CHINA

Swaziland cash crunch critical, AIDS spending hit

Swaziland"s King Mswati III attends the Southern African Development Community
A budget crunch in Swaziland, Africa's last absolute monarchy, has reached a critical stage with the government struggling to maintain spending on HIV/AIDS, education and the elderly, the International Monetary Fund said on Wednesday.
Robert Mugabe

China urges Zimbabwe's Mugabe to expand economic ties

Zimbabwe's President Robert Mugabe won praise on Wednesday as a great African figure and old friend of Beijing, underscoring China's commitment to boosting business ties to a leader shunned by Western governments.
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Massacre in Syria

Syrian Army Defectors Battle Assad Forces Near Damascus

Syrian army defectors attacked an intelligence complex on the edge of Damascus early Wednesday, the first such reported assault on a major security facility in the eight-month uprising against President Bashar al-Assad, activists said.
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China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
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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BofA Learned a Lesson from Debit Card Fury - CEO

Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.
Apple iPad 2

Apple iPad Should Lower Price Point, Says Analyst

The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
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Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
The company logo of Sino-Forest is displayed at its office in Hong Kong

Sino-Forest is no Ponzi Scheme: Panel Report

Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
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Currency Remarks by Obama Provoke Criticism in China

The Chinese state media has accused U.S. President Barack Obama of using Beijing to deflect attention from his country's economic woes. The accusation, made by the Xinhua news agency, comes after Obama hit out at Chinese currency policy.
Man is reflected on an electronic board displaying stock prices outside a brokerage in Tokyo

Asian Shares Drop as Eurozone Bond Yields Rise

Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.

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