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China

China's Economic Growth Slowest in 3 Years

China's growth rate slowed for a sixth successive quarter to its slackest pace in more than three years, highlighting the need for more policy vigilance from Beijing even as signs emerge that action taken so far is beginning to stabilise the economy.
Apple Store

As Apple Faces New US Discrimination Accusations, Iran Tries To Capitalize

Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.

TCS Net Profit Beats Expectations, Outdoes Infosys Results

Tata Consultancy Services (TCS), India's top IT exporter, exceeded the market expectations in the First quarter of the Financial year 2012, by posting strong earnings and affirmed its position as the bellwether of India's IT industry.
Residential Complex

India's Growth Downgraded; ADB Forecasts 6.5 Percent

The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot. China's economy was expected to grow 8.2 percent this year and India's 6.5 percent, Kuroda said.
An employee seals a stack of yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

China Q2 GDP Growth Slows To 7.6%

China's gross domestic product growth slowed down in the second quarter to the lowest rate in three years, due to soft global demand official data released Friday show.
iPhone 5

Apple iPhone 5 Pre-Orders Starts In China, Sellers On Chinese E-Commerce Platform Asking Up To $1,100

Although rumors and speculations surrounding Apple's sixth generation iPhone, presumably called the iPhone 5, are at their peak, the highly anticipated smartphone is not likely to hit stores before the fall. But opportunistic traders on China's largest e-commerce platform, Taobao, seem to topple the Cupertino tech giant as they have started accepting iPhone 5 pre-orders, complete with fake pictures and purported technical specifications.

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