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International Monetary Fund (IMF), led by Managing Director Christine Lagarde, is poised to secure more than $400 billion in additional funds to backstop the euro zone sovereign debt crisis

IMF Chief Calls for 'Political Clarity' in Italy

The head of the International Monetary Fund called on Thursday for political clarity in efforts to tackle the debt crisis that has gripped Italy, saying uncertainty around who would succeed Prime Minister Silvio Berlusconi was fuelling market volatility.

Eurozone Crackup Feared as Italy Teeters

Montecitorio palace is seen early morning before the start of a finances vote in downtown Rome
Political and economic crisis in Italy spurred fears of a split in the Eurozone with borrowing costs for Europe's third biggest economy at unsustainable levels and the bloc unable to afford a bailout.

Analysis: Olympus Scandal Puts Auditors Under Scrutiny

Olympus's logo is seen through its waterproof housing at an electronics shop in Tokyo
Olympus Corp's use of accounting tricks to hide big losses has raised questions about whether its auditors, the Japanese arms of global giants KPMG and Ernst & Young, should have done more to follow up on red flags.
Man looks at an electronic board displaying stock prices outside a brokerage in Tokyo

Japan Corporate Orders and Mood Sink; Tough Q4 Seen

A key gauge of Japan's corporate capital spending fell more than expected in September and manufacturers expect a further drop this quarter as business confidence sags in the face of the strong yen and slowing global growth.
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U.S./Global stock markets

U.S. Stocks Plunge on Europe’s Debt Woes: What Should Investors Do?

The Dow Jones Industrial Average (DJIA) registered another difficult day Tuesday, plunging 389 points to 11,781 on institutional investor concern that Italy will not be able to service its debt, and that one, and possibly more countries may leave the Eurozone. What's the prudent stance for the typical investor?
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GM Outlook Disappoints, Shares Tumble

General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy.
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GM Profit Falls, Shares Tumble on Weak Outlook

General Motors Co posted a third-quarter profit that fell 15 percent after a loss in Europe and forecast that operating profit in the current quarter would be flat from a weak fourth quarter in 2010.
Diamonds

London jeweler Graff plans $1 billion HK IPO

London-based jeweler Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move that could fund expansion in Asia and capitalize on booming gem prices.
An Android smartphone displays the Google website in this picture illustration in Seoul

Google Offers Support to Android Firms in Lawsuits

Google Inc will continue to offer support to firms using its Android system that are involved in legal disputes, its executive chairman Eric Schmidt said on Wednesday, as the Internet giant looks to cement alliances in the face of toughening competition.
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Repsol Announces Huge Shale Oil Find in Argentina

Argentina's biggest energy firm YPF has announced that it had found nearly a billion barrels in unconventional energy resources in Patagonia. YPF is the Argentine unit of Repsol YPF SA, Spain's largest oil group.
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Apple iCloud - the New Digital Hub

Barclays Capital believes that iCloud could be Apple Inc.'s (NASDAQ: AAPL) most important new service since the launch of iTunes in 2003.
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Asian Markets and European Futures Rise on Berlusconi Departure

European shares looked set to follow Asian equities higher Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.
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China Inflation Cools in October; More Policy Shifts Seen

China's annual inflation rate fell sharply in October to 5.5 percent in a further pullback from July's three-year peak, giving Beijing more room to fine tune policy to help an economy feeling the chill of a global slowdown.
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IMF Chief Warns World Economy Risks 'Lost Decade'

The head of the International Monetary Fund warned on Wednesday that Europe's debt crisis risked plunging the global economy into a lost decade and said it was up to rich nations to shoulder the burden of restoring growth and confidence.
Paper Dress

Lady Gaga Wins Big at MTV EMAs: Her Top Guises [PHOTOS]

Lady Gaga's outlandish outfits steal every show set she steps on and Sunday's MTV Europe Music Awards were no exception. Gaga transformed into paper, storming the stage on what appeared to be an artificial moon. The effect: paper moon
Iranian President Ahmadinejad speaks during antichemical weapon ceremony in Tehran

Ahmadinejad: 'We Do Not Need a Bomb,' Denies Iran has Nuclear Bomb

As the United Nations International Atomic Energy Agency prepares to unveil its report on Iran's nuclear program, Iranian President Mahmoud Ahmadinejad said Tuesday that the Islamic republican did not need a nuclear mob to confront the United States.
Kate Middleton

Kate and Pippa Middleton Chunky Dolls go on Sale in the US

Kate and Pippa Middleton may be one of the worlds most sought after sisters, but it looks like people may hesitate before purchasing their latest replica dolls as their clunky, chunky nature strip them from their royal grace.

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