CHINA

POSCO warns of slow steel demand, high costs in H2

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POSCO <005490.KS>, the world's No.3 steelmaker, warned of weakening demand growth and persistently high input costs in the second half, after posting a 17 percent fall in quarterly operating profit.
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POSCO meets forecast but warns of slow demand, high costs

POSCO <005490.KS>, the world's No.3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.
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Japanese tech giants aim to bounce back from quake

Japan's major consumer electronics makers are expected to show April-June earnings collapsed due to the March earthquake, but focus is turning to whether they can meet their forecasts for a swift recovery, given a fragile global economy.
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Fake Apple Store in China even fools staff

Chinese counterfeiters have had a field day pumping out knockoffs of Apple Inc's best-selling iPhones and iPads, but one appears to have gone a step further -- a near flawless fake Apple Store that even employees believe is the real deal.
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Wendi Deng and Rupert Murdoch: True Love? [PHOTOS]

Wendi Deng Murdoch became an international sensation on Tuesday when she acted as a human shield between her husband, Rupert Murdoch, and a shaving cream pie thrown by a protestor at Murdoch's parliamentary hearing.With lighting-fast reflexes, Wendi leapt out of her chair and slapped away Rupert's would-be attacker.The hearing - which the media mogul called the most humbling day of his career - probed the hacking scandal at News Corp, Rupert's publishing empire...
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Signs of global slowdown mount; debt crisis weighs

Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
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Stock futures flat, Intel a drag on Nasdaq

Stock index futures were flat on Thursday as investors awaited details on a second rescue package for Greece, though weakness in technology shares kept Nasdaq futures slightly negative.
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Global slowdown signs strengthen, debt crisis weighs

Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy.
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Stocks off highs, euro up before EU summit

World stocks held below a 1-1/2 week high on Thursday after a disappointing services sector survey in the euro zone while the euro ticked up as investors awaited details of a Franco-German deal on a Greek bailout at a European summit later.
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China factory sector shrinks, IMF finds world worried

China's factory sector shrank for the first time in a year in July, a survey showed on Thursday, feeding worries among the country's main trading partners that its growth is unsustainable and could lead to a slump.
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Blogger Exposes Fake Apple Store in China

An American blogger living in China has exposed fake Apple stores thriving in the country. The fake Apple Store in Kunming, the capital of southwestern Yunnan province, looked exactly like those genuine retail stores run directly by the consumer electronics giant, and even the liveried employees believed that they were Apple employees.
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Euro up before EU summit; China data hurts stocks

The euro climbed for a third day on Thursday after news about a France-Germany accord on Greece's debt crisis relieved some concerns ahead of a European summit, while Asian stocks slipped after China manufacturing data contracted for the first time in a year.
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China factory sector shrinks in July, first time in a year

China's factory sector contracted for the first time in a year in July and at its fastest pace since March 2009, a purchasing managers' survey showed on Thursday, as monetary policy tightening and slack global demand weighed on the economy.

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