CHINA

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Hu says China will stick to its own yuan path

BEIJING, April 13 (Reuters) - Chinese President Hu Jintao told U.S. President Barack Obama that Beijing would firmly stick to its own path for reforming the yuan's exchange rate, focusing on China's economic and social development needs.

China all set to build third West East Pipeline project

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China is all set to start building its third West East Pipeline project by the end of this year, according to an official statement. The pipeline is designed to transmit 30 billion cubic meters of gas annually. It will also act as a catalyst for delivering imported natural gas from Central Asia, it said.
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Global space business grew 7 percent to $262 billion in 2009

The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.
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Sharp to launch 3D TVs this summer

Japan's Sharp Corp said it would begin selling 3D TVs this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next hit product.
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Euro surges on Greek aid, stocks climb

The euro posted its sharpest daily gain in two months on Monday and Asian stocks hit 22-month highs after a giant emergency aid plan for Greece boosted demand for riskier assets across the board.
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China 3G standard phone sales to surge

Sales of cellphones using China's own 3G standard (TD-SCDMA) will grow 7-fold this year, boosted by China Mobile's push of new phones and services, research firm Strategy Analytics said on Monday.
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Google CEO: Tech silence in China spat no shock

Google Inc has not been surprised at the lack of public support in Silicon Valley as it faces off with China over hacking and censorship, the company's chief executive Eric Schmidt said on Sunday.
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Tech earnings look strong, but may not satisfy

Investors are expecting strong quarterly results from major U.S. technology companies over the next few weeks, but a stronger dollar and elevated expectations could mute any effects on stocks.
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China's SAIC to roll out hybrid cars this year

SAIC Motor, China's largest automaker, plans to roll out its first self-developed hybrid car this year, followed by a plug-in hybrid car in 2012, a senior executive said on Thursday.
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Banks scramble for role in $20 billion AgBank IPO

Six weeks after suffering a huge disappointment with the loss of AIA's massive IPO, equity capital markets bankers in this region received an unexpected present in their inboxes from one of China's largest banks.
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Nokia to launch music download service in China

Nokia will launch its music download service in China, the world's largest mobile market, looking to emerging markets to invigorate the struggling service that competes with Apple's iTunes.
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China hints at readiness to let yuan rise

U.S. Treasury Secretary Timothy Geithner will hold talks in Beijing on Thursday against a background of fresh signals from Chinese policymakers that they might be paving the way to let the yuan resume its rise.
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Argentina asks China to review soy oil imports ban

In an attempt to end trade dispute with China, world's top soy oil exporter Argentina asked the dragon nation to suspend its decision to halt soy oil imports. Argentina's foreign ministry in a statement said the decision is of great concern and urged Beijing to suspend the measure and ensure it does not come into force. Last week, a Chinese trade body urged traders not to buy Argentine soy oil in retaliation for the country's decision to restrict imports of Chinese products ranging from shoes to...
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Pakistan raw cotton exports surge

Pakistan's raw cotton exports surged during July-March 2010 and also fetched the highest-ever price in the international market due to quality, according to Trade Development Authority of Pakistan (TDAP). In a report, TDAP said the country exported around 899,290 cotton bales till March 31, 2010 to India, Bangladesh, Indonesia, Vietnam and Central Asia.
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Copper may be the dark horse in 2010-11

On Tuesday, news agencies reported that London Metal Exchange copper rallied to a 20-month high above $8,000 a tonne. This rally is a hint for the things to come in the new financial year. If you take note of the new trend in copper market, the metal has jumped 165% from its low during the bad days of late 2008 and early 2009. Along with that, lead and nickel also climbed 150%, and zinc has jumped 125% .
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Steel uptrend to continue in India

The upbeat movement in steel prices in the last one month created much debate as the price rise in the key input to varied industries including automobile, real estate, consumer durables, has created ripples of turbulence across the sectors. But it is evident from the global coal scenario that steel prices may continue to dent the profitability of key sectors in India.
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US hikes crude oil price forecast for 2010

World's largest oil consumer, the US increased its crude oil price forecast for 2010 on projections of a speedy global economic recovery. In its monthly Short- Term Energy Outlook, the US Energy Department said the West Texas Intermediate oil, the US benchmark, will average $80.74 per barrel this year, up from last month's forecast of $80.06.
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Will gold continue to charm investors?

The world has been hit with recession, subprime crisis, bubbles, inflation, deflation and stock market crashes in the last 10 years. But one asset has withstood the economic turmoil and remained as the most robust investment vehicle for the poor and the rich alike in the world is, of course, gold.
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US to press China next week on ,innovation, policy

A top U.S. trade official said on Wednesday he will raise industry concerns about China's indigenous innovation policies that threaten U.S. intellectual property rights when he visits Beijing next week. What we're trying to do with the Chinese is address the very serious concerns that have been raised, Deputy U.S. Trade Representative Demetrios Marantis said in remarks to the Washington International Trade Association.

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