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Sony Debuts iTunes Competitor

Sony announced its monthly subscription based streaming music service, Music Unlimited powered by Qriocity, has made its official debut in the United Kingdom.
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Is South Korea's live-fire mega drill a futile exercise?

US diplomats in Washington once dubbed North's Korea's military drills as 'fish-killing' activities. Yet the South, backed by the Obama administration, has been continuously holding live-fire drills in the disputed zone of the Korean Peninsula. With a continual military activity, the coming months could only witness a deteriorating situation in the peninsula, unless both sides are pressured to engage in a dialogue.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.
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Rio Tinto near deal on $3.8 billion Riversdale bid: sources

Anglo-Australian miner Rio Tinto is finalizing a $3.8 billion takeover bid for Africa-focused Riversdale , according to two sources, upping an earlier offer as it seeks to gain key coking coal supplies amid soaring demand from India and China.
A general view of Machu Picchu ruins April 1, 2010.

Tourism hotspots of 2010

While UN World Tourism Organisation recently announced that France will be the most sought-after place in 2010, places such as Scotland, Israel, Bethlehem and the like remained horded for some unusual charms. Here’s a list of world’s 10 tourist hotspots that saw an incredibly rise in tourism interests in 2010.
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KKR's $1.7 billion bid for Perpetual off

Australian wealth manager Perpetual has called off talks with private equity firm Kohlberg Kravis Roberts & Co over a $1.7 billion takeover saying the approach undervalued the company, knocking its shares down by nearly 15 percent.
Teammates congratulate Harris for taking the wicket of Prior during the third Ashes cricket test in Perth.

Australia win third Ashes test, level series

It took Australia only 50 minutes on the fourth day of the Perth test at WACA, the third of the series, to take the remaining five wickets and land a 267-run win against England.
Australia's Johnson celebrates the wicket of England's Trott during their third Ashes test in Perth

Johnson's swings Australia into form

Australia restricted England to an abysmal 187 through a brilliant Mitchell Johnson's 6-38 before extending their lead to 200 runs in their second innings on the second day of the third Ashes test at Perth.
Japan's Foreign Minister Seiji Maehara (L) meets with China's Foreign Minister Yang Jiechi in Hanoi

Top political and economic risks for Asia next year

The Asia-Pacific region will continue to be the fastest-growing region of the world in 2011, according to a forecast by IHS Global Insight. However, the report says the region faces significant risks in the backdrop of the fragile state of some of the largest economies in the world, the raging sovereign debt crisis in the European Union and 'deep-seated structural problems facing Japan.
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Australian dollar off parity vs greenback on profit booking

The Australian dollar that rose above parity on Tuesday helped by renewed risk appetite after the US Fed's decision to keep its accommodative policy intact for an extended period of time, but was down across the board in Asian trade on Wednesday as investors booked profit.

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