CHINA

New China Life files for up to $4 bln IPO-sources

New China Life files for up to $4 bln IPO-sources

New China Life, the third-largest life insurance company in China, has filed its listing application with the Hong Kong stock exchange, setting the stage for a planned IPO of up to $4 billion in Hong Kong and Shanghai, sources with direct knowledge of the plans told Reuters on Thursday.

China says price pressures peaking, risks remain

China says price pressures peaking, risks remain
China's price rises may have peaked but the country still faces inflationary risks, including the possibility of a new round of monetary easing by the United States, China's top economic planner said on Wednesday.

Is China left holding the credit baby?

Chinese companies on a Foreign Foray
August's dramatic financial shock, which is now both feeding off and risks fueling another economic downturn, may well introduce a third phase of the four-year-old global credit crisis -- the infection of the ultimate creditors.
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The chemical Gamma-Butyrolactone (GBL), used to make the date rape drug GHB, is shown in this plastic container in this undated photograph released by officials

Customs agents seize "date rape" drug at LA airport

Customs agents have seized three gallons of a chemical used to make the date rape drug GHB at Los Angeles International Airport amid a surge in illegal shipments of the intoxicant, authorities said on Wednesday.
An employee of the Tokyo Stock Exchange is seen at the centre where it monitors stock trading, at its headquarters in Tokyo

U.S. Stocks Fall, Enabled by Weak Economy

World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.
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China freezes new railway projects after high-speed train crash

China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a deadly crash between two high-speed trains last month, Premier Wen Jiabao was quoted as saying by state media Wednesday.
Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo

World stocks claw back ground on Fed rates pledge

World shares clawed back more ground on Wednesday as investors rattled by a run of heavy losses took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.

China's Aircraft Carrier 'Varyag' Sets Out for Sea Trial

China's first aircraft carrier -- which attracted worldwide attention among fears that the second-largest economic powerhouse in the world is rapidly bolstering its military powers -- set sail on Wednesday for its sea trial.
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China July exports hit record high, surplus swells

China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
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China July exports top forecast, surplus swells

China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
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BHP Billiton sees weak European, U.S. growth for years

BHP Billiton , the world's biggest miner, expects weak growth on both sides of the Atlantic to persist for many years as Europe and the United States deal with their debt crises, heightening the reliance on China's fast-growing economy.

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