CHINA

Scotiabank buys into Guangzhou Bank for C$719 million

Scotiabank buys into Guangzhou Bank for C$719 million

Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.

5 Mistakes Carol Bartz Made as Yahoo CEO

Yahoo! Inc.
Now that Yahoo is searching for a new CEO and activist investor Daniel Loeb’s Third Point is trying to stir the pot, here are some things that former CEO Carol Bartz could have done to keep her job:

Gold Demand to Rise Later This Year - World Gold Council

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Gold demand which dropped in the second quarter of this year is expected to strengthen by the end of 2011, driven by robust jewelry consumption in India and China and recovery in investment demand, senior World Gold Council (WGC) officials said on Friday.
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Analysis: Global Slowdown Silences Asia's Inflation Hawks

The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.
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Cisco Suits on China Rights Abuses to Test Legal Reach

Two lawsuits by three Chinese dissidents and a human rights group accusing Cisco Systems Inc. of abetting imprisonment and torture could have far-reaching impact on how U.S. technology companies conduct business in authoritarian regimes.
France's Finance and Economy Minister Francois Baroin

Economic Gloom Piles Pressure on G7 Finance Talks

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.
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EU Chamber: China market barriers grow for EU business

A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.
Gold jewelry

India's Appetite for Gold Taking New Forms

In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal.
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Venezuela to Produce 1.2 Metric Tons of Gold in '11

Venezuela's state gold miner Minerven expects to produce 1.2 tonnes of the precious metal this year, rising to 4.5 tonnes in 2012 as it takes a central role in the nationalization of the sector, state media said on Thursday.
2012 Election

Republican Presidential Debate: Jon Huntsman Gets Aggressive

Former Utah Gov. Jon Huntsman delivered a forceful performance during Wednesday's Republican presidential debate, drawing on his experience as a governor and an ambassador to China to distinguish himself from heavyweights Mitt Romney and Rick Perry.
Global Competitiveness Index

U.S. Tumbles to 5th in Global Competitiveness Ranking

The Global Competitiveness Index (GCI) published by the World Economic Forum, which ranks the world's most competitive economies, has pushed the U.S. down the list to a No. 5 spot. Escalating government debts and declining faith of the public in its administration were cited as the critical factors that contributed to the plunge of the country which was No. 1 in 2008 and No. 4 last year.
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Republicans Who May Take on Obama in 2012

Republican presidential candidates gather at Ronald Reagan's library in California on Wednesday for the first in a series of debates over the next six weeks that will help define the Republican race.
Prozac

Why Are Westerners So Depressed?

Two studies released over the last week report that up to half of Americans and 40 percent of Europeans will suffer from a mental health disorder during their lifetime.
mitt Romney

Romney puts China squarely in presidential race

Republican presidential candidate Mitt Romney's threat to get tough with Chinese trade practices has moved China from the background to a potentially significant issue in the 2012 presidential campaign.
China repeats opposition to U.S. arms sales to Taiwan

China repeats opposition to U.S. arms sales to Taiwan

China repeated its opposition to U.S. arms sales to Taiwan on Wednesday, saying they put the peaceful Sino-U.S. relationship at risk, as the Obama administration's decision on a weapons deal for the self-ruled island draws near.

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