CHINA

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Apple starts iPhone 5 production UPDATE

The next generation of Apple's smartphone -- whether called the iPhone 4s or the iPhone 5 -- is starting to hit factories, analyst say, winding up for a September release date.

Yahoo, Alibaba, Softbank say making progress on Alipay

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Yahoo Inc, China's Alibaba Group and Japan's Softbank Corp said on Wednesday they have made substantive and encouraging progress toward an agreement over the ownership of the Chinese company's Alipay e-payment unit.
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Ryanair boss sees China catching Airbus, Boeing

Chinese manufacturers are set to take a significant bite out of the global market for short-haul planes by 2016, and will then catch up with Airbus and Boeing, the head of Europe's largest low-cost airline said on Tuesday.
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Korean Air announced to buy Bombardier's Cseries aircraft.

Korean Air announced Tuesday at the Paris Air Show, to buy Bombardier's C series aircraft, the value of the order is valued at US$616-million based on list price, but could swell upto US$1-billion if all the orders comes to a definitive.
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Scandals or not, VC firms still love China Net startups

The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's So-Lo-Mo and luxury e-commerce sectors.
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Chinese banks falter as slowdown, tightening bite

Shares of major Chinese lenders China Construction Bank <0939.HK> and Agricultural Bank of China <1288.HK> fell to multi-month lows on Tuesday, hit by potentially souring loans, an economic slowdown and tighter capital requirements.
Heavy rains forecast for China after floods kill dozens

Chinese met office forecasts more rains

China's National Meteorological Center on Tuesday forecast more rainfall in flood-hit areas of central and southern China after millions of people were forced to evacuate their homes.
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Investors grow worried about China, Europe: Barclays

Investors are increasingly worried that troubles in the euro zone and China will hurt global economic growth this year, curbing gains in equity and commodity markets, a Barclays Capital survey showed on Monday.
China food prices spike as floods ruin farmland

Floods devastate China, drive up cost of food

Rainfall expected to boost China's agricultural production have instead caused widespread flooding, increased food prices and caused death in the East and South of the People's Republic.
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Embraer sees chances of Delta order

Brazilian planemaker Embraer sees good chances of firm orders from U.S. carrier Delta Air Lines, which will likely make a decision to renew its fleet by October, a top company executive told Reuters on Monday.

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