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Can Samsung Galaxy Nexus Bring Down Apple iPhone 4S?

Google Inc. and Samsung unveiled the Galaxy Nexus phone running on Ice Cream Sandwich, the newest version of Android, at an event in Hong Kong on Oct. 18. The Galaxy Nexus, which will hit the stores in November, is expected to give stiff competition to Apple Inc.'s iPhone 4S.

Asian Stocks, European Futures Continue Surge

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Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high.

Japanese Factory Output Posts First Post-Quake Slump

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Japanese factory output fell in September for the first time since the devastating March earthquake, a sign the economy's recovery from the disaster is tailing off in the face of slowing global growth, the strong yen and Europe's lingering debt woes.
Turkey earthquake

As Earthquake Casualties Mount, Focus on Turkey-Israel Relations

The official death toll from the Van, Turkey earthquake last Sunday has risen to 500 people, but while rescue teams find more bodies and people whose homes were destroyed sleeping outside on snowy nights, the world has turned its attention to the relationship between Turkey and Israel.
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Late Chinese leader Mao Zedong is seen on a 100 yuan banknote in this photo illustration taken in Beijing

Exclusive: China eyes creation of ASEAN Bank

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
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EU Crisis Deal Lifts Stocks, Euro to 2-Month High

World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Olympus chairman quits; Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.
A security guard walks across a grandstand at the Buddh International Circuit, the venue for the first ever Indian Formula One race at Greater Noida, on the outskirts of Delhi

India Raises the Flag for F1

With both Formula One championships already wrapped up by Sebastian Vettel and his Red Bull team, India takes the starring role on its long-awaited grand prix debut this weekend.
Hurricane Rina

Hurricane Rina Intensifies; Path Takes Storm to Cancun

Hurricane Rina is currently a category 2 storm, but it will intensify to category 3 Wednesday as it heads towards Cancun, Mexico. With winds currently breaking 110 miles per hour, Rina's projected path takes it over the Yucatan state, where residents have stocked up on supplies and close resort towns and fishing villages.
Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Chairman Quits as Japan Investigates Olympus

Olympus Corp announced Wednesday that its chairman and president Tsuyoshi Kikukawa had stepped down over media reports of a widening scandal, as sources said Japan's main securities watchdog was looking into the 92-year-old firm's dubious acquisition deals.
A man walks past a stock quotation board outside a brokerage in Tokyo

Asian Shares Dip on Concern Before EU Summit

Asian shares declined on Wednesday ahead of a key meeting of European policymakers later in the session, with concerns heightening that the outcome to contain Europe's sovereign debt crisis could fall short of expectations.
Canon digital cameras are displayed at the company's showroom in Tokyo

Canon Results Indicate Weak Printer Orders from HP

Canon Inc. (NYSE: CAJ) reported a 14.2 percent increase in third quarter earnings, due to ongoing cost cutting measures. Because of historically strong yen and lower production activities, the company lowered its full year 2011 outlook.
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Asian Markets Down on Europe Worries

Asian shares declined Wednesday ahead of a key meeting of European policymakers later in the session, as investors feared the effort to contain Europe's sovereign debt crisis could fall short.
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Nomura Reported Debating Major Cost-Cutting

Nomura Holdings , Japan's largest investment bank, is planning major cost cuts that will like have the biggest impact on its loss-making European operations, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Pan-Asian girl band looks to Snoop Dogg for help

The pan-Asian girl band Blush has been around for only 11 months but already has a track record more established groups might envy -- a single that hit number three on the U.S. dance music charts and rapper Snoop Dogg in one of their songs.

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