CHINA

Fake iPhone 5 For Sale in China?s Online and Phone Markets

iPhone 5 Will Have New Curved Case With Larger Screen Display (IMAGES)
While U.S. customers are still waiting for the upcoming iPhone 5 this fall, various types of fake iPhone 5 devices have been on sale in Chinese online store and offline markets. The Fake iPhone 5 is sold at $108 and features a similar design following the rumor of iPhone 5 specs. It is encased in a plastic body, two LED flash cameras and a label saying it has 64GB of storage. Also the fake device runs a JAVA-based OS, plays MP3?s and connects via WiFi.
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Toyota cautious on forecast after quake hits results

Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.
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Toyota lifts forecasts, posts loss on quake and yen

Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
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Bank of Korea buys gold as dollar, euro lose clout

South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
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Toyota posts big first quarter loss hurt by quake, yen

Toyota Motor Corp <7203.T> reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake on record hammered production and the yen's rise hit profitability on exports. The company raised its annual forecast.
The Bank of Korea governor Kim answers a reporter&#039;s question during a news conference after a rate setting meeting at the bank&#039;s headquarters in Seoul

Bank of Korea buys gold, first time since '97-'98

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Apple is expected to launch new iPhone in October

iPhone 4 Price Drops. So What? Give Me an iPhone 5

More clues are piling up in regards to the release date of Apple's highly anticipated iPhone 5 set to hit the markets this fall. The latest news speculate that Target will be offering price drops on the iPhone 4 for five bucks if you trade in an old 3GS model. Customers can also purchase a 16GB iPhone 4 for $170 with a two year contract or go to Radio shack and get an iPhone 4 32GB model for $270.
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China official paper says U.S. debt worries

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
Russian Prime Minister Putin answers questions from the audience during his visit to the summer camp of the pro-Kremlin youth group &quot;Nashi&quot; at lake Seliger

Putin says U.S. is a "parasite" on global economy

Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
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Sohu slides as investors not game for higher ad spend

Chinese Internet portal Sohu.com Inc's shares fell more than 11 percent on Monday, as a 37 percent rise in quarterly net profit failed to impress investors amidst falling gross margins and higher operating expenses.
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Cuba's Creole Choir to qawwali at surging WOMAD 2011

Anyone who complains that WOMAD is "too safe" must have missed the mosh pit that appeared at the front of gypsy punk band Gogol Bordello?'s late Sunday set, where the frenetic dancing of the band's teenage fans briefly descended into cheerful anarchy.
An HSBC bank logo is highlighted by the sun in London

Foxconn, HSBC Join Global Trend: Technology Reducing Labor Costs

Technology is increasingly displacing the need for workers worldwide. Foxconn, making of Apple's iPhones and iPads, plans to add one million robots to factories in the next three years. HSBC is cutting out "unnecessary bureaucracy" in eliminating 30,000 jobs.

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