CHINA

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Japan exports accelerate, slowdown may be over

Japan's annual export growth picked up more strongly than expected in December as shipments to China jumped to a record high and auto demand in the United States recovered, reinforcing views that the economy will soon emerge from a lull.

Starbucks sees higher 2011 coffee costs

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Starbucks Corp, the world's largest coffee chain, expects rising coffee prices to hit profits more than it previously thought but stressed that it would not raise prices to cover the extra expense.
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South Korea names date for powwow with North

South Korea today proposed a time and place to meet with North Korea, following an agreement the nations reached last week to resume talks. The meeting is projected to take place on Feb. 11 in the Demilitarized Zone that separates the two nations.

U.S. students lag in science, tests say

In his State of the Union address last night, President Obama devoted several lines to the slumping stature of U.S. education, by our own standards and globally.

Medvedev defends Russia in Davos keynote speech

In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.

SOHO China sees little impact from property curbs

China's harsh measures to cool its booming property market is having limited impact on prices, property developer SOHO China's (0410.HK) chief executive said, underscoring the government's difficulty to curb credit growth on all fronts.

Gree to tie-up with China's Tencent Holdings

Japanese mobile social gaming firm Gree Inc said Wednesday it would tie-up with China's Tencent Holdings, giving it access to a market where 120 million people already play mobile games.

Trust in business tumbled in 2010: survey

Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.

Pakistan decries help for India nuclear arms plans

Pakistan warned major powers on Tuesday against granting rival India membership of four key multilateral export control regimes that allow trade in nuclear and other materials, as proposed by the United States.
Road transport minister Kamal Nath speaks in New York, May 8, 2008

Cabinet reshuffle boosts focus on urban growth

A ministerial reshuffle has signalled India may give sorely-needed focus to the development of its burgeoning cities, whose erratic expansion is seen as a major brake on economic growth.
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LG Elec posts record loss on phones, TVs

South Korea's LG Electronics reported a record quarterly loss on Wednesday, as its phone business remained weak and its TV division also lost money, hurt by steep price declines in television.

China banks ratchet up lending rates to ration credit

Some Chinese banks have drastically raised interest rates on loans to comply with government orders to rein in credit growth after another lending surge at the start of the year, state media reported on Wednesday.

Analysis: China prism focuses Pentagon budget on new weapons

China's test flight of a prototype stealth fighter will help insulate U.S. weapons spending against deeper cuts sought by deficit hawks and add momentum to efforts by Defense Secretary Robert Gates to redirect precious budget dollars to future threats.

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