CHINA

China's Tudou IPO prices within range

China's Tudou IPO prices within range

Chinese online video company Tudou Holdings Ltd (TUDO.O) priced shares in its initial public offering within the expected range on Tuesday, even though investor sentiment toward U.S.-listed Chinese stocks and the recent stock market turmoil had suggested it would be difficult.

Euro and Tech Stocks Lose Ground in Asia

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The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.

Brent Crude Rises on Encouraging U.S. Figures

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Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
One-hundred Yuan notes are seen in this picture illustration in Beijing

China Paper Prods U.S. to Act on Debt Situation

As Biden arrives in Beijing, China warns the United States must shoulder its responsibilities and take steps to soothe China's concerns over the security of its U.S. government debt holdings.
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A boy watches through a window of an Amtrak train from Birmingham to Anniston

U.S. Infrastructure Woes: A Roadblock to Growth

Long famous for its top-notch highways and passion for cars, the United States is letting bridges rust as traffic chokes overburdened roads, threatening a pillar of its economic strength.
Perseid Meteor Shower

A View of a Shooting Star From Space or From Earth: Which is More Spectacular? [PHOTOS]

Astronaud Ron Garan generously shared his photos of the Perseid meteor shower this weekend -- taken from outer space.Garan is aboard the International Space Station Garan is as part of the Expedition 27 crew, which launched in April."What a 'Shooting Star' looks like #FromSpace," Garan said in his tweet of the photograph. At the time of the photograph, the space station was orbiting over China, a few hundred miles northwest of Beijing.Every year in mid-August, the Earth ...
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.
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U.S. debt still safest place for China reserves: top banker

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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Zoellick: Governments should deal with global debt woes

The World Bank called for national governments to seek long-term debt curbs on Tuesday 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.
A worker prepares traditional Chinese herbal medicines at Beijing's Capital Medical University Traditional Chinese Medicine Hospital

Chinese Herb Mix May Shorten Flu Fever

In mild cases of H1N1 influenza, a traditional Chinese herb mixture may relieve a fever about as well as the antiviral drug Tamiflu, researchers reported Monday.
An employee stands inside a fake Apple Store in Kunming, Yunnan province July 22, 2011.

Fake Apple Store Count in China Reaches 22, One 'Smartens' Up

Despite some exterior changes, reported photos hint that the inside of at least one out of 22 imposter Apple stores with familiar wooden tables and Apple-like signage, remain unchanged. A blog that gained international attention for calling out the bogus stores led to the closure of two fake Apple stores by Chinese officials in July.
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NY factory index contracts for third month

Manufacturing in the New York area contracted for the third straight month in August, data showed on Monday, tempering any lingering hopes for a rebound in the U.S. economy in the second half of the year.
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.

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