Apple to pay 12 million Yuan for copyrights abuse

Source: China.org.cn

Nine writers from China took legal action against Apple Inc. claiming the company has violated copyrights. The claim is writers' attempt to protect rights online as many readers switched to e-books. The writers said the company allows clients to download pirated books via App Store. Beijing No 2 Intermediate People's Court accepted lawsuit and currently is examining all materials.

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Tue, 10 Jan 2012 08:58:48 GMT

Crude oil advances on the Iranian issue

Crude oil futures advanced after prior losses caused by weak industrial activity in Germany. Investors continue to eye the developments in Iran that warns it may close Strait of Hormuz in case of new sanctions from Western economies. Light, sweet crude oil futures for February delivery traded at USD101.55 a barrel, on the New York Mercantile Exchange, gaining 0.24%.

Tue, 10 Jan 2012 08:56:53 GMT

Gold erases losses on weaker US Dollar

Gold rebounded after losses as appreciation of the US Dollar slowed down. The Dollar index was flat on Tuesday at 81.131. COMEX gold for delivery in February traded at USD1,613.85 a troy ounce, on the New York Mercantile Exchange, edging up 0.36% since opening.

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