CHINA

China to guard bond investors from government shuffle

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China has ordered companies that have issued bonds to submit any asset restructuring plans to bond holders for approval, sources said, as Beijing steps up its efforts to rein in the risks from a mounting pile of local government debt.
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Alibaba, Yahoo, Softbank reach pact over Alipay

China's Alibaba Group said it has reached an agreement with Softbank Corp and Yahoo Inc that promises Alibaba could receive up to $6 billion from an initial public offering or liquidation of its e-payment unit, Alipay.
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Angry Birds Developer eyes China market

Rovio- the Angry Birds maker, and Madhouse- the largest mobile advertising network in China are collaborating to make the most of the growing mobile marketing in China.
House Speaker John Boehner departs the Republican caucus meeting on Capitol Hill in Washington

Republicans Race to Revive Debt Plan

Republican leaders will scramble to rescue their budget deficit-cutting plan on Friday after conservatives mounted a rebellion that heaped uncertainty on efforts to avert a catastrophic debt default.
Alleged iPhone 5 Design Drawing

iRumor Reloaded: 'Apple iPhone 5 Release in 2nd Week of September; iPad 3 by Thanksgiving?

It is time for another round of iRumors. Apple had upset the proverbial apple cart of iPhone fans by breaking with the tradition of releasing the latest iteration of its flagship product in June Developers Conference. Ever since, rumors have prevailed. The latest rumor suggests Apple iPhone 5 will be released in the second half of September. The same source says the latest version of Apple's iconic tablet iPad will hit shelves by Thanksgiving.
The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington

Republican rebels force new delay in debt crisis

Urgent efforts to avoid an unprecedented U.S. debt default suffered a new blow on Thursday when some fiscally hardline Republicans blocked a budget deficit plan proposed by their own congressional leaders.
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No sexy girls please, China tells online game fair

SHANGHAI (Reuters Life!) - Hemlines are a little longer at this year's annual online gaming fair in Shanghai, as companies take to heart a government directive against vulgarity, a Chinese newspaper reported on Friday.
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Rare Dinosaur Fossil Found Complete in Alaska

Scientists in Alaska have discovered the most complete leftovers of rare dinosaur fossil ever found in North American excavation history, known to be a thalattosaur, a prehistoric marine reptile which went extinct 200 million years ago in the Triassic Period.
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China pork buying talk lifts hogs

U.S. hog futures advanced on Thursday on renewed talk China may be seeking more U.S. pork, record high wholesale pork prices and higher live cash hog markets in the U.S. Midwest.

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