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  • National Australia Bank

    NAB, Australia's top lender by assets,said it plans to raise A$5.5 billion in a rights issue as it looks to demerge and float its troubled British unit.

  • YOGASMOGA, founded in 2013 by siblings Rishi and Tapasya Bali, manufactures yogawear that honors the culture behind the practice.

    A Wall Street sibling duo left the finance world to launch YOGASMOGA, a yogawear company that celebrates the culture behind yoga.

  • China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.

  • China's third quarter gross domestic product report delivered an upside surprise, helping calm investor nerves over the faltering global recovery.

  • The dollar index briefly trimmed its earlier gains on Tuesday after weaker-than-expected home price data in July raised doubts about the U.S. economy.

  • Goldman Sachs is the latest bank to slash its growth outlook for China as weak economic activity triggers fresh concerns of over slowing growth.

  • Economists expect Beijing to turn on the stimulus taps to prop up the economy following a sharp deceleration in activity growth in August.

  • Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.

  • At a property trade fair in Beijing, China

    Jiang Lu is the proud owner of a 450 square foot apartment. She invested her life savings and took advantage of easier mortgages to buy her new home.

  • The Pudong Lujiazui financial district in Shanghai, China.

    China's debt has soared to two and half times its economy from 147 percent at the end of 2008, Standard Chartered estimates.

  • The Aussie – which appeared to be on course for a return to parity with the U.S. dollar just days ago – is set to end the year below $0.90.

  • Medtronic is buying Covidien in a $42.9 billion agreement that could increase concerns about the rush of U.S. companies striking deals to cut their tax bills.

  • The yuan, which saw its biggest weekly jump in 2½ years last week, is set to continue on its appreciation path, say strategists.

  • At a property trade fair in Beijing, China

    China will manage its property sector at a local level as it seeks to avoid either a slowdown that undermines the economy or a surge in prices.

  • Two key questions dominate Twitter's initial public offering: where will it list, and how much will it float?

  • Wall Street banks have hired children of Chinese officials in the hopes that they can open doors and secure deals in the world's fastest-growing economy.

  • Industry heavyweights -- in finance, technology, real estate, media -- weigh in on the one issue, innovation or event they think will change the world in 2013.

  • bombay-stock-exchange-exterior_200.jpg

    India's BSE Ltd, the former Bombay Stock Exchange which has lost market share to rivals, has chosen 14 banks for a share offering planned for the first half of 2013.

  • Stocks See Classic Risk-On, Reflation Trade

    The recent wave of cyberattacks targeting major U.S. banks has cast doubt onto the effectiveness of security infrastructure within the online banking sector. Though worrisome, there is a potential beneficiary set to gain from this threat, explains one analyst: the cyber security industry.