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Industrial Commodities End Several Day of Sliding

Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.

Stock Futures Rise Alongside Europe

Traders work on the floor of the New York Stock Exchange
U.S. stock index futures were higher but more volatility was likely on Wednesday as European finance ministers appeared ready to prop up struggling banks, with data due on the U.S. labor market and services sector.
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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.
Bigfoot Conference to be Hosted in Siberia

Search is on for Yeti, Russian Researchers Say

A Russian conference is setting out to do what no man has done before: Find Yeti. Yeti, otherwise known as Bigfoot, the Abominable Snowman or Sasquatch, has titillated explorers for over a century, with sightings of large footprints in mud or snow.
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Insight: China's foreign lawyers argue case from the gallery

Ten years after lawyers helped forge an agreement to bring China into the World Trade Organization , a step that created opportunities for scores of non-Chinese businesses, foreign attorneys in the country wish they had struck a better deal for themselves.
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IEA warns of ballooning world fossil fuel subsidies

Global subsidies for fossil fuel consumption are set to reach $660 billion in 2020 unless reforms are passed to effectively eliminate this form of state aid, the International Energy Agency said on Tuesday.
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U.S. Buyers Shun Conflict Minerals in Congo's East

A battered pickup truck pulling up to Huaying Trading's back street office in Goma is about all that remains of Congo's once-bustling resources business as an impending U.S. crackdown on so-called conflict minerals scares most buyers away.

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