CHINA

Google CEO says company tends to create enemies

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Google Inc's chief executive Eric Schmidt said the company's disruptive business created enemies for world's No.1 search engine, and he said that governments were keeping a close watch on the firm.
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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.
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Geely eyes Volvo break even in Q4, own H2 net falls

Chinese carmaker, Geely Automobile Holdings said Volvo, which it is in the process of buying, could break even as early as the fourth quarter, after posting a surprise drop in its own second-half earnings.
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Sharp to join 3D TV battle with advanced display

Japan's Sharp Corp said it would begin selling 3D-capable LCD TVs in Japan this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next growth driver.
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IATA chief says more airline mergers a must

Further mergers among airlines are essential in order to cut costs and improve competitiveness in an industry seen sustaining combined losses of $2.8 billion this year, the head of airline industry body IATA said on Monday.
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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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