IBT Staff Reporter

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Gold Bullion Flows to China Jump as New Year 2011 Draws Near

A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.

US Senate to vote on START, Russia optimistic of ratification

The US Senate is due to vote on the new strategic arms reduction treaty between the country and its former cold-war rival Russia on Wednesday. The House on Tuesday voted to close out the debate 67 votes to 28, after the Democrats were joined by 11 Republicans.

US third quarter GDP revised up

The U.S. economy grew 2.6 percent in the third quarter, according to a third estimate by the U.S. Commerce Department, up from the 2.5 percent estimate given in November.

Monstrous Stars Can Form Anywhere, Even Bereft Of Clusters

Most massive stars in the universe can and do form essentially anywhere, including in near isolation and very small clusters, and they don't need a large stellar cluster nursery, a new study finds. The findings does not support the scenario that the maximum mass of a star in a cluster has to correlate with the size of the cluster.

Apple tosses WikiLeaks app but Google keeps it

Apple Inc has joined a growing number of U.S. companies that have severed ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content.

Priest pleads for Ground Zero health bill

The Rev. Stephen Petrovich, 58, of Huron, Ohio, is Metropolitan Archbishop Emeritus of his orthodox Ukrainian Church. He does not perform archbishop duties because he is dying, from the damage to his lungs from the air at Ground Zero in 2001. Petrovich spent nearly two weeks at Ground Zero giving last rites to human remains and counseling the living.

Financials put S&P on track for fifth day of gains

Stocks rose on Wednesday on strength in financials, putting the S&P 500 on the path for a fifth-straight session of gains and lifting it to levels not seen since before Lehman Brothers Holdings' bankruptcy.

Ivory Coast's Gbagbo softens stand, invites Opposition for dialogue

Cote d'Ivoire's disputed president, Laurent Gbagbo, has announced that he would be willing to engage with the rival faction of Alassane Ouattara. In a televised address, he announced that the international community had declared a war on the African nation. The incumbent president also called on the Opposition to leave Abidjan's Golf Hotel and return to their homes.

Sony to buy back chip plant from Toshiba: report

Sony Corp plans to buy back a Nagasaki semiconductor plant from Toshiba Corp for about 50 billion yen ($597.2 million) to double output capacity for image sensors used in smartphones and other devices, the Nikkei business daily reported.

Apple tosses out WikiLeaks application

Apple Inc joined a growing number of U.S. corporations that have cut ties with WikiLeaks, removing an application from its online store that gave users access to the controversial website's content and Twitter feed because it violated guidelines.

FCC's Net Neutrality Rules Draw Faint Praise, Fire

The Federal Communications Commission's decision to enforce net neutrality has already drawn fire from some in the telecommunications industry, and even supporters of the principle were not completely happy with the Commission's new rules.

Investors enter 2011 in bullish mood: Reuters poll

Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, Reuters polls showed on Wednesday.

Carlyle in talks to buy AlpInvest: source

Carlyle Group is in talks to buy AlpInvest Partners, one of the world's largest private equity investors with more than 40 billion euros ($52.4 billion) under management, a source familiar with the situation said on Wednesday.

Wall Street edges higher as financials gain

Stocks edged higher on Wednesday as gains in financial stocks helped put the S&P 500 on pace for a fifth-straight winning session and lifted the benchmark index to levels not seen since before Lehman Brothers went bankrupt.

Collahuasi may struggle to find new export route

The quest by Chile's Collahuasi copper mine to find a new route to resume shipments in the wake of a port accident that forced it to suspend exports may be hobbled by environmental and logistical problems at the closest alternative facility.

Equal access a far cry in elite UK universities

Research by the Sutton Trust shows that private school students in the country are 55 times more likely to win a place at Oxford or Cambridge than students at state schools who qualify for Free School Meals.

Is South Korea's live-fire mega drill a futile exercise?

US diplomats in Washington once dubbed North's Korea's military drills as 'fish-killing' activities. Yet the South, backed by the Obama administration, has been continuously holding live-fire drills in the disputed zone of the Korean Peninsula. With a continual military activity, the coming months could only witness a deteriorating situation in the peninsula, unless both sides are pressured to engage in a dialogue.

Tennessee region gets its first Nissan Leaf

After a San Francisco Bay Area resident became the first in the United States to receive the delivery of all electric Leaf, Nissan Motors on Wednesday carried out its first Leaf delivery in the Tennessee region.

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