CHINA

LVMH record year fuelled by growing China appetite

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LVMH , the world's biggest luxury group, posted a 13 percent rise in fourth-quarter comparable sales boosted by Chinese shoppers' growing appetite for luxury goods and a steady rise in discretionary spending.
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As art market booms, some see the risk of bust

At the top end of the art market, the financial crisis seems a distant memory -- surging prices saw Christie's and Sotheby's post impressive 2010 results that were back to, or above pre-crisis levels.
Yum profits rise as China sales accelerate

Yum profits rise as China sales accelerate

Yum Brands Inc posted a quarterly profit that topped Wall Street's estimate, boosted by sales growth in China, its largest market, though labor and food costs there surged.
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Dow Chemical profit tops expectations

Brisk agricultural, plastic and electronic sales helped Dow Chemical Co, post a better-than-expected fourth-quarter profit, with earnings from joint ventures in the glass and energy sectors particularly strong.
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Gold eases as confidence in recovery gains traction

Spot gold was bid at $1,328.05 an ounce at 1300 GMT, against $1,336.00 late in New York on Wednesday. U.S. gold futures for April delivery fell $3.90 to $1,328.20. Concerns over the fallout from unrest in Egypt, where six people were killed after supporters of president Hosni Mubarak opened fire on protestors overnight, have underpinned prices, but have not sparked fresh investment, analysts said.
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Oil jumps on deadly Egypt clashes, inflation

Oil prices surged past $103 on Thursday as pro-democracy protests in Egypt turned violent, while commodities markets raced even higher, adding to worries of mounting inflationary pressures could threaten the global economic recovery.

U.S. presses China to honor trade promises

U.S. Commerce Secretary Gary Locke on Wednesday criticized China for failing to honor promises to open its market and said the United States would be pressing Beijing for better results in 2011.
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Asia infotech trade surged in financial crisis-UN

Asian exporters of computer and communications equipment in 2009 boosted their grip on the sector during the global financial crisis and now hold two-thirds of the trade, figures issued on Wednesday showed.

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