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