CHINA

Volkswagen to Build Two New Plants in China

Volkswagen to build two new factories in China

Volkswagen continues its quest to become the world's largest automaker with announcement of two new plants in China. The factories will each have the capacity to produce 300,000 vehicles annually. One will be in the eastern part of the country and one will southern China.

U.S.-India seek financial revamp

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Talks to modernize India's financial sector and allow major retailers like Wal-Mart into the country's vast consumer market opened on Tuesday between top U.S. and Indian financial officials.
China's Premier Wen gestures as he addresses a news conference with German Chancellor Merkel at the Chancellery in Berlin

China and Germany Sign Huge Trade Deals

On the final stop of a five-day visit to Europe, the Prime Minister of China Wen Jiabao has signed a huge multi-billion euro trading agreement with Germany.
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Europe's Lagarde set to win top IMF job

French Finance Minister Christine Lagarde looks set to emerge on Tuesday as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender.
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Honda CFO says profit forecast not conservative

Honda Motor Co's <7267.T> annual operating profit forecast is not conservative, given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday.
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StanChart keeps lid on costs, heads for record profit

Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc <2888.HK> on track for record profits in the first half of this year, up over 10 percent on a year earlier.
Apple to Launch Faster iPhone in September

Just one iPhone 5 coming in September

The anticipation for Apple's next generation iPhone 5 -- or in some circles, the iPhone 4s -- has exploded beyond a frenzy and reached more of a mania, with some observers not only predicting one phone, but two.
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Airbus set for multi-billion China order: sources

China could order dozens of Airbus jetliners during a visit by Premier Wen Jiabao to Berlin according to sources, but the deals are clouded by a spat between Beijing and Europe over aviation carbon tariffs.
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Google sees growing struggle over web censorship

Internet giant Google's tussles with some governments over Internet censorship could get worse, Executive Chairman Eric Schmidt said on Monday, adding he feared his own colleagues faced mounting danger of occasional arrest and torture.
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China's Wen signals doubt inflation goal can be met

Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.
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Berlin, Beijing to talk euro

Germany and China will discuss the euro and world currency system reforms during a visit by Premier Wen Jiabao, a German government source said, as Berlin said it would welcome more Chinese firms as long-term investors.
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China audits local government finances in debt clean-up

China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.
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China shows off latest high-speed train

With its fully reclining airline-style business class seats, a strict no-smoking policy and designed top speed of 350 km (220 miles) per hour, the new Beijing-Shanghai express embodies China's race to the future.

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