CHINA

Chinese president upbeat on eve of U.S. summit

Chinese President Hu Jintao will meet U.S. President Barack Obama in Washington this week for a summit. The two leaders are expected to discuss a wide range of issues including global trade and currency valuations.

Seoul shares seen cautious after China tightening

Seoul shares are likely to open cautiously on Monday after the latest move by China to tighten monetary policy, while crude refiners and airlines may be tracked on crude oil prices' continued gains.

BOC Group unit eyes $296 mln yuan-REIT spinoff -paper

Bank of China Group Investment is expected to spin off its China rental properties through a yuan-denominated REIT listing in Hong Kong, to raise more than HK$2.3 billion ($296 million), the Apple Daily reported on Monday.

Gold rebounds from sharp fall after China move

Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.
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Freezing rain, snow may derail China holiday travel

Rain, snow and ice are forecast through Friday in many parts of China and could disrupt travel plans for millions who aim to get on the road ahead of the Lunar New Year holidays, state media reported on Sunday.

China's Hu upbeat, but resists US yuan concerns

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
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Dampening the U.S.-China fireworks

Chinese President Hu Jintao's visit to Washington this week may be the calm after the storm when it comes to economic relations between the world's two biggest economies.

Travel Picks: Top 10 budget boutique hotels

Budget travel and staying at boutique hotels don't have to be mutually exclusive with a little research. Online boutique travel brand Mr & Mrs Smith (www.mrandmrssmith.com) selects 10 top boutique hotels around the world which won't cost the earth. All double rooms from less than $240. Reuters has not endorsed this list:
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China's Hu upbeat in interview on eve of U.S. summit

Chinese President Hu Jintao called on Sunday for an end to zero sum Cold War behavior and suggested new cooperation with the United States in areas like energy, infrastructure development, aviation and space.
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OPEC ready to act but not due to speculators: report

OPEC is ready to act to address supply shortages in the oil market but not to counter price moves caused by speculation, Secretary General Abdullah al-Badri told an Austrian newspaper. The group is monitoring the situation closely, and OPEC will intervene to stabilize the market if the market is imbalanced. OPEC will not intervene because of speculators, he told Wirtschaftsblatt in excerpts of...

China's economy grew 10.1 pct in 2010 -official

The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency told Reuters on Saturday, which amounts to the fastest pace of annual growth in three years.

China has little choice but to buy US$ -CIC exec

China should not worry about being too heavily invested in the dollar and U.S. government debt, because its dependence is not unique in a world with few alternatives, a senior official at China's sovereign fund said.

U.S.-China summit must deliver real results - Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.

China raises bank reserves; more tightening seen

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months, stepping up the fight against inflation that it has vowed will be a top priority for the year.

U.S.-China summit must deliver real results: Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.
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Geithner: real yuan appreciation substantial

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.
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Arcelor, Nunavut unite in C$590 million Baffinland bid

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.

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