CHINA

Starbucks signs pact to enter India

Starbucks Corp unveiled a deal that sets the stage for the world's largest coffee company to bring its iconic cafes to India, where Western-style coffee shops are increasingly popular.
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China's Changan Auto raises $530 mln in smaller deal

Changan Automobile (000625.SZ), a Chinese partner of Ford Motor (F.N), raised 3.5 billion yuan ($530 million) in a share offering after cutting the size of the deal by about 12 percent, the Chinese auto maker said on Friday.

U.S. warns on China cyber, anti-satellite capability

Advances by China's military in cyber and anti-satellite warfare technology could challenge the ability of U.S. forces to operate in the Pacific, U.S. Defense Secretary Robert Gates said on Friday during a visit to Japan.
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U.S. warns on China's cyber, space capabilities

Advances by China's military in cyber and anti-satellite warfare technology could challenge the ability of U.S. forces to operate in the Pacific, U.S. Defense Secretary Robert Gates said in prepared remarks on Friday during a visit to Japan.
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Spain fares better than expected at bond auction

Investors showed appetite for Spain's debt Thursday, pushing borrowing costs up less than expected at its debut debt auction for 2011 and alleviating some concerns about the euro zone's more vulnerable debtor nations.
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Gold falls after successful euro zone debt auctions

Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

Over 10 asset managers plan yuan funds in HK-sources

At least 10 asset managers are preparing to launch yuan-denominated funds in Hong Kong to tap robust overseas demand for yuan assets amid expectations of faster yuan appreciation and broader investment channels, two people with direct knowledge of the matter said.
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Uganda gets $350 mln Chinese loan for airport road

China is providing a $350 million concessionary loan to build a multi-lane toll road linking Uganda's capital with the country's Entebbe airport, 54 km (34 miles) away, Ugandan officials said on Thursday.
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Starbucks inks pact to enter India, source beans

Starbucks Corp , the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular.

China arrests 96 over tainted milk: source

Chinese police have arrested 96 people for using melamine-tainted milk powder to produce dairy products, state media said on Thursday, the same chemical that killed several babies in a milk powder scandal in 2008.

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