EARTHQUAKE

Ontario finance minister Duncan answers questions at a news conference after the Canadian finance ministers meeting in Kananaskis.

Ontario cuts growth targets, says budget on track

The Ontario government cut its growth, revenue and reserve targets on Wednesday, but said it was still on track to balance the budget in six years, without lowering total program spending or raising taxes.
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Billionaire Warren Buffett

Buffett in Japan, Spotlight on Investment

Octogenarian billionaire investor Warren Buffett arrived on his first visit to Japan on Monday, fanning speculation about his possible investments in the country's battered stock market.
Coach Store

Chinese Tourists on Global Luxury Spending Spree Driving Revenue at U.S. Retailers

In what appears to be a rapidly developing trend, Chinese visitors to the United States are being noticed more for the flash of their newly-bought designer bags than that of their Nikons. Tiffany & Co. (NYSE:TIF), Coach, Inc. (NYSE:COH) and Ralph Lauren (NYSE:RL) are just a few of the companies in the luxury retail sector that have recently noted how higher revenue at their North American operations has largely been boosted by Chinese shoppers on vacation.
Saks Firth Avenue

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
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Werner Herzog plumbs crime and punishment in Abyss

He always seems to know where to look, Roger Ebert wrote of what Werner Herzog does in Into the Abyss. The film is the German director's evenhanded, understated and powerful examination of a senseless triple murder in Texas, which sent one man to death row and another to life in prison.
g20

Growth Continues to Slow Down for 'All Major Economies'

The world's leading economies are all heading for a period of slower growth, the Organization for Economic Co-operation and Development said on Monday, highlighting signs of weakening economic activities across the board.
A man walks past an advertisement of Japan's Olympus Corp in Tokyo

Japan's Q3 GDP Rebounds but Headwinds Remain

The Japanese economy came back to life the first time in four straight quarters, posting a 1.5 percent growth in the July-September quarter. According to data released by the Cabinet Office, the annualized growth of the economy was an impressive 6 percent.
U.S. President Barack Obama speaks at his news conference at the conclusion of the APEC Summit in Honolulu, Hawaii

Obama Takes Hard Line on Chinese Trade Practices

President Barack Obama told China Sunday that the United States was fed up with its trade and currency practices, as he turned up the heat on America's biggest economic rival at an Asia Pacific summit.
U.S. President Barack Obama speaks at his news conference at the conclusion of the APEC Summit in Honolulu, Hawaii

Obama to China: Behave Like 'Grown-up' Economy

President Barack Obama told China on Sunday that the United States was fed up with its trade and currency practices, as he turned up the heat on America's biggest economic rival at an Asia Pacific summit.
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Earthquakelike Blast Kills 17 at Iranian Military Base

A massive explosion at a military arms depot near the Iranian capital Tehran on Saturday killed 17 Revolutionary Guards and wounded 15, a representative of the elite fighting force told the semiofficial Fars news agency.

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