China has arrested more than 4,000 people for violating intellectual property rights (IPR) since November and will enforce tougher punishments to combat the "rampant" problem, a senior government official said on Tuesday.
Sterling hovered close to a four-month high versus a struggling euro on Tuesday as sovereign funding worries undermined the single currency, with market players saying the pound looked set for more gains.
Women's apparel retailer Bebe Stores Inc scaled back its earnings estimate for the second quarter, hurt in part by weak demand in the second half of December, which is the high point of the holiday selling season.
British clothing and footwear retailer JD Sports Fashion said it will beat a 75 million pound annual profit forecast, after its Mckenzie, Carbrini and Duffer brands drove better-than-expected Christmas sales.
Oxford Industries has just announced that it has consummated its previously announced sale of substantially all of Oxford Apparel, one of its operating groups, to LF USA, a subsidiary of Li & Fung Limited.
India's gold demand was moderate on Wednesday as prices softened a touch on the back of a stronger rupee, but traders said the underlying appetite remained strong and many buyers kept to the sidelines waiting for bigger dips as the year-end drew closer.
Gold is set to build on this year's hefty gains in 2011 as uncertainty over the stability of the global financial system boosts its safe-haven allure, but other precious metals may offer investors a higher return.