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No need for ECB to buy sovereign bonds now: German economic adviser

The head of the panel of economic experts that advises the German government said on Sunday there was no reason for the European Central Bank (ECB) to start buying up sovereign bonds now to bolster euro zone growth.


Women's apparel, dining drive U.S. holiday sales: MasterCard

U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report.

Sony works for third day to restore PlayStation after attack

Sony Corp worked for a third day on Saturday to restore services to its PlayStation network as the FBI said it was looking into the disruption, which began on Christmas Day.

North Korea blames U.S. for Internet outages, calls Obama 'monkey'

North Korea called U.S. President Barack Obama a "monkey" and blamed Washington on Saturday for Internet outages it has experienced during a confrontation with the United States over the hacking of the film studio Sony Pictures.


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'The Winds of Winter' is set to release in 2017 according to several analysts. Meanwhile, the plot should be containing Tyrion and Arya Stark's revealing lives.
German Finance Minister Wolfgang Schaeuble expressed his reservations against the European Central Bank launching a bond buying stimulus program and praised Bundesbank president Jens Weidmann's arguments against such moves.
Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.
Volkswagen's (VOWG_p.DE) Audi luxury division said on Saturday it will increase spending on new models, plants and technology by 2 billion euros ($2.44 billion) to a record 24 billion euros over the next five years.
A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, according to court papers published on Friday.
BAE Systems (BAES.L) has won a contract worth up to $1.2 billion to build a new type of armored vehicle for the U.S. Army, the company and Army officials said on Tuesday.
The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc. The National Development and Reform Commission (NDRC), the country's anti-monopoly regulator which launched a probe of the San Diego-based
Iran is to expand what it calls "smart filtering" of the Internet, a policy of censoring undesirable content on websites without banning them completely, as it used to, the government said on Friday.
Microsoft Corp's Xbox Live was back up on Friday while Sony Corp's PlayStation Network remained offline for a second day after a hacker group claimed responsibility for attacking the two Internet gaming services.
China's Dalian Wanda Group Co, whose real estate arm just raised about $3.7 billion in a Hong Kong share sale, said on Friday it has bought a controlling stake in 99Bill Corp, a Chinese third-party payment processor similar to PayPal.