CHINA

More U.S. billionaires pledge to give away wealth

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Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
A Japanese national flag flutters near a gas flare from a factory at Keihin industrial zone in Kawasaki in this file photo.

Japan retains world's number two economy tag, for now

With emerging economic powerhouse China snapping at its heels, Japan on Thursday said it still remained the second-largest economy in the world, and raised its third quarter gross domestic product growth to 4.5 percent on an annual basis.
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Youku, Dangdang shares soar in debut

The shares of two Chinese companies considered that nation's YouTube and Amazon.com soared in their U.S. debuts on Wednesday as investors bet they could become leaders in a still-nascent market.
A staff member packs a customer's items into a plastic bag at a supermarket in Changzhi, Shanxi province

All signs point to higher inflation in China

Domestic monetary policy, monetary policy abroad, wages, and the cost of essential commodities all point to higher inflation in China, according to virtually every single school of economic thought.
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McDonald's November sales weaker than expected

McDonald's Corp reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan.
An employee walks in front of shelves with newly made shoes at a leather shoe factory in Hefei, Anhui province - file photo

Chinese products attract most anti-dumping measures worldwide: WTO

China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
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U.S. fiscal health worse than Europe's: China adviser

The U.S. dollar will be a safe investment for the next six to 12 months because global markets are focused on the euro zone's troubles but America's fiscal health is worse than Europe's, an adviser to the Chinese central bank said on Wednesday.
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Stock index futures mixed

U.S. stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.11 percent, Dow Jones futures down 0.41 percent and Nasdaq 100 futures up 0.03 percent at 1049 GMT.
U.S. President Barack Obama prays next to House Minority Leader John Boehner before speaking at the GOP House Issues Conference in Baltimore

Bush tax cut extensions likely to help small businesses; impact on stocks unclear

Longer-term, the potential impact of the tax cuts upon the stock market and economy remain rather fuzzy, given the multitude of other issues facing investors, including perpetually high unemployment in the U.S., a seemingly never-ending sovereign debt crisis in Europe and constant friction with China over trade and currency.
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Despite volatility, 2010 set to be record IPO year

The amount raised globally from initial public offerings in 2010 is on track to beat any other year on record, according to Ernst & Young, despite waves of market volatility which disrupted many planned listings.
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3M sees headwinds in 2011, shares dip

3M Co said on Tuesday it would face headwinds, especially in the developed world, that would prevent sales from hitting internal targets in 2011, a forecast that made its stock the biggest decliner on the Dow.
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M.D. Sass sees S&P up 20 percent by end 2011

U.S. equities are the cheapest major asset class and the benchmark Standard & Poor's 500 stock index will rise 20 percent in 2011, veteran money manager Martin Sass said on Tuesday.

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