CHINA

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Chinese social networking firms eye U.S. IPO gold: sources

One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States next year, the first in a rush of Chinese Facebook clones looking to list.

China social networking co hires banks for U.S. IPO

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One of China's largest social networking companies, Oak Pacific Interactive, has hired investment banks for an initial public offering in the United States in the first half of next year, sources close to the matter told Reuters on Friday.

World stocks tick higher

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World stocks edged higher on Friday as investors grew more confident about the prospect for economic recovery following robust U.S. and Chinese data while Treasuries stabilized after a sell-off earlier this week.
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Wall St futures signal higher open

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1 to 0.3 percent, pointing to a firmer start on Wall Street on Friday.
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China made example of Nobel winner Liu: Wikileaks

China chose to make an example of Nobel Peace Prize winner Liu Xiaobo by jailing him for 11 years last year during a wider crackdown on dissidents, Spain's El Pais newspaper said on Thursday, citing U.S. diplomatic cables obtained by WikiLeaks.
Bayer headquarters in Leverkusen Germany.

Bayer seeks to more than double Chinese sales by 2015

German pharmaceuticals and chemical giant Bayer AG said it plans to invest 1-billion euros ($1.3-billion) in China in efforts to more than double sales in the country by 2015, as part of the company’s greater push into the Asia-Pacific region.
copper

Bullish scenario for copper: rising demand, tightening supply

Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
Liu Xiaobo And Liu Xia

China attacks US over Nobel, 19 countries set to miss the event

China attacked the U.S. congressional resolution on convicted Chinese dissident Liu Xiaobo, and urged U.S. policymakers to change arrogant and rude attitude. The country's foreign ministry maintained that Liu, who won this year's Nobel Peace Prize, was not arrested over his calls for democracy, but for the reason that he tried to destabilize the state. Meanwhile, the Nobel committee announced that as many as 18 countries have joined China in the boycott of the Oslo event.
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More U.S. billionaires pledge to give away wealth

Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
A Japanese national flag flutters near a gas flare from a factory at Keihin industrial zone in Kawasaki in this file photo.

Japan retains world's number two economy tag, for now

With emerging economic powerhouse China snapping at its heels, Japan on Thursday said it still remained the second-largest economy in the world, and raised its third quarter gross domestic product growth to 4.5 percent on an annual basis.
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Stock index futures signal more gains

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.3 percent and Nasdaq 100 futures up 0.2 percent. at 1051 GMT.
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More billionaires pledge to give away wealth

Another 17 U.S. billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates.
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Youku, Dangdang shares soar in debut

The shares of two Chinese companies considered that nation's YouTube and Amazon.com soared in their U.S. debuts on Wednesday as investors bet they could become leaders in a still-nascent market.

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