CHINA

Greece could trigger global banking crisis: Canada

Greece could trigger global banking crisis: Canada

A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Finance Minister Jim Flaherty said on Wednesday, notably hardening his criticism of European authorities.

Gold Price Down More Than 3 Percent

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Gold fell by more than 3 percent on Thursday, set for its largest monthly decline since January, after the Federal Reserve's move to boost U.S. growth lifted the dollar, which battered the commodities complex.

Zambia Election Results Trickle in Slowly

A mother casts her vote during the Zambian presidential election,
After 85 of 150 voting districts have been tallied, Sata leads the race with 43 percent of the vote, compared to President Banda's 36 percent. However, Banda still leads in the most recent opinion polls.
Woman cooks dog meat

Dog-Eating Festival in China Ends After 600 Years

China banned an annual dog-eating festival after a large public outcry over the way the animals were killed. The event in Qianxi Township outside Jinhua City in Zhejiang Province has been going on for 600 years, but both local and international outrage has stopped the event.
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Zambia election

China Nervously Watches Zambia's Election

Zambia held presidential elections Tuesday, but two days later only 85 of the country's 150 constituencies have reported results, sparking wide-scale unrest in the country and again bringing up fraud allegations. While all eyes are on Zambia, one nation's gaze is especially fixed: China.
U.S. and Global Economies

Nouriel 'Dr. Doom' Roubini: Economic Recovery Reaching 'Stall Speed'

Talk is cheap that the U.S. is merely in slow-growth mode more than two years after the official end to the recession, says Nouriel Roubini, the New York University professor who predicted the collapse of the U.S. housing market and predicted the 2008 recession.
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Commodities Falling around the World, China Weakness Cited

Commodities skidded on Thursday as investors scrambled to liquidate after a U.S. Federal Reserve warning, coupled with signs of slower growth in China and Europe, stoked worries about slowing demand for fuels and metals.
Gold bar

Gold Price Falls in European Trading

Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar but pummelled global equities and hit the entire commodities complex.
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Spot Gold Slips In Asian Trading

Spot gold slipped on Thursday under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the U.S. Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook.
DAX board is pictured at the Frankfurt stock exchange

Stocks Take Beating on Grim U.S., China, Germany Data

A grim outlook for the U.S. economy from the Federal Reserve and signs of a slowing China and Germany drove world stocks sharply lower on Thursday and pushed investors into safer currencies and government bonds.
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Europe Must do More to Quell Crisis: U.S. Treasury Official

Europe's debt crisis is the biggest threat to the global economy, the Treasury said on Wednesday, and it called on European policymakers to provide unequivocal support to banks and governments under stress.
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BRICS to Consider Euro Bonds Plan: South Africa's Gordhan

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.
Woman walks past an electronic board displaying market indices outside a brokerage in Toky

U.S. Stock Futures Point Downward

Stock index futures pointed to a lower open on Wall Street, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures down between 1.4 to 1.8 percent at 0923 GMT.
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North Korea Seeks to Reopen Nuclear Talks with U.S.

North Korea wants a second round of dialogue with the United States, possibly next month, as part of renewed efforts to restart talks on disabling the its nuclear weapons program, a South Korean official said Thursday.
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Fed Outlook, China Data Depress World Markets

World stocks hit a fresh one-year low on Thursday and investors poured money into safer currencies and government bonds after the Federal Reserve gave a grim outlook for the U.S. economy and China's manufacturing slowed.
India-Nepal quake

Rescue Workers Search for Survivors of Himalaya Quake

Rescue workers with sensors and sniffer dogs searched through rubble on Wednesday for more survivors of an earthquake that has killed at least 100 people in a remote Himalayan region and left many, including 400 foreigners, stranded in far-flung areas.
Apple is expected to launch new iPhone in October

Save the Date for iPhone 5 - Oct. 4?

Get ready to digest another rumor on the Apple iPhone 5 release date. AllThingsD reported Wednesday that sources have confirmed that Apple will hold a media event on Oct. 4 to unveil the iPhone 5.
China Back Apple in Patent War: Country Grants 40 New Patents Protecting iPhone, iPad

iPhone 5 Features: 3G for Now, LTE Likely in 2012

Apple is expected to launch its anticipated next-generation iPhone 5 on October 4, and while it should feature a number of bells and whistles, it will probably lack 4G ... for now.
Death Sentence

U.S. Execution Rate Pales in Comparison to Iran, China

As of Jan. 1, 2011, there were 3,251 total prisoners on death row in the U.S., but the number of executions per year has been declining over the past decade. Despite the decline, the United States still executes the fourth most people of any country in the world.
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China Set to Launch First Space Station Module

China is all set to launch its first unmanned space module on Tuesday. The world's third biggest country will launch the test module into orbit via Long March II-F rocket, which is developed by China Academy of Launch Vehicle Technology.
Chinese Police Arrest Fake iPhone Ring as Apple’s iPhone 5 Unveiling Looms

Apple Wins 40 Patents in China to Counter Piracy

To address the growing problem of Apple knock-offs and copycats in China, the company has been granted 40 patents for its line of mobile and laptop computing systems.
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Gold Fields Could Invest up to $2B in Filipino Venture

South Africa's Gold Fields Ltd. could invest up to $2 billion to develop a gold and copper prospect in the Philippines, a government official said on Wednesday, although the company said it was far too early for such estimates.

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