IBT Staff Reporter

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Gold Hunger in China further bolstered by approval of first Gold Fund

Now institutional investors in China can join the gold buying frenzy as well, which retail investors and the Chinese central bank are already engaged in. China approved the country's first mutual fund that bets on gold prices, as inflation fears fuel demand for the precious metal.
Nov 29, 2010
Iran

Ahmadinejad claims Wikileaks data 'released' by US, not 'leaked'

Iranian President Mahmoud Ahmadinejad claimed that the documents published by whistle-blower website Wikileaks were released intentionally by the U.S. administration. In an interview to the state-run Press TV Ahmadinejad maintained that the documents would not impact the country's relations with other Arab governments.
Nov 29, 2010
India's Prime Minister Manmohan Singh attends the Indian labor conference in New Delhi November 23, 2010

Indian PM not guilty of inaction in 2G scam, Atty. Gen. tells apex court

Indian Prime Minister Manmohan Singh is not guilty of inaction but was misguided by the Law Ministry and the bureaucrats and hence delayed in filing replies to the complaints of an opposition lawmaker who sought sanction to prosecute 2G spectrum scam accused Andimuthu Raja, the Attorney General of India has submitted before the Supreme Court.
Nov 29, 2010
International Business Times Logo

Has Google beaten Yahoo to acquire Groupon?

In a deal worth $2.5 billion Google is rumored to have acquired the collective daily deal provider Groupon, beating Yahoo, to capture the hottest company on the web.
Nov 29, 2010
Iran's nuclear scientist assassinated

Iran's nuclear scientist assassinated

Twin blasts in Tehran killed a prominent Iranian nuclear scientist while another sustained injuries on Monday. In separate assassination attempts, bombs were placed under their cars. State media held Israeli intelligence agents for their death.
Nov 29, 2010
atm machine

Shoppers Beware: Skimming Attacks Up

Shoppers who use credit and debit cards should beware the skimmers -- devices that are fitted onto an ATM machine and steal your credit card number and PIN.
Nov 29, 2010
Consumers in Australia

Cyber Monday shopping to rise 11 pct

Over 106 million Americans plan to shop on Cyber Monday, the ceremonial kickoff to the online holiday shopping season, up significantly from the estimated 96.5 million who shopped last year, a survey showed.
Nov 29, 2010
"Black November"

Black Friday Online Spending Rises

The U.S. online retail sector delivered double digit growth on Black Friday 2010 compared with the year-ago levels, according to a report from IBM. The findings showed that online sales rose 15.9 percent, with consumers pushing the average order value up 12.1 percent to $190.80.
Nov 29, 2010
Roger Federer

Federer sinks Nadal to take London title

Roger Federer won his fifth season-ending title when he sailed past a seemingly tired Rafael Nadal 6-3 3-6 6-1 in the ATP World Tour Final at the O2 Arena, London on Sunday.
Nov 29, 2010
Brazil's forces seize control of Rio slum

Brazil's forces seize control of Rio slum

Brazil's forces have seized control of Alemao favela complex in northern Rio de Janeiro on Sunday. Army tanks have entered the slum which is believed to be a hideout for more than 500 members of violent drug gangs. Rio's slums, for the past few years, have been controlled by the gangs in possession of with heavy weapons and used for drug trafficking.
Nov 28, 2010
Haiti goes to polls

Voters shy away from polls in Haiti

Voting is underway to elect a new president in the cholera-hit Haiti. International observers are on the watch hoping that the elections will lead to a stable government capable of administering the humanitarian aid flowing into the country. Almost $900 million of the pledged $2.12 aid has been disbursed by 24 donor nations. Armed peacekeepers are on guard at polling booth across the capital of Port-au-Prince.
Nov 28, 2010
South Korean President Lee Myung-Bak (R) meets Chinese State Councillor Dai Bingguo at the presidential Blue House in Seoul November 28, 2010.

China calls for emergency talks, South Korea 'accidentally' fires into DMZ

China on Sunday proposed an emergency meeting of all nations involved in the Six-Party Talks over North Korea in early December. Seoul responded immediately dismissing the resumption of talks as not timely. Meanwhile, South Korea had mistakenly fired an artillery shell towards the Demilitarized Zone (DMZ)
Nov 28, 2010
South Korea an US begin joint military exercises on the Yellow Sea

China to make 'urgent' announcement on Korean tension, drills

Beijing is set to make an 'urgent' announcement on Sunday afternoon in the wake of US-south Korea military drills in the Yellow Sea. The Chinese government had earlier warned both countries that the military activity in the region could escalate tensions.
Nov 28, 2010
Arsenal's Nasri celebrates with teammate Arshavin after scoring a goal against Aston Villa during their English Premier League soccer match at Villa Park in Birmingham.

Arsenal survive Villa pressure

Arsenal survived a second half comeback from Aston Villa to win 4-2 at the Villa Park on Saturday's early kick-off.
Nov 27, 2010
Teenager was plotting to bomb Oregon tree-lighting event : FBI

Teenager tried to bomb Oregon tree-lighting event : FBI

FBI sleuths detained a 19-year-old allegedly plotting to detonate a vehicle bomb at an annual Christmas tree lighting ceremony in Portland, Oregon. The arrest was announced late on Friday evening by the Justice Department who stated that Mohamed Osman Mohamud, a naturalized U.S. citizen from Somalia and a student at Oregon State University, was arrested after he attempted to detonate what he believed to be an explosives-laden van.
Nov 27, 2010

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