CHINA

Cathay Pacific Flight Attendants

Sex Photos Scandal Delays Cathay Pacific Ad Campaign

Asian airline Cathay Pacific has postponed the second phase of its high-profile international advertising campaign after a sex scandal involving photographs of crew members allegedly engaging in sexual acts circulated online and in Chinese-language newspapers.

U.S. debt still safest place for China reserves: top banker

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The U.S. Treasury market is still the safest place for China to put part of its massive foreign exchange reserves despite a downgrade of the U.S. debt rating by Standard & Poor's, Guo Shuqing, chairman of China Construction Bank, said in comments published on Tuesday.
World Bank Chief Robert Zoellick pauses while speaking at the Asia Society's annual dinner in Sydney

World Bank Chief: Nations Must Tackle Global Debt Mess

The World Bank chief Tuesday called for national governments to seek long-term debt curbs to solve the current sovereign debt crises in Europe and the United States, but said it was too early for special action by the Group of 20 nations.
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Drug Xarelto

FDA, Industry Reach Generic Drug Fee Agreement

U.S. regulators and generic drugmakers have reached a compromise agreement for a user-fee program that would require the companies to pay some $299 million in the first year to accelerate drug approvals.
Solar cells for a solar energy panel

Evergreen Solar files for bankruptcy

U.S. solar company Evergreen Solar Inc filed for bankruptcy on Monday, its once cutting-edge technology falling victim to competition from cheaper Chinese rivals and to solar subsidy cuts in Europe.
Dell Streak

Dell Drops Streak 5 Tablet

Dell's confusion over tablet format has ended, as it retired its part-tablet and part-smartphone, the 5-inch Dell Streak, in favor of bigger tablets.
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Pakistan Let China See Crashed U.S. "Stealth" Copter

Pakistan gave China access to the previously unknown U.S. "stealth" helicopter that crashed during the commando raid that killed Osama bin Laden in May despite explicit requests from the CIA not to, the Financial Times reported on Sunday.
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China Bright Food to buy Manassen for over $516 million

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday.
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Markets heading to new danger zone: Zoellick

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.
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Zoellick warns markets heading to new danger zone

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.
World Bank Chief Robert Zoellick gestures while speaking at the Asia Society's annual dinner in Sydney

World Bank Head Warns Markets Heading to New Danger Zone

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that policymakers have to take seriously, the head of the World Bank said on Sunday.
Locke, new U.S. ambassador to China, stands with his family outside their residence as he speaks to the media in Beijing

Locke says China need not fret over dollar assets

China should rest easy that its investments in the dollar remain safe, the newly arrived U.S. ambassador in Beijing, Gary Locke, said on Sunday, adding that the world's two biggest economies could find common ground despite economic and political strains.
Residents demonstrate against a petrochemical plant in Dalian

China says will shut plant as thousands protest

Authorities in northeastern China on Sunday ordered a petrochemical plant to be shut down immediately after thousands of people demonstrated, demanding the relocation of the factory at the center of a toxic spill scare, state media said.

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