CHINA

Telefonica, China Unicom deepen alliance

Spain's Telefonica and No. 2 Chinese mobile operator China Unicom will deepen their strategic alliance by buying an additional $500 million stake in each other, the Spanish company said on Sunday.

China GDP seen rising 9.8 pct in 2011 - think tank

China's gross domestic product is expected to grow 9.8 percent in 2011, with inflation likely to stand at around 3.7 percent for the year, the official China News Service said, citing a government think tank.
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China to emerge as world’s top travel destination

The United Nation World Tourism Organization (UNWTO) predicts, China would become world’s largest destination in the next five to seven years, thanks to the country’s diverse culture, heritage sites, and culinary art that has a strong hold on tourists.
 Iran

Big powers leave Iran nuclear talks empty-handed

World powers failed to prise any change from Iran in two days of talks on its nuclear program, with the EU and United States calling the discussions disappointing and saying no further meetings were planned.

Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.
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Unbacked Money, 40 Years On

2011 will mark 40 years since the United States' government finally stopped redeeming its dollars for gold. That ended over 250 years of formal gold backing for the West's dominant currencies. It also took the entire world off precious-metal money for the first time in 5,000 years of civilization.

Immelt’s appointment has labor leaders concerned

Jeffrey Immelt’s appointment by President Obama to head his new White House economic council has some labor leaders concerned, given the perception that the boss of General Electric (NYSE: GE) is hostile to the union movement and is committed to outsourcing American jobs to foreign (cheaper) workers.

Iran draws red lines at outset of nuclear talks

Iran gave no sign of making concessions to world powers bent on coaxing it to curb its nuclear programme at talks on Friday, saying it would not discuss suspending sensitive uranium enrichment.

Hu visits U.S. heartland to tout business ties

Chinese President Hu Jintao took his political roadshow to the U.S. heartland on Friday, visiting Chicago to highlight business and cultural ties between the world's two largest economies.

China media lauds Hu's U.S. visit as masterstroke

Chinese media praised President Hu Jintao's visit to the United States on Friday as a diplomatic masterstroke in easing tensions, but reports largely ignored thornier questions of currency and human rights.

Donald Trump loves to hate China

Donald Trump, billionaire real estate mogul and outspoken critic of China, has been on a freewheeling China-baiting spree of late. The Chinese are not friends, but enemies, and that they do not understand niceness, Trump said in CNN’s Situation Room with Wolf Blitzer.

Japan presents upbeat economic outlook

The Japanese cabinet office said on Friday the economy is showing signs of growth momentum and that the exports sector has been helped by China's growth and strong recovery in the U.S.

Google’s newly announced CEO Larry Page will face challenges from Facebook, Apple

The main challenge that is going to grip Page is going to be the confrontation with Facebook, the world’s largest networking site which is closing in on 1 billion users. And another competitor would be Apple in terms of mobile advertising. Recently Facebook was in the new about the challenge it posses over Google in terms of advertising.

China rate hike looms as inflation becomes political issue

Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.

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