EMERGING MARKETS

DC Universe Online

Gamers Spending More Time and Money on Free-to-Play MMOs

In 2011, U.S. gamers have spent an estimated $1.2 billion on F2P games, which have taken up to 47 percent of all MMO expenditures. It has grown 24 percent in the last year, now seriously contending with pay-to-play MMOs like World of Warcraft for players' attention. The report says gamers spend about 26 million hours every day playing MMOs in the U.S.

SAfrica cbank holds rates, targets inflation

Gill Marcus
South Africa's Reserve Bank held interest rates on Thursday, choosing to focus on rising inflationary pressures in preference to propping up a sluggish domestic economy as uncertainties clouded the country's future rate path.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks book biggest 1-day fall in 5 weeks

South African stocks posted their biggest one-day loss in five weeks on Wednesday, dropping 2.3 percent as fears about the outlook for Italy's debt crisis pushed investors to sell off recent gainers such as miners and banks.
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Best Buy bags U.S. mobile venture, axes UK chain

Best Buy bags U.S. mobile venture, axes UK chain

The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.
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HTC to push into emerging markets, eyes new tablet

HTC Corp said on Monday it will put equal investment weight on emerging markets next year as it does in developed ones like the U.S. and Europe, and will dip its toes back into the tablet market with a new model next year.
HCL

HCL Infosystems Profit Plunged by 74 Percent

Quarterly net profit of HCL Infosystems plunged 74 percent as its flagship computer retailing business suffered in an economic slowdown worsened by lesser government investment in computing and office automation business.
Central Bank of Egypt

Egypt foreign reserves post largest drop since April

Egypt's net foreign reserves slid by $1.93 billion last month, their worst drop since April, as investors dumped more treasury bills and other assets because of uncertainty over a peaceful transition to civilian rule, analysts said.
JLL HQ

Jones Lang LaSalle Revenue up 28 Percent

Jones Lang LaSalle, one of the world's largest real estate services companies, reported revenue of $903 million in the third quarter, up 28 percent from the previous year.
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Lenovo Q2 Profit up 88%, Beats Forecast

Lenovo Group Ltd, the world's No.2 PC brand, posted a better-than-expected 88 percent rise in second-quarter profit, helped by acquisitions and an increase in sales in emerging markets such as China.
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World Stocks and Euro Rise as Markets Look to Fed, G20

World stocks and the euro edged up on Wednesday after a rollercoaster week, as investors hoped for comfort on the weak U.S. economy and troubled euro zone from meetings of the U.S. Federal Reserve and Group of Twenty leaders.
A salesperson waits for customers at a Lenovo shop in Shanghai

Lenovo Q2 Net Profit up 88 Percent, Beats Forecast

Lenovo Group Ltd, the world's No.2 PC brand, posted a better-than-expected 88 percent rise in second-quarter profit, helped by acquisitions and an increase in sales in emerging markets such as China.

Weak India Performance Weighs on StanChart Results

Standard Chartered Plc said on Wednesday that operating profit before tax in the first nine months grew at a double-digit rate, helped by a strong showing in markets including Hong Kong and putting it in line for a ninth straight year of record earnings.
Japanese Bank Note

Analysis: Japan's Costly Bid to Weaken Yen

Japan's costly attempt to weaken the yen underscores its determination to do its best to ease the pain felt by the export-reliant economy without embarking on a potentially thorny sustained yen-selling spree to turn the market's tide.
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Credit Suisse to Cut Another 1,500 Employees

Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
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Weaker Economies Dent Cellphone Growth in Q3: IDC

The global cellphone market grew 12.8 percent in the third quarter, showing the second-lowest growth rate over the past two years due to conservative consumer spending and delayed smartphone purchases, research firm IDC said on Friday.

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