CHINA

A high speed bullet train runs past a railway bridge as workers use cranes to lift a wrecked carriage

China launches safety campaign after deadly train crash

China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway operations and apologised for the accident which killed 39 people, state media reported on Tuesday.

South African strikes to spread to gold sector

Mine workers emerge from the pithead at the Harmony Gold mine in Carletonville, west of Johannesburg,
South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
Gold steady below record; debt talks eyed

Gold steady below record; debt talks eyed

Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.
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UPS profit up, keeps outlook despite economy

United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.
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Nissan to invest $7.8 billion in China by 2015

Nissan Motor <7201.T>, the largest Asian automaker in China, plans to invest 50 billion yuan ($7.8 billion) there by the end of 2015, as it accelerates its expansion in the world's largest auto market.
Copper concentrate supply to China seen up on Oyu Tolgoi

Copper concentrate supply to China seen up on Oyu Tolgoi

Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.
Nissan says aims to nearly double China sales by 2015

Nissan says aims to nearly double China sales by 2015

Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.
The Chilean rescued miners and members of their rescue team pose in front of the Phoenix 2 capsule that was used in the rescue of the 33 trapped miners at La Moneda government palace in Santiago

Mike Medavoy making movie about Chilean miners

The Chilean miners who were trapped underground for 69 days last year have sold their life rights to producer Mike Medavoy, who will begin production on a movie about the 33 men this year.
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Baidu sees strong third quarter on China ads

China's top search engine Baidu Inc forecast revenue well ahead of Wall Street's expectations as large advertisers increased spending, sending its shares up around 7 percent.
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Fed's QE2 had limited spillover effects, IMF says

The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.
Gold bars are pictured

'Thanks to Fed?s War on Dollar, Gold will Reach $2K an Ounce This Year'

Another impasse at the U.S. debt ceiling talks caused gold to touch new highs on Monday. Spot gold rose to a record $1,622.49 per ounce, an increase of 1.1 percent, as investors became nervous about the possibility of a U.S. rating downgrade. There are analysts who believe that irrespective of whether there will be a debt deal in the U.S. or not, gold will continue to rise higher, basically because of the residual weakness of the dollar.

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