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Global Debt Crisis

As U.S. Economy Gains Steam, Hopes Pinned on Eurozone

The threat of Europe's financial crisis drifting overseas, slowing the U.S. recovery, remains. The Federal Reserve noted this week that Europe's debt crisis remains a threat to the U.S. economy, which it said is expanding moderately. Concerns linger over the health of the European banking sector and possible ratings downgrades in debt-ridden European countries.
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RIM delays QNX phones, offers dismal outlook

Research In Motion posted a sharp drop in profit on Thursday, offered a dismal outlook for BlackBerry shipments around Christmas and delayed the likely arrival of a make-or-break overhaul of its smartphones, sending its shares tumbling.
A Deutsche Bank logo is pictured in front of the Deutsche Bank headquarters in Frankfurt

Deutsche Bank Starts Asset Manager Sale: Sources

Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

World Stocks Rise from 3-Week Low

World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
Apple

Apple Sales in China Outpaced by Rivals

Apple Inc's share of China's booming smartphone market has risen sharply in the past two years, but for now the company that sells the iconic iPhone is being outpaced by nimble rivals.
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Asian Shares and Euro Gain on Upbeat U.S. Data

Asian shares rose and the euro edged higher Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a selloff in riskier assets over the past three days.
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Dudley: Fed's dollar lines shield U.S. from Europe

A top U.S. Federal Reserve official on Thursday defended the central bank's decision to provide dollars for overseas banks stressed by Europe's debt crisis, saying the action was needed to protect the U.S. economy.
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Accenture sounds caution as economy sputters

Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market.
Models in Singapore

Shirtless A&F Store Promotion Shakes up Prim Singapore

Shirtless men clad in red sweatpants have been lining up for days in Singapore's prime shopping district, part of an advertising gimmick revealing not just muscle but also a gradual unpeeling of the city state's puritanical ways.

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