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<title><![CDATA[IBTimes.com : Asia Pacific Economy]]></title>
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  <title><![CDATA[GCC: Can The Arab Gulf States Form A Political And Economic Union To Rival The EU And Shut Out Iran?]]></title>
  <description><![CDATA[The contemplated union of Saudi Arabia and Bahrain forms only one part of a potentially much wider alliance -- the political, military and economic integration of the Gulf Cooperation Council (GCC), which comprise Saudi Arabia, Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE) and Oman.]]></description>
  <guid>http://www.ibtimes.com/articles/345737/20120526/gcc-arab-gulf-states-saudi-arabia-kuwait.htm</guid>
  <link>http://www.ibtimes.com/articles/345737/20120526/gcc-arab-gulf-states-saudi-arabia-kuwait.htm</link>
  <pubDate>Sat, 26 May 2012 13:30:59 EDT</pubDate>
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  <title><![CDATA[Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real Economy]]></title>
  <description><![CDATA[Investing in Brazil&#039;s booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation&#039;s financial industry to putting it into the real economy of South America&#039;s largest nation.]]></description>
  <guid>http://www.ibtimes.com/articles/345624/20120525/brazil-foreign-investment-brazilian-real-ge-takeda.htm</guid>
  <link>http://www.ibtimes.com/articles/345624/20120525/brazil-foreign-investment-brazilian-real-ge-takeda.htm</link>
  <pubDate>Fri, 25 May 2012 17:28:23 EDT</pubDate>
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  <title><![CDATA[Japan’s Renesas Electronics May Ax 14,000]]></title>
  <description><![CDATA[Renesas Electronics (Tokyo: 6723), one of Japan&#039;s biggest chip-makers, could fire as many as 30 percent of those on its payroll, or 14,000 workers.]]></description>
  <guid>http://www.ibtimes.com/articles/345620/20120525/renesas-chips-japan-fire-micron.htm</guid>
  <link>http://www.ibtimes.com/articles/345620/20120525/renesas-chips-japan-fire-micron.htm</link>
  <pubDate>Fri, 25 May 2012 17:00:09 EDT</pubDate>
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  <title><![CDATA[Air India: Aviation Minister Warns Union Of New Pilot Hires If Strike Continues]]></title>
  <description><![CDATA[The meeting with officials from the Indian Pilots&#039; Guild (IPG) lasted 90 minutes.]]></description>
  <guid>http://www.ibtimes.com/articles/345527/20120525/air-india-pilots-union-strike-carrier-court.htm</guid>
  <link>http://www.ibtimes.com/articles/345527/20120525/air-india-pilots-union-strike-carrier-court.htm</link>
  <pubDate>Fri, 25 May 2012 12:11:21 EDT</pubDate>
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  <title><![CDATA[No Longer Number One: Shipping Crisis Hits China's Once-Roaring Maritime Industries]]></title>
  <description><![CDATA[China&#039;s government bet big on shipping in the last decade. For a time, it paid off, even propelling the country to the world&#039;s top spot in shipbuilding. Now a major global slowdown is hurting the sector, and shipyards are in line for closure.]]></description>
  <guid>http://www.ibtimes.com/articles/345506/20120525/shipping-closure-slowdown.htm</guid>
  <link>http://www.ibtimes.com/articles/345506/20120525/shipping-closure-slowdown.htm</link>
  <pubDate>Fri, 25 May 2012 11:28:03 EDT</pubDate>
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  <title><![CDATA[US Treasury Declines To Call China A Currency 'Manipulator']]></title>
  <description><![CDATA[The U.S. Treasury declined Friday to name China as a currency manipulator, a move that is likely to intensify an already hot debate in the U.S. presidential campaigning.]]></description>
  <guid>http://www.ibtimes.com/articles/345468/20120525/treasury-china-currency-manipulator.htm</guid>
  <link>http://www.ibtimes.com/articles/345468/20120525/treasury-china-currency-manipulator.htm</link>
