INVESTMENT

German Debt, Equity Investors Shrug Off Lowered Government Guidance on Economy

German Economy Minister Roesler Unveils Economic Data
Early Wednesday morning, the German Ministry of the Economy cut its forecast for that country's economic growth to near-recessionary levels. The market could not care less: a benchmark index for the local stock market was up, a sale of the government's sovereign debt was reported as drawing record demand, and another report showed investors were growing more optimistic on German equities.
U.S. Taxes

Romney’s Tax Rate is About 15% - The Bain of His Political Existence?

Republican presidential candidate Mitt Romney’s admission that his income tax rate was “probably closer to 15 percent than anything” may re-ignite the debate on the lower tax rate for capital gains and carried interest than for ordinary income -- the income category for most typical Americans.
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Top Five Drivers of India's Inflation

Observers of India's economy may wonder why inflation has persistently remained high over recent years - much higher than that in many other Asian economies.
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Fujifilm Considering Supporting Olympus

Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
File photo of former CEO of Yahoo! Inc. Jerry Yang arrives at the Clinton Global Initiative in New York

Yahoo Co-Founder Yang Resigns, Shares Rise

Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
A BlackBerry handset is displayed in Washington

Samsung Says No Interest in Buying Troubled RIM

Samsung Electronics said on Wednesday it was not interested in buying ailing Blackberry maker Research In Motion or licensing its operating system, refuting a tech blog report that RIM was seeking to sell itself to the South Korean technology giant.
Mitt Romney

Mitt Romney May Not Release Tax Returns Until April

Republican presidential candidate Mitt Romney, under increasing pressure to release his tax returns now, continued to resist that timetable on Tuesday and said he probably would not make them public until April.
Euro, global stocks fall

European Shares Hit 5 1/2-Month High

European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
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Foreigners ramp up Canadian securities purchases

Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.
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Dundee REIT to buy Whiterock for about $572 million

Dundee Real Estate Investment Trust (D_u.TO: Quote) will buy Whiterock REIT (WRK_u.TO: Quote) for about C$580 million ($572 million) in a cash-and-stock deal to strengthen its position in the office property space.
Prokhorov

Prokhoroz Sees Nod for Gold Listing

Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
Workers prepare the booth for Samsung at the Consumer Electronics Show opening in Las Vegas

Samsung seeks to merge smartphone operating platforms

Samsung Electronics Co plans to merge its own 'bada' mobile phone operating software with an open-source Tizen platform as the world's biggest smartphone maker seeks alternatives to Google's Android in its devices.
Hang Seng Index

Chinese Stock Markets Surge 4.2 Percent

China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
A man walks past an electronic board displaying Japan's Nikkei share average outside a brokerage in Tokyo

Japan's Nikkei Closes Higher

Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
Employees weld automobiles at Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei

China GDP at 2-1/2 Year Low but Beats Forecast

China's economy grew at its weakest pace in 2- years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.
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Asian Shares Edge Up: Euro Steady

Asian shares inched higher and the euro stayed above a 17-month trough Tuesday as investors focused on economic data from China to gauge the impact of the eurozone debt crisis on global growth.
People walk past a signboard of Olympus Corp outside its showroom in Tokyo

Olympus Panel Clears Auditing Firms of Blame in Scandal

Accounting groups KPMG and Ernst & Young have been cleared of responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, one of the nation's worst corporate scandals, in a report issued on Tuesday by a company-appointed panel of lawyers.

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