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High-End 'Micro-Flats' Latest Trend for Hong Kong Home Buyers

At a glitzy show stall for a new residential development in Hong Kong, property agents with loudspeakers are promoting the latest trend in the overcrowded city -- high-end "micro-flats" which still come with an eye-watering price tag.

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India Probes Bank Loan to Troubled Kingfisher Airline

India's top crime fighting body is investigating a $155 million loan by a state-run bank to debt-ridden Kingfisher Airlines, a police official said Sunday.

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IT Outsourcing Boom Boosts Struggling Bulgaria

Excellent IT and language skills have helped Bulgaria's outsourcing sector boom, raising hopes that it could prop up the badly stagnating economy of the EU's poorest country.

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Gazans Struggle with Rising Prices as Bombs Fall

Israeli bombardment has left parts of Gaza in ruins, and the enclave's already shattered economy is also feeling the pinch as prices for staple foods have started to climb.

The market in Gaza City's Shati refugee camp was bustling Saturday, but many of the camp's hard-up residents are buying less.

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IMF Says Ghana Has Requested Assistance

The International Monetary Fund said Friday it is ready to aid Ghana after the country formally requested assistance to surmount fiscal and economic challenges.

The global crisis lender gave no information on how much money the Ghanaian authorities are requesting to bridge a deep financing gap that has resulted in a plunge in its currency.

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Fitch Cuts Croatia's Credit Rating

Rating agency Fitch cut Croatia's credit grade by one notch Friday, after the government said it could miss its budget deficit target this year.

Fitch cut the rating to "BB" from "BB+", with a stable outlook.

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Govt: China Inflation Up 2.3% on-Year in July

China's annual inflation rose 2.3 percent in July, official data showed Saturday, remaining stable and allowing authorities space to further stimulate growth in the world's second-largest economy if needed.

The country's consumer price index (CPI) -- a main gauge of inflation -- also rose by 2.3 percent in the first seven months of the year from the same period in 2013, the National Bureau of Statistics said in a statement.

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U.S. Stocks Gain Despite Iraq, Ukraine Uncertainty

Wall Street contended with rising tensions over Ukraine and Iraq, yet U.S. stocks still finished in the black for the week following a big rally Friday.

The Dow Jones Industrial Average rose 60.56 points (0.37 percent) to 16,553.93 over the week.

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McDonald's July Sales Fall on China Meat Scandal

McDonald's suffered a drop in July sales after reports that it was using unsafe meat in China hit sales in Asia, the company said Friday.

Global comparable sales at the U.S. fast-food giant dropped 2.5 percent, with sales in the Asia/Pacific, Middle East and Africa region plummeting 7.3 percent.

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Turkey Travel Chaos as Storm Hits Istanbul

Dozens of flights were delayed or canceled at Istanbul's main Ataturk airport on Friday as a ferocious summer storm hit the city for the second day in a row.

Hundreds of passengers were stranded in the domestic terminal of the airport after their flights were canceled while international passengers were suffering delays of several hours, according to the airport.

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