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Apple to pay 12 million Yuan for copyrights abuse
Tue, 10 Jan 2012 08:58:04 GMT
 
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 >>
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Gold erases losses on weaker US Dollar
Tue, 10 Jan 2012 08:56:53 GMT
 
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 >>
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Asian stocks rally on enlarging hopes about monetary easing
Tue, 10 Jan 2012 07:52:58 GMT
 
Asian stock markets extended gains on Tuesday on investor hopes Beijing will intervene to support economic growth. Shanghai Composite Index rallied 2.61%, Hong Kong's Hang Seng Index added 0.9% and Japan's Nikkei Stock >>
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US shares edge higher on Monday
Tue, 10 Jan 2012 07:52:40 GMT
 
US shares closed higher on Monday as worries about European debt crisis were outweighed by data indicating the recovery of US economy. Dow Jones Industrial Average added 0.27% or 32.77 points and finished >>
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European stocks finish down on Monday
Tue, 10 Jan 2012 07:52:08 GMT
 
European equity markets closed lower on Monday led by UniCredi SpA after Merkel-Sarkozy meeting. Although Merkel emphasized the progress reached in talks she also admitted Greece must implement its debt reduction soon otherwise >>
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Olympus sues its current and former managers claiming $1.7bn
Tue, 10 Jan 2012 07:51:33 GMT
 
Olympus Corp. announced it will request to cover losses valued at $1.7bn, created by firm's president, Shuichi Takayama and 18 other past and present executives which are accused for involving in a scheme to >>
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Alcoa reports first three-monthly loss since 2009
Tue, 10 Jan 2012 07:51:08 GMT
 
Alcoa Inc. the leading US aluminum manufacturer reported first trimestral loss since 2009 as prices for the metal tumbled. The net loss of fourth quarter of 2011 $191 million or $0.18 per share, >>
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US Consumer borrowing jumps to decade record high in November
Tue, 10 Jan 2012 07:50:07 GMT
 
Consumer borrowing in US rose in November reaching a 10-year record-high indicating households feel safe to borrow and financials are ready to lend. Consumer Credit surged by $20.4 bn, the biggest increase since >>
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Chinese import growth slips in December
Tue, 10 Jan 2012 07:49:37 GMT
 
China's import declined hitting two-year record low in December, stressing a slowdown in world's second biggest economy. Imports added annual 11.8% in December less than was predicted by analysts earlier. Exports surged 13.4% >>
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Angela Merkel: deal for second Greek bailout has to be concluded soon
Mon, 09 Jan 2012 16:38:18 GMT
 
The agreement with Greece's bondholders had to be concluded soon as Greece needs to receive the second bailout package, said Angela Merkel. In case Greece does not get 130bn Euros coupled with >>
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China to continue prudent monetary policy
Mon, 09 Jan 2012 16:24:41 GMT
 
China will continue its tight monetary policies but is ready to fine-tune them in case of necessity, announced the PBOC, closing the work conference. The PBOC plans to adjust the supply of >>
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Gold falls on the firmer USD
Mon, 09 Jan 2012 16:24:15 GMT
 
Gold prices added to Friday's losses as uncertainty over the Euro zone and firmer UD dollar continued to weight down on the yellow metal's price. COMEX gold for delivery in February traded >>
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Natural gas rally on the colder weather forecasts
Mon, 09 Jan 2012 16:23:48 GMT
 
Natural gas futures increased on Friday after falling to 28-month low as markets were inspired by colder weather forecasts that are likely to increase the heating fuel demand. Natural gas futures closed >>
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Mario Monti: no crisis for the Euro
Mon, 09 Jan 2012 16:21:23 GMT
 
Italian PM, Mario Monti, announced that 'the Euro is not in crisis' as the common currency manages to maintain its exchange rate versus the USD. Moreover the banking system of Italy stabilizing and is >>
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China to improve stock market confidence
Mon, 09 Jan 2012 16:20:18 GMT
 
China will boost the stock market confidence over the next five-year period, reported Xinhua. The boost of the stock market confidence, which remained bearish since the last world's financial crisis, has become >>
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