IBT Staff Reporter

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Eurozone Inflation Dips, Opens Door to ECB Cut

Consumer prices in the Eurozone fell more than previously expected in December, the start of a retreat from a November peak that should give the European Central Bank more room to cut interest rates as the economy heads for recession.

ZTE sees China, U.S. key smartphone markets

ZTE Corp, the world's No.4 handset maker, said it sees China and the United States as key drivers for its fast-growing smartphone market as it shifts away from low-end feature phones in a bid to boost profit margins.

Analysis: Ditch the assumption developed economies are safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.

Ditch the Assumption that Developed Economies Safe

LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.

U.S. online piracy bill headed for major makeover

U.S. legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be scaled back or jettisoned entirely in the wake of critical comments over the weekend from the White House, people familiar with the matter said.

Burberry hit by slower U.S. sales growth

British luxury brand Burberry Group Plc reported a sharp slowdown in U.S. sales growth as it chose to cut back supplies for department stores to sell through their discount outlets, knocking its high-flying shares.

Euro zone inflation dips in December, opens door to ECB cut

Consumer prices in the euro zone fell more than expected in December, data showed on Tuesday, signaling a retreat from a November peak and giving the European Central Bank more room to cut rates to historic lows as the economy heads for recession.

ZTE sees surge in smartphone shipments

ZTE Corp, the world's No.4 handset maker, said on Tuesday that it expects its global smartphone shipments to at least double this year as it seeks to boost margins in the competitive sector, and plans to launch Windows-based smartphones in China later this year.

Stock index futures signal strong gains

Stock index futures pointed to a higher open on Wall Street on Tuesday following a long holiday weekend, with futures for the S&P 500 up 1.01 percent, Dow Jones futures up 0.95 percent and Nasdaq 100 futures up 1.1 percent at 1027 GMT.

Panel clears audit firms of Olympus scandal blame

An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, though the role of the firms remained under official review.

Insight: In Arab Spring, economic gain may trump pain

Mazen Dajani, chief executive of Jordan's CTI Group, says the Arab Spring accomplished what the global financial crisis of 2008-9 did not: it pushed his company, one of the world's largest shippers of cement, into the red.

Global shares, euro up on China data

Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis was slowing global activity.

Samsung Group to make record investment in 2012

South Korean conglomerate Samsung Group, which includes Samsung Electronics Co, said on Tuesday it would raise its 2012 investment to a record 47.8 trillion won ($41.4 billion) as it seeks to consolidate its leading position in mobile chips and flat screens.

China GDP at 2-1/2 Year Low but Beats Forecast

China's economy grew at its weakest pace in 2- years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.

Olympus Panel Clears Auditing Firms of Blame in Scandal

Accounting groups KPMG and Ernst & Young have been cleared of responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, one of the nation's worst corporate scandals, in a report issued on Tuesday by a company-appointed panel of lawyers.

Asian shares steady as China data eyed

Asian shares inched higher and the euro stayed above a 17-month trough on Tuesday as investors focused on economic data from China to gauge the impact of the euro zone debt crisis on global growth.

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