CHINA

Visitors examine wine Vinexpo Asia-Pacific held at the Hong Kong Convention and Exhibition Centre

Hong Kong Toast of Wine World Amid Global Woes

Hong Kong's wine imports have remained strong even as global economic uncertainty cuts demand for luxury goods, underscoring the city's credentials as a preeminent wine hub buoyed by strong demand from mainland Chinese buyers.

China scorns U.S. cyber espionage charges

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China on Friday dismissed a U.S. report on online spying as irresponsible, rejecting the charge that China uses cyber espionage to steal lucrative U.S. trade and technology secrets.

Hermes Raises Full-year Sales Goal

Models appear at the end of a presentation by French designer Christophe Lemaire for fashion house Hermes as part of their Spring/Summer 2012 fashion collection in Paris
French luxury group Hermes raised its full-year sales forecast on Friday after third-quarter growth beat its initial target, pulled by buoyant demand for the 174-year-old brand in Europe, the Americas and Asia.
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Italy accepts IMF monitoring in bid to rebuild

Italy will allow the IMF to monitor its progress with long overdue reforms of pensions, labor markets and privatizations, European leaders announced on Friday, looking beyond the crisis in Greece to the far graver threat to the euro zone.
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Asian Shares Rise on Hopes Greece will Drop Referendum

Asian shares rallied more than 3 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote scheduled for later in the Greek parliament.
Italy's Prime Minister Silvio Berlusconi

Italy Agrees to Let EU, IMF Monitor Reforms

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
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Asian Shares Rise on Hopes Greece will Shelve Referendum

Asian shares rose more than 2 percent and the euro steadied Friday on hopes that Greece will abandon a proposed referendum on a European Union bailout, but investors remained cautious over a confidence vote planned in the Greek Parliament.
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Secrecy surrounds new James Bond movie Skyfall

Daniel Craig will be back dodging bullets and vanquishing villains from China to Turkey in the 23rd installment of the James Bond film franchise, but the stars and director of Skyfall are keeping the who, what and how under wraps for now.
U.S.: The Cost of War

Afghanistan War: The Cost of War

The Iraq/Afghanistan Wars have been costly, but the United States' longer trend of spending too much on defense and not enough on public goods over two decades could end up costing the economy and the nation far more.
Kenya Airways Boeing B777-200ER plane is seen during a media tour at their maintenance hangar in Nairobi

Kenya Airways raises H1 profit ahead of cash call

Kenya Airways used fuel hedges to protect its bottom line from an escalation in direct costs in its first-half ended September, it said on Thursday, as it prepares to raise funds to finance its expansion.
Mineworkers

Chinese firms abusing Zambian miners: rights group

Chinese mining companies in Zambia, Africa's biggest copper producer, are routinely flouting laws designed to protect workers' safety and the right to organise, Human Rights Watch (HRW) said on Thursday.
An oil rig prepares to drill in western Uganda, near the shores of Lake Albert

DRC sees new onshore oil bid round in 2012

The Democratic Republic of Congo could offer up to 10 blocks in a new onshore hydrocarbon bid round possibly launched next year, a senior government official said on Thursday.
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U.S. blames China, Russia for cyber espionage

China and Russia are using cyber espionage to steal U.S. trade and technology secrets to bolster their own economic development, which poses a threat to U.S. prosperity and security, a U.S. intelligence report said on Thursday.
Vila Nova Project

Eldorado Gold's 3Q Jumps Nearly 50%

The third-quarter profit of Eldorado Gold Corp., which operates in Turkey, China and Brazil, jumped nearly 50 percent on higher prices and record high quarterly production.
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U.S. says China, Russia active in cyber espionage

China and Russia are using cyber espionage to steal U.S. trade and technology secrets to bolster their own economic development and that poses a threat to U.S. prosperity and security, an intelligence report said on Thursday.

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