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US stocks fall on overseas concerns, economic data

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S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
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Corus chief executive officer Adams speaks in Mumbai

Tata Steel Q2 net profit jumps at 19.79 bln rupees

Tata Steel, the world's seventh largest steel company, has said its consolidated net profit after tax increased 8.5 percent to 19.79 billion rupees ($440 million) for the second quarter higher than the profit of 18.25 billion rupees ($406 million) in Q1 FY’11.
Bank of Japan Headquarters, Tokyo

Japan, EU agree to launch free trade talks

Japan will start free trade talks with the European Union next spring, alarmed by the head start made by its main manufacturing rival in Asia, South Korea, which signed a pact with the European bloc last month.
Vehicles are seen at a parking lot in New Delhi February 9, 2010.

India's September IIP slows to 4.4 pct Y-o-Y

India's index of industrial production (IIP) growth slowed further 4.4 percent to 325.6 for the month of September 2010 as compared to 8.2 percent in the month of September 2009, according to a statement by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.
President Barack Obama and South Korea's President Lee Myung-bak greet U.S. Treasury Secretary Timothy Geithner and U.S. Ambassador to Korea Kathleen Stephens in Seoul

US-South Korea free trade pact trips over autos, beef

The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.
China's leader-in-waiting gives departing Huntsman thumbs up

Economic implications of Xi Jinping's rise to leadership

Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.
Employees at call centre provide service support to customers in the northeastern Indian city of Siliguri

The allure of outsourcing too powerful for U.S. companies to resist

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)
Huang Rixin, 78-year-old retired Chindese electronics engineer

China's aging population and its implications

China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.

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