  <pubDate>Fri, 25 May 2012 09:59:07 EDT</pubDate>
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  <title><![CDATA[China And Israel Expand Military Ties In Sign Of Growing Cooperation]]></title>
  <description><![CDATA[Top Chinese and Israeli military officials met in Beijing earlier this week, signaling increased cooperation between the two nations, that formerly regarded each other tepidly.]]></description>
  <guid>http://www.ibtimes.com/articles/345464/20120525/china-israel-iran-military-ties-security-beijing.htm</guid>
  <link>http://www.ibtimes.com/articles/345464/20120525/china-israel-iran-military-ties-security-beijing.htm</link>
  <pubDate>Fri, 25 May 2012 09:50:50 EDT</pubDate>
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  <title><![CDATA[Searching For The American Dream, In A Chinese RV]]></title>
  <description><![CDATA[China&#039;s growing hunger for the RV is providing further evidence for the theory that the Middle Kingdom is trying to become more American -- at least in its pastimes.]]></description>
  <guid>http://www.ibtimes.com/articles/345463/20120525/china-recreation-vehicle-vacation-consumer.htm</guid>
  <link>http://www.ibtimes.com/articles/345463/20120525/china-recreation-vehicle-vacation-consumer.htm</link>
  <pubDate>Fri, 25 May 2012 09:49:24 EDT</pubDate>
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  <title><![CDATA[Goldman Sachs, Bank of America Downgrade India's Growth Outlook]]></title>
  <description><![CDATA[India&#039;s growth story comes crashing with Goldman Sachs and Bank of America-Merrill Lynch being the latest global firms to downgrade economic forecasts for the country on Friday.]]></description>
  <guid>http://www.ibtimes.com/articles/345454/20120525/goldman-sachs-bank-america-slash-india-growth.htm</guid>
  <link>http://www.ibtimes.com/articles/345454/20120525/goldman-sachs-bank-america-slash-india-growth.htm</link>
  <pubDate>Fri, 25 May 2012 09:27:34 EDT</pubDate>
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  <title><![CDATA[Petrol Price Hike To Severe Public Health Risk, Favours the Rich: CSE]]></title>
  <description><![CDATA[Amidst criticism and protest from various political parties and the public over the hike of petrol price by over seven rupees, Centre for Science and Environment (CSE) has come down heavily on the government, saying that the hike favours the rich and will severe public health.]]></description>
  <guid>http://www.ibtimes.com/articles/345415/20120525/petrol-price-hike-severe-public-health-risk.htm</guid>
  <link>http://www.ibtimes.com/articles/345415/20120525/petrol-price-hike-severe-public-health-risk.htm</link>
  <pubDate>Fri, 25 May 2012 08:05:19 EDT</pubDate>
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  <title><![CDATA[BSE Sensex, NSE Nifty Hover Between Red And Green; Oil, Auto And IT Shares Worst Hit]]></title>
  <description><![CDATA[Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.]]></description>
  <guid>http://www.ibtimes.com/articles/345316/20120525/bse-sensex-nse-nifty-hovering-between-red.htm</guid>
  <link>http://www.ibtimes.com/articles/345316/20120525/bse-sensex-nse-nifty-hovering-between-red.htm</link>
  <pubDate>Fri, 25 May 2012 04:12:43 EDT</pubDate>
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  <title><![CDATA[India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute]]></title>
  <description><![CDATA[European airlines may risk an embargo from India&#039;s airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution.]]></description>
  <guid>http://www.ibtimes.com/articles/345308/20120525/india-warns-ban-european-airlines-carbon-tax.htm</guid>
  <link>http://www.ibtimes.com/articles/345308/20120525/india-warns-ban-european-airlines-carbon-tax.htm</link>
  <pubDate>Fri, 25 May 2012 03:55:34 EDT</pubDate>
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  <title><![CDATA[More Steel Production for China as Beijing Approves $11B New Guangdong Steel Mill]]></title>
