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Flat Burberry Sales Pull High-End Brands Down

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After London-based Burberry Group PLC (LON: BRBY) reported flat comparable-store sales for its second quarter, market watchers are trying to digest cross signals in the luxury goods market.
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An employee seals a stack of yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

China Factory Growth Slips In August

China's factories ran at their slowest rate for 39 months in August while a double-digit rise in fixed asset investment showed that infrastructure spending remained key to economic growth.
Asian Markets

Asian Stocks Week Ahead: Investors To Focus On FOMC Decision, China Data

Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
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Latin America's Five Most Competitive Countries (And One Slacker)

Chile retained its top spot among Latin American economies as the most economically competitive nation, while its neighbor to the east continued falling, according to a report from the World Economic Forum, which hosts the annual economic summit in Davos, Switzerland.
Valve, Maker of Steam and Source Software, Turns To Hardware

Valve, Maker of Steam and Source Software, Turns To Hardware

Bellevue, Wash.-based Valve, the software developer behind the critically-acclaimed Half-Life series, the Steam network for distributing games and the Source engine, is reportedly interested in building hardware. Valve, which was founded by two former Microsoft employees in Gabe Newell and Mike Harrington, added a job posting to its site on Tuesday morning for an industrial designer.
Rupee

Why India Should Adopt Urgent FDI Reforms

With India's economic growth faltering as a result of weak governance, policy paralysis and opposition to reforms, investors feel the urgent need to push for plans to allow foreign direct investment in financial sector and multi-brand retail trade.

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