CHINA

U.S. unlikely to push China hard on currency issue

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The United States will continue nudging China at top-level talks in Beijing next week to let its yuan currency appreciate but trade issues appeared to be higher on the U.S. agenda ahead of the sessions.
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Deere profit tops expectations, raises outlook

Deere & Co reported a stronger-than-expected quarterly profit on Wednesday, and raised its full-year outlook, citing improving business conditions including a recovery in the hard-hit market for construction equipment.
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Monks hired to aid suicide workers at iPhone factory

100 counselors and Buddhist monks were hired by the Taiwanese company that manufactures iPhones for Apple to reduce stress among its workers after reported cases of suicides at it Chinese factories this year.
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Wal-Mart beats Street but warns on outlook

Wal-Mart Stores Inc's quarterly results beat Wall Street expectations, as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 3 percent.
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Euro dips on persistent fears, stocks shaky

The euro dipped on Tuesday, struggling to pull away from four-year lows hit on Monday, and Asia stocks fell to three-month lows as persistent worries about the euro area's fiscal health weighed on investor sentiment.
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Forex - China is committed to improving yuan -foreign ministry

China is committed to improving its exchange rate system based on domestic and international economic conditions, a foreign ministry spokesman said on Tuesday. Ma Zhaoxu was responding to a question at a regular press briefing about how the yuan will figure in next week's Strategic and Economic Dialogue with the United States.
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Google faces probes over data it collected: report

Google Inc could face inquiries from German and U.S. officials following the company's disclosure it had mistakenly collected sensitive data sent by consumers over wireless networks, the Financial Times reported on Tuesday.
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GM posts profit as production snaps back

General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.
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Volkswagen's 4-month sales powered by China again

Volkswagen, Europe's largest carmaker, sold 2.34 million vehicles for an increase of 21 percent during the first four months, thanks mainly to China -- destination for more than a quarter of its volume.
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Platinum, palladium price woes for India car makers

Platinum and palladium prices have witnessed a big surge in the recent past following the increased demand from auto sector in China and India. But this surge has hit the auto makers in India in a big way. Due to increased competition in Indian market car makers in India have been witnessing a price war. At that time the steel prices soared and along with that platinum and palladium prices also shot up.
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U.S. sees record capital inflow

Foreigners bought a record $140.5 billion of long-term U.S. securities in March, the Treasury Department said on Monday, and more than doubled purchases of U.S. government bonds.
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Prudential prices record cash call

British insurer Prudential Plc unveiled a $21 billion cash call as it tried to put its takeover of AIG's Asian unit back on track and launched a charm offensive to woo wary shareholders.
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Apple's iPhone replaces BlackBerry for some bankers

British bank Standard Chartered is replacing the BlackBerry, currently its standard corporate communications device, with the iPhone, a move that could eventually result in thousands of bankers switching to the Apple device for business communication on the go.
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UK's Pru prices $21 billion cash call

British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG's Asian unit.
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China's growth passes peak and more tightening feared

A leading Chinese economic indicator showed that growth may have already peaked in the world's third-largest economy with the stock market falling on investor worries about the government's campaign to rein in property prices.
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AU sees LCD shortage, eyes China deals

HSINCHU, Taiwan May 17 - AU Optronics Corp, Taiwan's No. 2 LCD maker, said an LCD panel shortage is likely to last into the second half of this year on robust demand for PCs and TVs, even though fears linger about a weak euro.
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Euro plumbs 4 year low

The euro sank to four-year lows on Monday as angst over Europe's debt crisis led investors to pull more money from stocks in favor of havens such as gold and Asian bonds.
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Gold sales dip in India, climb in China

World's two largest gold consumers, India and China, have different figures to offer as afar as gold sale is concerned last week. Global leader in gold consumption, India witnessed not so impressive figures last week as traditional gold buying festival 'Akshaya Trithiya' fails to boost sales. The festival, which is more popular in south India, is the second-largest gold buying day in the world's largest market for gold.
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China's Web firewall should be WTO issue: EU's Kroes

China's Internet firewall is a trade barrier and needs to be tackled within the framework of the World Trade Organization, Neelie Kroes, vice-president of the European Commission, told reporters in Shanghai on Monday.

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