  <description><![CDATA[This could mean another round of iron ore shipment surge for Australia as China announced on Friday its approval of the $US11-billon steel project proposal submitted by Shanghai-based Baosteel Group.]]></description>
  <guid>http://www.ibtimes.com/articles/345267/20120525/more-steel-production-china-beijing-approves-11b.htm</guid>
  <link>http://www.ibtimes.com/articles/345267/20120525/more-steel-production-china-beijing-approves-11b.htm</link>
  <pubDate>Fri, 25 May 2012 02:37:20 EDT</pubDate>
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  <title><![CDATA[Alibaba.com Shareholders Clear BuyBack Plan, CIC to Take $2bn Stake in Alibaba]]></title>
  <description><![CDATA[Alibaba raising funds for the buyback through a stake sale to China Investment Corp.]]></description>
  <guid>http://www.ibtimes.com/articles/345228/20120525/alibaba-com-group-ecommerce-share-buy-back.htm</guid>
  <link>http://www.ibtimes.com/articles/345228/20120525/alibaba-com-group-ecommerce-share-buy-back.htm</link>
  <pubDate>Fri, 25 May 2012 00:36:32 EDT</pubDate>
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  <title><![CDATA[Prada Embarks on Ambitious Expansion Plan]]></title>
  <description><![CDATA[Italian fashion brand label Prada SpA is about to embark on an ambitious expansion rollout in the next three years mainly to pursue the promising income from the BRICs (Brazil, Russia, India and China) as well as from countries in the Persian Gulf.]]></description>
  <guid>http://www.ibtimes.com/articles/345225/20120524/prada-leather-china-india-brazil-morocco-istanbul.htm</guid>
  <link>http://www.ibtimes.com/articles/345225/20120524/prada-leather-china-india-brazil-morocco-istanbul.htm</link>
  <pubDate>Thu, 24 May 2012 23:53:58 EDT</pubDate>
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  <title><![CDATA[China’s First Commercial Plane Hampered with Approval Delays]]></title>
  <description><![CDATA[The flight of China&#039;s first commercial plane has been delayed owing to the rescheduling done by Chinese authorities of its final airworthiness test certification.]]></description>
  <guid>http://www.ibtimes.com/articles/345224/20120524/china-boeing-airbus.htm</guid>
  <link>http://www.ibtimes.com/articles/345224/20120524/china-boeing-airbus.htm</link>
  <pubDate>Thu, 24 May 2012 23:52:42 EDT</pubDate>
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  <title><![CDATA[$8.5B Budget Approved For Origin and Conoco Australia's LNG Project]]></title>
  <description><![CDATA[A group of domestic and international banks has granted in principle the $8.5 billion in project financing needed to finally drumroll the $20 billion Australia Pacific liquefied natural gas (LNG) project of Origin Energy Ltd. and ConocoPhillips.]]></description>
  <guid>http://www.ibtimes.com/articles/345223/20120524/lng-united-states-china-sinopec-conocophillips.htm</guid>
  <link>http://www.ibtimes.com/articles/345223/20120524/lng-united-states-china-sinopec-conocophillips.htm</link>
  <pubDate>Thu, 24 May 2012 23:51:44 EDT</pubDate>
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  <title><![CDATA[Australia Targets Criminal Operations at Main Waterfront Areas]]></title>
  <description><![CDATA[Prime Minister Julia Gillard has ordered for a sweeping overhaul of security measures on Australia&#039;s key waterfront areas following reports from police authorities that confirmed the operations of criminal groups in Brisbane and Melbourne.]]></description>
  <guid>http://www.ibtimes.com/articles/345222/20120524/govt-targets-criminal-operations-australia-s-main.htm</guid>
  <link>http://www.ibtimes.com/articles/345222/20120524/govt-targets-criminal-operations-australia-s-main.htm</link>
  <pubDate>Thu, 24 May 2012 23:49:45 EDT</pubDate>
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  <title><![CDATA[Rio Tinto Insists on Iron Ore Growth Plans]]></title>
