CHINA

Bernanke warns spending cuts could derail recovery

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Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc.
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China's fresh rare earths export quotas restore cuts

China on Thursday issued a second batch of quotas for exports of rare earths this year -- virtually making up for previous cuts -- after its commerce minister met with his EU counterpart to discuss this and other thorny issues between the two trading partners.
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China raises rare earth export quota, EU not satisfied

China eased export curbs for rare earths on Thursday, restoring it to near-2010 levels in a bid to appease its trading partners, but the European Union said the measure did not go far enough to address concerns of stable supplies.
Mac Lion OS

Mac OS X Lion's Release Date: Likely July 15 With Chance of July 26

The much-speculated July 14 launch of Mac OS X Lion turned out to be a non-event.Though Lion didn't roar as of yet, its snoring may not last so long anyway - the next rumors in line suggest Lion's launch as early as tomorrow, or all the way pushed back to July 26th.
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U.S. and China face vast divide on cyber issues

For two years, academic experts from the United States and China have quietly held talks on cyber-security, straining to establish rules of the road in a realm that has proven a persistent irritant between the world's two largest economies.
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China first-half fiscal surplus at $193 billion

China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues, the Ministry of Finance said on Thursday.
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As copper soars, thieves extract a price

When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages.
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Wall Street rises on Bernanke policy comments

Wall Street stocks rebounded from a three-day selloff on Wednesday as comments from Federal Reserve Chairman Ben Bernanke raised hopes for further stimulus of the U.S. economy if needed.
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Exclusive: China Telecom plans iPhone launch year-end

China Telecom Corp Ltd plans to offer its 106 million subscribers the Apple Inc iPhone by the end of 2011, sources said on Wednesday, which would make it the second operator to do so in the world's largest mobile phone market.
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Fidelity's Bolton flags China governance challenge

Anthony Bolton, one of Britain's best-known fund managers, said policing rogue executives was a far bigger task in China than in the West, as News Corporation's phone-hacking scandal thrusts corporate governance standards back into the spotlight.

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