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    Evidence of a weakening Chinese economy and feeble data from Australia and Britain reinforced fears of a prolonged global recession on Tuesday, as policymakers groped for a co-ordinated response to the downturn.

  • China's inflation rate fell further in October, easing pressure on Beijing to contain price rises as it launches a massive stimulus package to boost slowing growth.

  • Asian markets and commodities retreated Tuesday while the yen pushed higher as a souring economic outlook took some of the wind out of investor hopes sparked by China's stimulus plan.

  • Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election and the survival of his sport in tough economic times, while American International Group's CEO comments on the company's loss of $24 billion in the third quarter and the government's bailout package. Following are today's top videos:

  • Plus, a trade on cash-strapped consumers.

  • global_economy1.jpg

    China pitched in nearly $600 billion to the global effort to avoid the worst economic downturn in decades, while grim Japanese data offered more proof of the damage caused by the global financial crisis.

  • A strong earthquake measuring 6.5 hit a sparsely populated area in China's western province of Qinghai on Monday, shaking buildings in the remote mining city of Golmud and the regional capital, Xining.

  • China, Chinese Flag

    China's wholesale price inflation tumbled in October, clearing the way for the central bank to cut rates at any time to support a massive stimulus package aimed at shoring up the world's fourth-largest economy.

  • global_economy2.jpg

    China launched a huge stimulus plan worth nearly $600 billion, kicking off what could be a round of big spending or interest rate cuts by leading economies to stave off a recession in many countries.

  • Asian stocks and commodity prices climbed Monday after China unveiled a nearly $600 billion economic stimulus plan, one of many measures countries are undertaking to limit the economic fallout from the financial crisis.

  • China, Chinese Flag

    China's cabinet has approved a massive stimulus package worth 4 trillion yuan ($586 billion) through 2010 to boost domestic demand, the official Xinhua news agency said on Sunday.

  • Mohamed El-Erian, co-chief executive officer of Pacific Investment Management Co.

    President-Elect Barrack Obama should attend the upcoming summit of the G20 developing and industrialized countries in Brazil to show that the US has a truly international leader, Mohamed El-Erian, Co-CEO of Pimco, told CNBC Friday.

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    China's Lenovo Group, the world' No. 4 PC maker, posted a 78 percent plunge in quarterly earnings on slower shipments and lower margins, as the global financial crisis crimps appetite for technology products.

  • Asian stocks closed mixed after a weaker open, as layoffs and corporate profit warnings piled up in the face of a rapidly slowing global economy. But South Korea's KOSPI rebounded after the country's central bank slashed interest rates by 25 basis points.

  • Andrew Busch

    Ahead of next weekends meeting, the G20 group of advanced and big emerging economies issued a communiqué indicating the direction and scope of their interests. From stabilizing the financial markets to supporting global growth to minimizing the “negative social impact” of the crisis, their goals are lofty and their ambition extraordinary.

  • Asian stocks fell sharply with Japan losing 6.5% and South Korea down 7.5%  Thursday as more evidence that the U.S. economy is shrinking made investors brace for a potentially deep and lasting global recession.

  • Yum! Brands seems to be struggling in China. So is this former Cramer fave still worth buying?

  • Asian shares hit a three-week high Wednesday and the U.S. dollar extended gains after Barack Obama became the next U.S. president, ending uncertainty about who will lead the world's largest economy in the midst of great financial peril.

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    Negotiators from Taiwan and China met for their first high-level talks on the island in 60 years on Tuesday, with deals on direct flights, cargo routes and food safety expected to be signed later in the day.

  • Japan's Nikkei index closed 6%  Tuesday, as exporters gained on the yen's recent weakness, though other markets were down after reports pointed to a shriveling U.S. economy ahead of the presidential election.