CHINA

Apple computers are seen inside the newest Apple Store in New York City's Grand Central Station

Global IT Spending To Rise 6% In 2012 To $3.6T: IDC

Venerable forecaster IDC predicted global spending on information technology this year will rise six percent to about $3.6 trillion, despite sluggishness in sector like PCs. The market also includes telecommunications services.
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People walk past an electronic board displaying graphs of various market indices from around the world outside a brokerage in Tokyo

Asian Stocks Rise On China Stimulus Hopes

Most of the Asian markets rose Monday as investors remained hopeful that stimulus measures would soon be announced by China to boost its economy as its industrial production growth rate slowed down in August compared to previous month.
Cars on display

Low R&D Spend Threatens Auto Part Makers' Ambitions

From Daimler trucks in Germany to tractors in Brazil, Rohit Saboo's Indian automotive parts are making their way into vehicles all over the world. But as he scales up exports to compensate for slowing growth at home, a lack of spending on innovation is undermining his sales pitch.
An employee seals a stack of yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

China Factory Growth Slips In August

China's factories ran at their slowest rate for 39 months in August while a double-digit rise in fixed asset investment showed that infrastructure spending remained key to economic growth.
Asian Markets

Asian Stocks Week Ahead: Investors To Focus On FOMC Decision, China Data

Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
Yangtze River Turns Red: Photos Of China's Once Golden, Now Scarlet Pathway [PICTURES]

Yangtze River Turns Red: Photos Of China's Once Golden, Now Scarlet Pathway [PICTURES]

The Yangtze River, the third longest river in the world, sometimes called the "golden watercourse," mysteriously blushed for the first time on Sept. 6. Residents in the surrounding area near the city of Chongqing, where the Yangtze connects to the Jialin River, literally stopped in their tracks when they noticed their once golden river had turned a shocking shade of red. For photos of the once golden river, check out the pictures in the photo gallery.
Yangtze River Turns Red: Photos Of China's Once Golden, Now Scarlet Pathway [PICTURES]

Chinese River Turns Red, And Nobody Is Quite Sure Why

A stretch of China's Yangtze River has mysteriously turned red around the city of Chongqing. Officials are investigating the river's transformation, as nobody is quite sure what caused it. The river began turning the color of a nice marinara sauce on Thursday.
Barack Obama

President Obama's 2012 DNC Speech Video And Full Text Transcript

U.S. President Barack Obama's speech Thursday night earned mixed reviews, but his reminder of the campaign promises he ran on in 2008 made members of the audience emotional. Obama reminded the audience that all Americans, Democrat and Republican, have problems that can be solved.
Honduras

Honduras' Charter Cities: Potential Economic Miracles or New 'Banana Enclaves'?

Honduras is implementing a bold new plan to establish independent "charter cities" that will operate under separate laws in a bid to draw more foreign investment. Proponents says the plan will create thousands of jobs and spur economic development in the rest of Honduras, while critics say they will only open the door for corporations and other governments to exploit cheap labor and neoliberal tax laws.
Myanmar

Coke, GE Step In As Ex-Pariah Myanmar Opens To Foreign Investment

After breaking from decades of military rule, Myanmar's parliament ratified legislation promoting foreign investment on Friday, opening the southeast Asian country to investment from companies like MasterCard Inc. (NYSE: MA), the Coca-Cola Company (NYSE:KO) and General Electric Co. (NYSE: GE).
General Liang Guanglie

Chinese Defense Minister's Cash Gift To Indian Pilots Causes A Stir

China's Defense Minister General Liang Guanglie caused a stir, perhaps inadvertently, while on a visit to India by handing a cash gift of Rs. 100,000 ($1,800) to two Indian Air Force (IAF) pilots who flew him from Mumbai to New Delhi Monday, media reports said Thursday.

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