CHINA

China Life profit doubles on global market rebound

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China Life , the world's top life insurer by market value, reported fourth quarter earnings more than double a year ago, helped by new accounting rules, a rebound in global markets and strong premium growth.

Asian stocks near 22-month highs; euro soft

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Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Asian stocks near 22-mth highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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It is China's choice to revalue yuan: Geithner

Treasury Secretary Timothy Geithner said he was confident that China would see that it is in its own interest to make its currency more flexible, and said global economic recovery looks quite strong now.
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Peabody sweetens Macarthur Coal bid; Noble hovers

Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer was below Macarthur's market price, suggesting the bidding could go higher.
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Asian stocks rise, markets on yuan watch

Asian stock markets rose to three-month highs on Tuesday, extending a two-week rally fueled by strong U.S. economic data and a seeming thaw in U.S.-China tensions over the yuan.
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Obama seeks market-based yuan

The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan.
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Forex - Obama seeks market-based Chinese currency

The United States on Monday reiterated its call for China's currency to be market-based, as lawmakers warned they would act if there was no movement from China on revaluing the yuan. The president has spoken repeatedly and recently that China's currency must be market-based, White House spokesman Robert Gibbs told reporters. With China on holiday there was no official response from Beijing to a weekend announcement that U.S. Treasury Secretary Timothy Geithner would postpone a report due out...
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FOREX-Dollar slips vs yen after more than 7-month high

The dollar retreated from a seven-month high against the yen on Monday as investors booked profits following four days of gains for the U.S. currency. Higher oil and metals prices helped propel the Canadian dollar to a 20-month high against its U.S. counterpart, leaving it within striking distance of parity, while the euro slipped. A holiday-thinned market kept trading volume light, with the UK, most euro zone countries and parts of Asia closed.
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Gold in confusion zone, stay away!

Confusion confounded. That is the apt description for the global bullion markets now. Talk of gold, you will get a bunch of positive advices from market analysts saying that Indian festival and wedding seasons are round the corner and the demand for the metal is set to go up in the coming days.
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Futures rise, buoyed by payrolls data

Stock index futures rose on Monday, the first trading day after government data showed the economy added the largest number of jobs in three years, boosting hopes the recovery was accelerating.
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Futures higher after jump in payrolls data

Stock index futures rose slightly on Monday, the first trading day after government data showed the economy added the largest number of jobs in three years, boosting hopes of a turnaround in the economy.
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Asian stocks rise on strong U.S. jobs data

Asian stocks rose on Monday after data showed U.S. employers created jobs last month at the fastest pace in three years, boosting hopes of a sustained economic recovery.
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China quiet on U.S. currency report delay

A Chinese central bank adviser said Beijing could ease pressure over the yuan by buying more from recession-hit U.S. states, but China had no official reaction on Monday to the Obama administration's delay of a contentious currency report.
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U.S. delays China yuan ruling ahead of Hu visit

U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.
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Forex - China's yuan casts shadow over US-India talks

U.S. Treasury Secretary Timothy Geithner will try to strengthen bilateral ties with India during talks in New Delhi this week, but his visit may be overshadowed by Washington's tense relationship with China. Both the United States and India will be simultaneously pushing trade and foreign exchange agendas with China, as they discuss cooperation on infrastructure development and financial markets.
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U.S. expects accelerating job creation

The Obama administration expects U.S. job creation to quicken but economic recovery has a long way to go despite improved trends, White House officials said on Sunday.
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Summers expects acceleration of job creation

The Obama administration expects job creation to accelerate and Congress to approve financial reform legislation, White House economic adviser Lawrence Summers said on Sunday.
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U.S. delays decision on China yuan manipulation

U.S. Treasury Secretary Timothy Geithner said on Saturday he was delaying an April 15 report on whether China manipulates its currency but pledged to press for a more flexible Chinese currency policy.

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