  <description><![CDATA[Rio Tinto remains on track to expand its iron ore operations despite earlier indications from the mining giant&#039;s CEO, Tom Albanese, that at a certain period the company will temporarily slow down on its output plans.]]></description>
  <guid>http://www.ibtimes.com/articles/345218/20120524/rio-tinto-insists-iron-ore-growth-plans.htm</guid>
  <link>http://www.ibtimes.com/articles/345218/20120524/rio-tinto-insists-iron-ore-growth-plans.htm</link>
  <pubDate>Thu, 24 May 2012 23:39:24 EDT</pubDate>
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  <title><![CDATA[Australian Dollar Outlook - 05/25/2012]]></title>
  <description><![CDATA[Bell FX Currency Outlook: With worries a Greek exit would deepen the euro zone debt crisis and risk aversion continuing to mount this week, the Australian Dollar has continued track new lows.]]></description>
  <guid>http://www.ibtimes.com/articles/345181/20120524/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/345181/20120524/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Thu, 24 May 2012 19:48:08 EDT</pubDate>
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  <title><![CDATA[Global Markets Overview - 05/25/2012]]></title>
  <description><![CDATA[U.S. stocks finished mostly higher after late afternoon comments from the Italian premier boosted confidence that Greece would stay in the euro zone. The Dow Jones Industrial Average finished up 34 points, or 0.3%, at 12530, after bouncing back from a 0.6% slide.]]></description>
  <guid>http://www.ibtimes.com/articles/345177/20120524/jp-morgan-goldman-sachs-ftse-hang-seng.htm</guid>
  <link>http://www.ibtimes.com/articles/345177/20120524/jp-morgan-goldman-sachs-ftse-hang-seng.htm</link>
  <pubDate>Thu, 24 May 2012 19:24:47 EDT</pubDate>
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  <title><![CDATA[Chinese Manufacturing Decreased in May]]></title>
  <description><![CDATA[Chinese manufacturing weakened in May, the seventh consecutive month the figure has been in the red, according to a preliminary reading of the HSBC manufacturing purchasing managers index.]]></description>
  <guid>http://www.ibtimes.com/articles/345060/20120524/china-manufacturing-hsbc-pmi.htm</guid>
  <link>http://www.ibtimes.com/articles/345060/20120524/china-manufacturing-hsbc-pmi.htm</link>
  <pubDate>Thu, 24 May 2012 12:19:17 EDT</pubDate>
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  <title><![CDATA[Polio Remains Endemic in Nigeria, Pakistan And Afghanistan: Health Officials]]></title>
  <description><![CDATA[GPEI warned that failure to eradicate polio could lead to as many as 200,000 paralyzed children a year across the globe.]]></description>
  <guid>http://www.ibtimes.com/articles/345053/20120524/polio-pakistan-afghanistan.htm</guid>
  <link>http://www.ibtimes.com/articles/345053/20120524/polio-pakistan-afghanistan.htm</link>
  <pubDate>Thu, 24 May 2012 12:04:01 EDT</pubDate>
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  <title><![CDATA[HP’s CEO Chops 27,000 Jobs, Investors Cheer]]></title>
  <description><![CDATA[Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, leaped as much as 7.4 percent Thursday after the company said Wednesday it would fire 27,000 people.]]></description>
  <guid>http://www.ibtimes.com/articles/344962/20120524/hp-shares-whitman-fire-27-000.htm</guid>
  <link>http://www.ibtimes.com/articles/344962/20120524/hp-shares-whitman-fire-27-000.htm</link>
  <pubDate>Thu, 24 May 2012 09:42:58 EDT</pubDate>
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  <title><![CDATA[Congress Against Petrol Price Hike; Govt Considers Partial Rollback: Sources]]></title>
  <description><![CDATA[The latest media reports suggested that the government is contemplating a partial rollback in the recent steep petrol price hike. According to the sources the government might slash about Rs 2 to 2.50 per litre, while the Congress party is demanding to scale down about Rs 3 to 5 in the latest hike.]]></description>
