CHINA

Allegations against Chinese companies to continue: Fitch

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Allegations of fraud and accounting irregularities at Chinese companies are likely to continue for at least the near term and the accusations may hamper the firms' access to funds regardless of the claims' merit, Fitch Ratings said.
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Samsung LED files complaint against Osram in U.S.

Samsung LED Co. Ltd. said it had filed a complaint with the U.S. fair trade commission to ban imports of LED products from Siemens' (SIEGn.DE) light bulb unit Osram and affiliates Osram Opto Semiconductors and Osram Sylvania Inc.

Volkswagen Sets New Sales Record

Deliveries for Europe’s largest car company rose by 14 percent over the same period last year, driven primarily by solid growth in Asia.

Gold Price Set to Zoom to Higher Records on Possible Dollar Sell-Off, EU Soverign Crisis

If the Fed wades further into muddy stimulus waters, that will set the stage for a certain gold boom in the short to medium term. Historically, a dollar sell-off has been the biggest force behind a gold boom. If the Fed takes recourse to another round of easing in pursuit of its goal of propping up job creation and real growth, it will inadvertently cause a dollar sell-off and trigger, in turn, a gold super rally.
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo.

Another Gold Boom in Sight: Chinese Inflation, Dollar Sell-off and Sovereign Debt Crisis Set Perfect Stage

The setting is perfect for another gold boom cycle to kick in, perhaps pushing the yellow metal into a super cycle. There are several factors aiding gold's further push into higher price records, greater investment worth and long-term reign as a de facto currency. There are all sorts of classic factors supporting gold all the way, like the demand from China and India bursting at seams, continued worries for the US dollar and the worrisome prospect of sovereign default in some European countri...
Stephen Curry

Warriors Rumors: Stephen Curry to play basketball in China

The ongoing NBA lockout has gone on for more than two weeks now, and players around the league are considering playing overseas while the labor dispute continues. Golden State Warriors star point guard Stephen Curry could be one of those players, playing basketball in China.
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Networked restaurants: from finance to funky tunes

Making money from social networks is the holy grail for tech startups, and a Moscow firm reckons it has found a way to do so by creating a front-to-back restaurant management system that includes a loyalty scheme.

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