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IMF replaces Europe director as debt crisis boils

The International Monetary Fund replaced its European Director with a powerful, well-connected, insider on Wednesday in a sign the global lender is setting a more forceful course of action in dealing with the European crisis.

Qihoo Q3 Beats, Sees Q4 Revenue Above Estimates

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China-based Qihoo 360 Technology Co (QIHU.N) posted better-than-expected quarterly results and forecast strong revenue for the current quarter as the provider of antivirus software draws more money from online advertising.
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Ericsson, Alcatel Dominate LTE Market: Dell'Oro

Ericsson and Alcatel-Lucent won more of the emerging market for LTE wireless network technology in the third quarter, helped by their strong position in the United States, researcher Dell'Oro said.
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Oil Prices

Oil Pushes Through $100 Level…Again

Several factors are at work in oil's latest push back above the psychologically-significant $100 per barrel level -- a price that U.S. motorists wince at.
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Huawei says focus has shifted fully to margin

China's Huawei Technologies , which has aggressively grabbed around the fifth of mobile telecom gear market, has shifted its focus on improving its margins after it has got a large enough foothold in the market, a company official said.
Visitors play the Xbox at the Microsoft exhibition stand during the Gamescom 2011 fair in Cologne

Xbox 720 Rumors Say the Cloud is Coming

According to the rumor mill the successor to the Xbox 360 could be some sort of cloud-gaming hybrid mixing physical discs with an online service. Analysts have been busy trying to figure out Microsoft's next move.
Local and mainland Chinese university students dress as Foxconn workers during a rally in Hong Kong in May, demonstrating against the "dire" working conditions of workers from Foxconn and Apple.

Apple Addresses Factory Pollution in China

Five different Chinese environmental groups told Apple that as many as 22 different parts suppliers of Apple products had been releasing toxic gases and heavy metal sludge into the environment.
Swaziland"s King Mswati III attends the Southern African Development Community

Swaziland cash crunch critical, AIDS spending hit

A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Robert Mugabe

China urges Zimbabwe's Mugabe to expand economic ties

Zimbabwe's President Robert Mugabe won praise on Wednesday as a great African figure and old friend of Beijing, underscoring China's commitment to boosting business ties to a leader shunned by Western governments.
TSX flat as weak golds outweigh stronger banks

TSX may open lower as Europe rattles markets

Canadian stocks looked set to open lower on Wednesday along with commodities on investor fear of contagion from the weakest debt-ridden euro zone economies such as Greece into bigger ones such as Italy, Spain and even France.
Barack Obama Australia vist

Obama, in Australia, Announces Basing of Marines in Darwin

President Barack Obama and Australian Prime Minister Julia Gillard Wednesday unveiled plans for a deepening of the U.S. military presence in the Asia-Pacific, starting with thousands of U.S. Marines operating out of a de facto military base in the Australian port of Darwin.
Massacre in Syria

Syrian Army Defectors Battle Assad Forces Near Damascus

Syrian army defectors attacked an intelligence complex on the edge of Damascus early Wednesday, the first such reported assault on a major security facility in the eight-month uprising against President Bashar al-Assad, activists said.
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China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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China FDI remains strong, export outlook darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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U.S. reserves right to meet cyber attack with force

The United States reserves the right to retaliate with military force against a cyber attack and is working to sharpen its ability to track down the source of any breach, the Pentagon said in a report made public on Tuesday.

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