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Asia's Factories Downshift to Crisis-Era Lows

September factory activity in some of Asia's biggest economies slumped to levels last seen during the depths of the financial crisis as export demand dropped, reinforcing fears that fading U.S. and European growth will spare no one.
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Shanghai's new financial district skyline is seen from the opposite side of Huang Pu river.

Chinese Private Equity Firms Set Sail Abroad

Flashed on the side of a building here in Shanghai's historic Bund district, an image shows a giant ship named Hony, setting sail from China, traveling past the Statue of Liberty, past Big Ben, and bringing home crates of golden coins.
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European Stocks Set for Worst Quarter Since 2008

European stock index futures fell Friday, putting shares there firmly on course to post their biggest quarterly decline since the months following the collapse of Lehman Brothers three years ago.
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Ig Nobel Winners: Full Bladders, Wasabi Alarm and Structured Procrastination

Mirjam Tuk from the Netherlands and her colleagues who found that people have a tendency to make fewer impulsive decisions when they have the urge to urinate have won the the 2011 Ig Nobel prize for medicine. Their research demonstrated that people make better decisions about some kinds of things but worse decisions about other kinds of things‚ when they have a strong urge to urinate.

Bob Dylan Accused of Plagiarism in Painting Exhibit

Legendary singer-songwriter Bob Dylan has been accused of plagiarism for a series of paintings in his New York exhibit, suspected to have been copied from well-known photographs rather than inspired from his travels.
U.S. home construction unexpectedly fell 1.1 percent in February

Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?
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Diabetes Again Linked to Colon Cancer Risk

A new research review confirms that people with diabetes have a somewhat increased risk of colon cancer -- but the reasons for the connection, and what should be done about it, remain unclear.
Director Pedro Almodovar attends a news conference for the film ''La Piel Que Habito'', in competition at the 64th Cannes Film Festival

Catalan Film Beats Almodovar into Oscar Race

Spain nominated a film in Catalan for the first time ever on Wednesday as its candidate for Best Foreign Language Film at the upcoming Academy Awards, ahead of a picture by two-time Oscar winner Pedro Almodovar which stars Antonio Banderas.
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Miracle Fruit Makes Sour Taste Sweet

Have you ever head of something called Miracle fruit”? This is a tiny fruit, native to West Africa, that looks like a cranberry but can turn that which tastes sour into something that seems to tastes sweet. Interestingly, on its own, the fruit doesn't have too much of a taste. However, let its juices coat your mouth and for the next hour, anything sour will seem to taste sweet - limes taste like maple syrup and lemons become as sweet as candy, reports say.
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Japanese Investors Stood Firm During Recent Slump

Japanese households stayed put in gold during the market turmoil this month, in sharp contrast to a selling rush when prices surged in August, reflecting gradually spreading recognition of gold as an investment asset.
Asian stocks rise as China data boosts hopes

Asian Stocks Edge up, Euro Stalls as Caution Prevails

Asian stocks edged higher and a rally in the euro stalled on Wednesday, as investors looked for more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets
A Yahoo! billboard is seen in New York's Time's Square

Yahoo: Breaking Up Is Easy To Do

The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
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Japan's Kobe Steel mulls sheet plant in China

Kobe Steel Ltd , Japan's No.4 steelmaker, said on Tuesday it was in talks with China's Anshan Iron and Steel Group to jointly build a plant for high-strength automotive steel sheets in China, in a bid to tap growing demand for lighter vehicles there.

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