CHINA

China to buy 6 billion euros of Spanish debt: report

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Chinese Vice Premier Li Keqiang has said his country is willing to buy about 6 billion euros ($7.9 billion) of Spain's public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.

U.S. recovery hopes drive developed stocks

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Developed market stocks climbed on Thursday on hopes for renewed U.S. economic growth, although the dollar and emerging markets steadied, unwilling to push a rally further ahead of more data on Friday.
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Nikkei rallies, others subdued ahead of U.S.

The Nikkei rallied on Thursday as investors snapped up shares of Japanese exporters after the dollar hit two-week highs against the yen, but markets elsewhere in Asia were more subdued ahead of the influential U.S. non-farm payrolls report.
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A Chevron tanker truck unloads gasoline into underground storage tanks in Burbank

Can US drill its way to low gasoline prices?

Former Shell Oil CEO John Hofmeister's prediction a fortnight ago that retail gasoline prices would hit $5 per gallon by 2015 has gone viral since then, drawing attention largely on the U.S. drilling policies but also spooking consumers and polarizing analysts in the process.
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (R) and Governor of People's Bank of China Zhou Xiaochuan seen in this file photo.

IMF's Lipsky outlines road map for global economy in 2011

John Lipsky, the first deputy managing director of the International Monetary Fund (IMF), has said 2011 will be a pivotal year for the global economic recovery and for international policy cooperation, adding that it's also a crucial year for the Fund as it will try to address these principal challenges.
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Toshiba plans big push on glasses-free 3D TV

Toshiba Corp will begin selling large-screen glasses-free 3D television sets in fiscal 2011 and plans to start marketing the groundbreaking devices beyond its home turf of Japan, executives said on Tuesday.
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China state newspaper's Web unit plans IPO

People.com.cn, the online news portal run by People's Daily, the mouthpiece of China's Communist Party, aims to list in Shanghai this year, the state-run China Daily reported on Wednesday.
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Japanese researches clone rare earth metal

Japanese researchers at the Kyoto University have broken the rare earth import jinx as they have created a new alloy which resembles rare metal palladium, bringing a sigh of relief to countries depending on Chinese exports of rare earth metals.
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Online health info popular but often unchecked

The number of people looking for health information online is set to soar as workers return from holiday breaks, but few will check where the information comes from, according to an international survey on Tuesday.
Trader Peter Tuchman looks up at a screen on the floor of the New York Stock Exchange

Three reasons to be bearish on the stock market

Recently, investors have been wildly bullish on the U.S. stock market. However, extremely bullish sentiment often precedes a reversal of fortune for the stock market and there are fundamental reasons to be bearish on the stock market.
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GM Dec sales up, industry on upswing into 2011

U.S. auto sales rose to the highest rate in 16 months in December as major automakers forecast the recovery would gather momentum in 2011 despite the drag from a weak housing market and rising oil prices.
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Wipro to make India’s fastest supercomputer in 3 months

India’s third biggest software services company Wipro Ltd is building the nation’s fastest supercomputer for space agency Indian Space Research Organization (ISRO) to help the agency crunch large volumes of data that is critical for designing complex launch vehicles.

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