  <guid>http://www.ibtimes.com/articles/344953/20120524/petrol-price-hike-congress-upa-protest-rollback.htm</guid>
  <link>http://www.ibtimes.com/articles/344953/20120524/petrol-price-hike-congress-upa-protest-rollback.htm</link>
  <pubDate>Thu, 24 May 2012 09:27:05 EDT</pubDate>
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  <title><![CDATA[India Opposition Calls For Nationwide Strike To Protest Rising Petrol Price]]></title>
  <description><![CDATA[In 2010, the Indian government permitted state-owned oil companies to establish the price of petrol.]]></description>
  <guid>http://www.ibtimes.com/articles/344925/20120524/india-petrol-prices-protest-government-strike-bjp.htm</guid>
  <link>http://www.ibtimes.com/articles/344925/20120524/india-petrol-prices-protest-government-strike-bjp.htm</link>
  <pubDate>Thu, 24 May 2012 08:35:52 EDT</pubDate>
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  <title><![CDATA[Iran Rejects West's Proposal On Nuclear Curbs, Talks Come To A Standstill]]></title>
  <description><![CDATA[The talks between world powers and Iran over Tehran&#039;s nuclear program came to a standstill Thursday as it accused the P5+1 group (five permanent members of the UN and Germany) of &quot;creating a difficult atmosphere hindering talks.&quot;.]]></description>
  <guid>http://www.ibtimes.com/articles/344904/20120524/iranian-nuclear-talks-hits-road-block-iran.htm</guid>
  <link>http://www.ibtimes.com/articles/344904/20120524/iranian-nuclear-talks-hits-road-block-iran.htm</link>
  <pubDate>Thu, 24 May 2012 08:12:10 EDT</pubDate>
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  <title><![CDATA[Gina Rinehart: World's Wealthiest Woman Made Her Children Weed Garden at Perth Mansion [VIDEO]]]></title>
  <description><![CDATA[Gina Rinehart, an Australian mining tycoon has leap-frogged Walmart heiress Christy Walton as the world&#039;s richest woman with a daily income of £32m.]]></description>
  <guid>http://www.ibtimes.com/articles/344902/20120524/gina-rinehart-australian-mining-tycoon-richest-woman.htm</guid>
  <link>http://www.ibtimes.com/articles/344902/20120524/gina-rinehart-australian-mining-tycoon-richest-woman.htm</link>
  <pubDate>Thu, 24 May 2012 08:07:51 EDT</pubDate>
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  <title><![CDATA[Petrol Price Hike: BJP Calls For India Strike — ‘Bharat Band’ On May 31 Against UPA’s Anniversary Gift]]></title>
  <description><![CDATA[The Bharatiya Janata Party (BJP), which is holding its national executive meeting on Thursday, announced an India shutdown on May 31 on behalf of the National Democratic Alliance (NDA).]]></description>
  <guid>http://www.ibtimes.com/articles/344867/20120524/petrol-price-hike-bjp-calls-india-strike.htm</guid>
  <link>http://www.ibtimes.com/articles/344867/20120524/petrol-price-hike-bjp-calls-india-strike.htm</link>
  <pubDate>Thu, 24 May 2012 06:43:31 EDT</pubDate>
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  <title><![CDATA[Auto Stocks Plunge Amidst Petrol Price Hike]]></title>
  <description><![CDATA[BSE Auto index took a hit on Thursday morning trade session amidst petrol price hike. Maruti Suzuki took the worst hit, trading shares at Rs. 1,132 and reporting a fall of 1.67 percent at At 1:22 p.m.]]></description>
  <guid>http://www.ibtimes.com/articles/344835/20120524/auto-stocks-plunge-amid-petrol-price-hike.htm</guid>
  <link>http://www.ibtimes.com/articles/344835/20120524/auto-stocks-plunge-amid-petrol-price-hike.htm</link>
  <pubDate>Thu, 24 May 2012 05:30:05 EDT</pubDate>
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  <title><![CDATA[Prices of Chinese Rare Earths Seen Falling]]></title>
  <description><![CDATA[Prices of rare earths from China have been reported posting a dropping trend this week.]]></description>
