CHINA

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.

China urges Zimbabwe's Mugabe to expand economic ties

Robert Mugabe
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 may open lower as Europe rattles markets

TSX flat as weak golds outweigh stronger banks
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.
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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.
Saks Firth Avenue

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
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BofA Learned a Lesson from Debit Card Fury - CEO

Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.
Apple iPad 2

Apple iPad Should Lower Price Point, Says Analyst

The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
Yoweri Museveni

Uganda president snubs call for Tullow deal delay

Uganda President Yoweri Museveni has indicated to parliament he is not likely to delay approval of Tullow Oil's long proposed partnership with Total and CNOOC further, because it would diminish his government's credibility in future negotiations.
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Makana Sings Protest Song on Summit Dinner to Support Occupy Movement (Video)

Makana, a Hawaiian singer, performed to support the Occupy Movement at a dinner in Honolulu, which was hosted by President Barack Obama for Asia-Pacific Economic Co-operation Summit participants from 21 economies around the Asia-Pacific, including Obama family, Chinese President Hu Jintao and Russian President Dmitry Medvedev.
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Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
The company logo of Sino-Forest is displayed at its office in Hong Kong

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
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China vulnerable to asset bubbles, warns IMF

China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund warned on Tuesday.

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