IBT Staff Reporter

Rebalancing will also mean moving focus from the financial sector.

U.S. consumer sentiment rose more than expected in November, boosted by stronger holiday sales, according to the Thomson Reuters/University of Michigan survey.

Home foreclosures in the U.S. in October fell by 9 percent primarily because some major banks temporarily froze foreclosure proceedings and delayed sales of foreclosed properties nationwide after being criticized for shoddy paperwork, according to real estate data company RealtyTrac.

Police authorities in North Carolina are apprehensive that Zahra Baker, a 10-year old physically challenged Australian girl who has been missing for over a month, could have become the victim of some foul play after finding new evidence while searching an area called Gunpowder Creek.

The next time you decide to light up a smoke, you may be greeted by an image of a cancer patient or even worse, a corpse, thanks to the U.S. Food and Drug Administration's (FDA) decision to put graphical warning labels on cigarette packs.

Tim McIntosh's ton and his partnerhship with Martin Guptill (85) took New Zealand to a comfortable position at the end of day one in the second test against India in Hyderabad.

Manchester United visit Aston Villa on Saturday hoping to get back to winning ways after drawing against cross-town rivals City during the mid-week. However, they face a tricky tie against the Villains who haven't conceded at home to anyone but Bolton so far.

Nigeria could report Iran to the UN Security Council on illegal arms shipment, if any sanctions were breached. Speaking to reporters in the capital Abuja, Nigerian foreign minister stated that the consignment originated from Iran, a detail also confirmed by the Iranian government. Iran is forbidden from exporting any weapons from its territory. However, Nigeria is yet to notify the UN on the incident.

Leaders at the G20 spent as much time promoting the process itself as the real accomplishments of the summit. Most said that while there was little in the way of concrete rules, there were a number of steps in the right direction.

France and the International Monetary Fund will work together to develop criteria for the establishment of an international monetary mechanism to establish equity among currencies, and will have something tangible to present to the G-20 nations, and the rest of the world, next year, said French President Nicolas Sarkozy, in a press briefing at the close of the Seoul G-20 Summit.

Apple's music-only networking site, Ping, has partnered with networking site Twitter to help users discover music more easily.

Brazilian Finance Minister Guido Mantega touted the voice developing nations had in the G20 process and getting the Chinese delegation to change its mind. But he was hit with tough questions about the G20 process and whether it made any real difference to the world economy.

Pakistani authorities on Friday accused the Taliban- and Al-Qaeda-linked insurgents for the Thursday's attack on the CID building in Karachi which killed 17 people. More than 140 have been injured in the blast and police believe that more than 1,000kg of explosives were used in the attack, making it the biggest blast ever to hit the country's financial capital.

The economy grew 0.4 percent in the Euroarea and the EU27 in the third quarter, a little lesser than expectations, according to a report by Eurostat.

Nissan Motor Co is recalling 604,500 vehicles in North and South America and Africa markets over fears that a fault could cause the steering column to crack.

Andy Murray had to fight off a brilliant Marin Cilic to book his place in the quarter-finals of the Paris Masters, along with Roger Federer and Andy Roddick.

General Electric Co will buy 25,000 electric vehicles by 2015 for its own fleet and through its Capital Fleet Services business.

Academy awards have always been the pinnacle of one's achievement in the film world and since its inception in 1928 there has been intense speculation about prospective winners. Come December and these opinions escalate. Here is a run down on what the media is saying about the best female lead prospects for the 2011 statuette.

The 44th annual Country Music Association (CMA) Awards was all about the country couple of the year, Miranda Lambert and her fiancé Blake Shelton who took home five awards between them.

Kate Moss planned a celebrity 'his and her' burial site with her rocker boyfriend Jamie Vince at the Pere Lachaise cemetery in Paris, France. The graves of Jim Morrison of Doors, Oscar Wilde and composer Frederic Chopin can also be found at the cemetery.

Viacom put up its video game developing unit for sale on Thursday, stating that it lacks the expertise to run the video game business.

Carey Mulligan, the Oscar-nominated and BAFTA winning actress has been named Britain's 'Best Dressed Woman' ahead of style icon Victoria Beckham and models Kate Moss and Yasmin Le Bon.

The People's Republic of China (PRC) is set to grow at an annual average rate of 8 percent for many years to come, but the country needs to carry out broad structural reforms to ensure that prosperity is shared by all, a leading PRC investment official said on Friday.

It's Oprah Winfrey all the way again, as far as the richest women in showbiz world goes, according to the latest Forbes list.

General Motors is recalling 14,245 Cadillac DTS and Buick Lucerne cars with V8 engines from the 2010 and 2011 model year to address potential problems with the power steering, while Chrysler is recalling 16,229 Jeep Liberty models over faulty windshield wipers.

Myanmar's pro-democracy leader Aung San Suu Kyi is likely to be released on Saturday. The ruling military government on Friday reportedly signed the orders authorizing the release of Suu Kyi who has been under house arrest for over 15 of the past 20 years.

Indian equity markets are trading lower by 328.30 points or 1.59 percent on Friday with all sectoral indices are in the negative side.

Rolls-Royce expects full year underlying profit growth to be slightly lower than its prior forecast, blaming engine failure incident on a Qantas A380 super-jumbo flight last week.

India's index of industrial production (IIP) growth slowed further 4.4 percent to 325.6 for the month of September 2010 as compared to 8.2 percent in the month of September 2009, according to a statement by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.