CHINA

China's Wen sees progress in inflation fight

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Chinese Premier Wen Jiabao said his government has scored initial success in taming inflation, and told banks to lend more to small firms and tolerate high levels of bad debt from them, official media reported on Wednesday.
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Samsung Oust Apple’s iPhone to Become World’s Favourite Smartphone Maker

Samsung, HTC Set to Gain on iPhone Letdown

Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.
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Yahoo readies books for potential buyers: sources

Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said.
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Recession, but not like 2008: Morgan Stanley's Roach

Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.
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NBA to axe games if no labor deal by Monday

The first two weeks of the National Basketball Association (NBA) season will be canceled if the lockout is not resolved by October 10, league commissioner David Stern said Tuesday.
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Christie opts out of 2012 presidential race

New Jersey Governor Chris Christie dashed hopes on Tuesday that he might make a late leap into the 2012 Republican presidential race in a move that sets up a battle between Mitt Romney and Rick Perry.
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US lawmaker: China cyber espionage 'intolerable'

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
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KFC parent Yum meets profit forecast

KFC parent Yum Brands Inc reported a quarterly profit that met Wall Street's expectations, helped by another quarter of strong sales in China.
Mineworker

S.Africa, Zambia approve Metorex-Jinchuan deal

South Africa and Zambia have approved the $1.1 billion bid by China's Jinchuan Group for copper and cobalt producer Metorex, bringing closer prospects for the deal to be finalised by November.
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Lawmaker says China engages in cyber spying

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.
Turkey"s Prime Minister Tayyip Erdogan (R) and Somalia"s President Sheikh Sharif Ahmed

Turkey spreads its wings into Africa

Turkish Prime Tayyip Erdogan visited South Africa on Tuesday, the latest stop in a diplomatic drive into the resource-rich continent whose attention is increasingly fixed on emerging market relationships rather than old commercial ties to Europe.

Dalai Lama cancels highly charged S.Africa trip

The Dalai Lama, the Tibetan spiritual leader, cancelled a trip to South Africa planned for this week that had put Pretoria in a bind between its biggest trading partner China and one of its modern heroes, Nobel Peace Prize laureate Desmond Tutu.
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Rumors: iPhone 5 To Be Slimmer and Three Times Faster Than iPhone 4

Anticipation of Apple's Tuesday unveiling of the iPhone 5 has reached fever pitch, with speculation on everything from form to features running rampant. Chinese state-run carrier China Unicom added to the frenzy this week at the Macworld Asia expo in Beijing by presenting a slideshow that included a segment documenting the evolution of the iPhone.

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