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Swatch Group may struggle to hit 2011 sales guidance

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Swatch Group, the world's largest watchmaker, will struggle to meet its 2011 sales guidance of 7 billion Swiss francs ($8.23 billion) if the franc remains at such high levels, Chief Executive Nick Hayek said.
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China hikes power prices as shortages loom

China has raised power prices for industrial, commercial and agricultural users in some regions by about 3 percent in an attempt to ease what threatens to be the worse power shortage in seven years in the world's second-largest economy.

China turns to wind power, to install largest turbine soon

Tao Gang, vice-president of Sinovel Wind Group Company Limited, the largest turbine manufacturer in China, said on Monday the company has developed a 6MW wind turbine prototype that can be used in onshore, offshore and inter-tidal wind farms, a Xinhua report said
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Samsonite sets price range for $1.5 billion HK IPO: sources

Luggage maker Samsonite, backed by private equity firm CVC Capital Partners , moved closer to a $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday as it bet on booming Asian demand for global consumer brands.

Vietnam flays China over damage to seismic survey ship

Vietnam, accusing China, told Reuters on Sunday that its navy would do everything necessary to protect its territorial integrity after three Chinese patrol boats confronted and damaged an oil investigation ship operated by PetroVietnam, the state-owned oil and Gas Company.
Billionaire financier George Soros

Top 5 Bogeymen Americans Dread

Adult Americans have their own bogeyman – those shadowy, poorly-understood, but powerful things that are out to get them.

Why gold demand is surging in China?

Chinese gold demand is expected to exceed 700 metric tons in the next several years and sharply outpace domestic production. Annual gold production in China, world’s second largest consumer of precious metal, is expected to reach 400 tonnes by 2014 with demand at 700 tonnes, signaling room for a strong ramp up in imports.
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Severe China drought triggers 'Yellow Alert'

The persistent drought that has been affecting many southern China regions, kept the country's National Meteorological Center, maintaining its Yellow Alert high, say reports.

Top 10 reasons why North Korea should be refused food aid

North Korean food crisis is no longer news, but this year it has made unusual public pleas for food aid. Should North Korea get food aid or not? While the easy answer to the heartrending stories of North Korean's plights may be unconditional food aids, there are more significant factors, complex and indispensable for the ultimate well-being of the North Koreans in the long run, to be considered.

5 Ridiculous Things People Steal

Most people think thieves just steal ‘normal’ things like cash, jewelry, watches, and cars. However, a combination of greed, amorality, and desperate times – as well as demand for potential customers – has driven creative thieves to steal some pretty ridiculous things.

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