  <guid>http://www.ibtimes.com/articles/344817/20120524/china-rare-earths-neodymium-oxide-cerium-dysprosium.htm</guid>
  <link>http://www.ibtimes.com/articles/344817/20120524/china-rare-earths-neodymium-oxide-cerium-dysprosium.htm</link>
  <pubDate>Thu, 24 May 2012 04:42:11 EDT</pubDate>
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  <title><![CDATA[Outrage Over Steep Petrol Price Hike: Hilarious Tweets Of Fuming Commoners a.k.a 'Aam Aadmi' (TWEETS)]]></title>
  <description><![CDATA[Massive outrage flared all over India as the sharpest hike in petrol prices took effect on Thursday.]]></description>
  <guid>http://www.ibtimes.com/articles/344814/20120524/outrage-over-steep-petrol-price-hike-hilarious.htm</guid>
  <link>http://www.ibtimes.com/articles/344814/20120524/outrage-over-steep-petrol-price-hike-hilarious.htm</link>
  <pubDate>Thu, 24 May 2012 04:38:38 EDT</pubDate>
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  <title><![CDATA[Canadian Miner Matamec Fires Up Kipawa Rare Earths Deposit Plants]]></title>
  <description><![CDATA[Manufacturers of high tech gadgets that use rare earths are in for more good news as Canadian miner Matamec Explorations Inc. announced on Wednesday the mineral processing and hydrometallurgical pilot plants needed to jumpstart the operations on its flagship Kipawa rare earth project are on schedule.]]></description>
  <guid>http://www.ibtimes.com/articles/344780/20120524/australia-canada-rare-earths-gold-yttrium-zirconium.htm</guid>
  <link>http://www.ibtimes.com/articles/344780/20120524/australia-canada-rare-earths-gold-yttrium-zirconium.htm</link>
  <pubDate>Thu, 24 May 2012 02:51:47 EDT</pubDate>
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  <title><![CDATA[Andrew Forrest: Europe's Distress Should Not Disturb Australia, Asia]]></title>
  <description><![CDATA[The worsening financial crisis in Europe, according to Fortescue Metals Group (FMG) owner Andrew Forrest, appears more disturbing than it ought to be, no thanks to the sensational media coverage trained on the struggling economic region.]]></description>
  <guid>http://www.ibtimes.com/articles/344777/20120524/andrew-forrest-europe-s-distress-disturb-australia.htm</guid>
  <link>http://www.ibtimes.com/articles/344777/20120524/andrew-forrest-europe-s-distress-disturb-australia.htm</link>
  <pubDate>Thu, 24 May 2012 02:48:55 EDT</pubDate>
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  <title><![CDATA[Petrol Price Hike In India: Rates Before And After Hike]]></title>
  <description><![CDATA[The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government&#039;s allies and oppositions fuming over the issue.]]></description>
  <guid>http://www.ibtimes.com/articles/344763/20120524/petrol-price-hike-india-rates-before.htm</guid>
  <link>http://www.ibtimes.com/articles/344763/20120524/petrol-price-hike-india-rates-before.htm</link>
  <pubDate>Thu, 24 May 2012 01:59:43 EDT</pubDate>
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  <title><![CDATA[China’s Manufacturing Activity Falls: HSBC PMI]]></title>
  <description><![CDATA[China&#039;s manufacturing activity fell in May compared to April and continued to contract for the seventh straight month, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Thursday.]]></description>
  <guid>http://www.ibtimes.com/articles/344750/20120524/china-pmi-manufacturing-hsbc.htm</guid>
  <link>http://www.ibtimes.com/articles/344750/20120524/china-pmi-manufacturing-hsbc.htm</link>
  <pubDate>Thu, 24 May 2012 01:37:11 EDT</pubDate>
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  <title><![CDATA[Australian Stock Market Report – Midday 5/24/2012]]></title>
  <description><![CDATA[Yesterday the Australian share market lost ground for the first time this week, with the All Ordinaries Index (XAO) down 54.7 points to 4,118 point. Last night Key European index&#039;s lost 2-3% after discussions at the European Leaders summit in Brussels made no real headway to resolving the current Eurozone, especially Greek, problems.]]></description>
