CHINA

De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
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The New York Stock Exchange

Deutsche Boerse-NYSE deal faces antitrust snags

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperiling the blockbuster exchange tie-up.
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Beijing moves to tighten rare earth production

China has created a state planning zone covering the country's biggest rare earth mines in a move to cut production of the vital rare mineral elements used for numerous high-tech goods, the official Xinhua news agency reported on Thursday night.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.
China Forestry CEO's assets frozen by regulator

China Forestry CEO's assets frozen by regulator

Hong Kong's securities regulator is seeking to freeze the assets of the chief executive officer of China Forestry Holdings Co Ltd , which is being investigated for accounting irregularities, a court document showed.

China energy firms' gas acquisitions

PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.
U.S. group sets oil talks with China

U.S. group sets oil talks with China

A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.
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Spy arrest a warning to Taiwan on China ties

The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.
China snows bring limited relief to drought-hit areas

China snows bring limited relief to drought-hit areas

Snow across some drought-hit parts of north and central China brought limited respite from a drought threatening winter wheat crops that has fueled talk of higher global prices, state forecasters said Thursday.

Treasury intensely focused on China's yuan

The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.

Lawmakers try again for China yuan bill

A bipartisan group of 101 lawmakers in the House of Representatives launched a new bid on Thursday to pass legislation aimed at pressuring China to let its yuan currency rise in value.
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U.S. Treasury intensely focused on China's yuan

The U.S. Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.
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Anti-computer hacking bill coming in Congress

Strengthening cybersecurity is the goal of legislation being introduced in Congress after reports of hack attacks on computer networks at Nasdaq OMX Group and at oil and gas companies.
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World Equities Fall, ECB Buys Portugal Debt

World stock markets fell hard on Thursday, with Hong Kong shares losing 2% and London's FTSE100 dropping 0.9% by lunchtime. Indian stock markets have lost more than $20 million per minute so far in 2011, the Economic Times reports, with billionaire Anil Ambani blaming vicious and illegal rumors.
Indian

India and Pakistan say peace talks to resume

India and Pakistan said on Thursday they would resume formal peace talks but issues such as militancy and the disputed Kashmir region are likely to slow any progress towards defusing tensions.

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