  <guid>http://www.ibtimes.com/articles/344730/20120523/australian-stock-market-report-midday-5-24.htm</guid>
  <link>http://www.ibtimes.com/articles/344730/20120523/australian-stock-market-report-midday-5-24.htm</link>
  <pubDate>Wed, 23 May 2012 23:40:38 EDT</pubDate>
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  <title><![CDATA[Australian Dollar Outlook - 05/24/2012]]></title>
  <description><![CDATA[Bell FX Currency Outlook: The Australian dollar has opened this morning around USD.9760, after trading down to a low of USD0.9690 overnight as European
equities followed Asia&#039;s lead falling around 2.5%.]]></description>
  <guid>http://www.ibtimes.com/articles/344687/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/344687/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Wed, 23 May 2012 20:26:41 EDT</pubDate>
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  <title><![CDATA[NT Tourism at Risk with Cutback of Qantas, Jetstar Services]]></title>
  <description><![CDATA[Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce&#039;s ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.]]></description>
  <guid>http://www.ibtimes.com/articles/344684/20120523/nt-tourism-risk-cutback-qantas-jetstar-services.htm</guid>
  <link>http://www.ibtimes.com/articles/344684/20120523/nt-tourism-risk-cutback-qantas-jetstar-services.htm</link>
  <pubDate>Wed, 23 May 2012 19:50:57 EDT</pubDate>
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  <title><![CDATA[Global Markets Overview - 05/24/2012]]></title>
  <description><![CDATA[U.S. stocks reversed steep losses to finish the day roughly flat, though European stocks and the euro tumbled to 2012 lows amid growing chatter about a potential Greek exit from the euro zone]]></description>
  <guid>http://www.ibtimes.com/articles/344677/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</guid>
  <link>http://www.ibtimes.com/articles/344677/20120523/australia-dollar-usd-aud-eur-commodities-europe.htm</link>
  <pubDate>Wed, 23 May 2012 19:01:10 EDT</pubDate>
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  <title><![CDATA[Rio Environmental Summit To Focus On Global Food Security Issues]]></title>
  <description><![CDATA[As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.]]></description>
  <guid>http://www.ibtimes.com/articles/344641/20120523/rio-food-security-summit-agriculture-poverty-farms.htm</guid>
  <link>http://www.ibtimes.com/articles/344641/20120523/rio-food-security-summit-agriculture-poverty-farms.htm</link>
  <pubDate>Wed, 23 May 2012 16:12:47 EDT</pubDate>
  </item>
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  <title><![CDATA[Nigeria  To Deport Chinese Migrants Engaged In Illegal Trading]]></title>
  <description><![CDATA[Ifeadi called the Chinese &quot;scavengers&quot; who were taking jobs that should be the exclusive preserve of Nigerian people.]]></description>
  <guid>http://www.ibtimes.com/articles/344597/20120523/nigeria-chinese-immigrants-retail-textile-deport-arrest.htm</guid>
  <link>http://www.ibtimes.com/articles/344597/20120523/nigeria-chinese-immigrants-retail-textile-deport-arrest.htm</link>
  <pubDate>Wed, 23 May 2012 14:10:40 EDT</pubDate>
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  <title><![CDATA[China To Top US As No. 1 Business Travel Destination: Report]]></title>
  <description><![CDATA[According to a new report from the Global Business Travel Association, 12- to 15-hour flights to China may soon become the norm for U.S. and European business travelers.]]></description>
  <guid>http://www.ibtimes.com/articles/344596/20120523/china-business-travel-destination.htm</guid>
  <link>http://www.ibtimes.com/articles/344596/20120523/china-business-travel-destination.htm</link>
  <pubDate>Wed, 23 May 2012 14:04:55 EDT</pubDate>
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  <title><![CDATA[Strong May Car Sales Drive US GDP Growth: Kelley Blue Book]]></title>
  <description><![CDATA[U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.]]></description>
  <guid>http://www.ibtimes.com/articles/344589/20120523/gdp-car-sales-2012-kbb-f-gm.htm</guid>
  <link>http://www.ibtimes.com/articles/344589/20120523/gdp-car-sales-2012-kbb-f-gm.htm</link>
  <pubDate>Wed, 23 May 2012 13:53:19 EDT</pubDate>
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  <title><![CDATA[Cisco, Dell, HP: Is A Tech Recession Coming?]]></title>
  <description><![CDATA[Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?.]]></description>
  <guid>http://www.ibtimes.com/articles/344584/20120523/dell-hewlett-pacakrd-hp-pc-intel-cisco.htm</guid>
  <link>http://www.ibtimes.com/articles/344584/20120523/dell-hewlett-pacakrd-hp-pc-intel-cisco.htm</link>
  <pubDate>Wed, 23 May 2012 13:37:01 EDT</pubDate>
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  <title><![CDATA[China To Boost Growth Again, But Cautiously]]></title>
  <description><![CDATA[An annual GDP growth rate of 8 percent would be an economic miracle in most of the world. In China, it has the government looking for ways to help the economy grow more -- but not by spending indiscriminately for stimulus plans.]]></description>
  <guid>http://www.ibtimes.com/articles/344573/20120523/china-growth-infrastructure-wen.htm</guid>
  <link>http://www.ibtimes.com/articles/344573/20120523/china-growth-infrastructure-wen.htm</link>
  <pubDate>Wed, 23 May 2012 12:54:45 EDT</pubDate>
  </item>
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  <title><![CDATA[World Bank Lowers China Growth Forecast, Urges More Asian Consumption]]></title>
  <description><![CDATA[The World Bank lowered on Wednesday its 2012 China growth forecast to 8.2 percent from 8.4 percent on faltering demand for exports in the U.S. and Europe and a slowdown in the Chinese real estate market. The bank urged the entire region to focus on spurring domestic demand and reduce its dependence on exports.]]></description>
  <guid>http://www.ibtimes.com/articles/344568/20120523/china-economy-world-bank.htm</guid>
  <link>http://www.ibtimes.com/articles/344568/20120523/china-economy-world-bank.htm</link>
  <pubDate>Wed, 23 May 2012 12:47:06 EDT</pubDate>
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  <title><![CDATA[US Hopes Pakistan Will Reopen NATO Supply Routes]]></title>
  <description><![CDATA[The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country&#039;s cooperation on the issue.]]></description>
  <guid>http://www.ibtimes.com/articles/344501/20120523/hopes-pakistan-will-reopen-nato-supply-routes.htm</guid>
  <link>http://www.ibtimes.com/articles/344501/20120523/hopes-pakistan-will-reopen-nato-supply-routes.htm</link>
  <pubDate>Wed, 23 May 2012 10:47:32 EDT</pubDate>
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  <title><![CDATA[China’s Slowdown Remains A Drag On Japan’s Export Growth]]></title>
  <description><![CDATA[The economic slowdown in China has affected the growth of exports in other Asian countries, especially in Japan.]]></description>
  <guid>http://www.ibtimes.com/articles/344472/20120523/japan-trade-deficit-china-slowdown.htm</guid>
  <link>http://www.ibtimes.com/articles/344472/20120523/japan-trade-deficit-china-slowdown.htm</link>
  <pubDate>Wed, 23 May 2012 09:46:53 EDT</pubDate>
  </item>
  <item>
  <title><![CDATA[Global Stocks Fall On Fears Of Greek Exit From Euro Zone]]></title>
  <description><![CDATA[Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.]]></description>
  <guid>http://www.ibtimes.com/articles/344422/20120523/asian-european-stocks-greek-exit-euro-zone.htm</guid>
  <link>http://www.ibtimes.com/articles/344422/20120523/asian-european-stocks-greek-exit-euro-zone.htm</link>
  <pubDate>Wed, 23 May 2012 08:47:05 EDT</pubDate>
  </item>
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