CHINA

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China's latest worry: a local-debt mess

Shanghai unveils a $2.2 billion airport terminal on Tuesday, connected to the center of China's commercial hub by one of several new metro lines being built for the World Expo that opens in May.

Futures point to higher open on Wall St; Fed eyed

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Stocks index futures edged up on Tuesday, pointing to a slightly firmer start for Wall Street, ahead of a Federal Reserve meeting where policymakers are expected to reiterate a pledge to keep interest rates low for a long time.
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Stocks advance, dollar steady ahead of Fed

World stocks climbed on Tuesday while the dollar was corralled as investors bet the U.S. central bank will repeat its vow of keeping interest rates low for an extended period after its monthly meeting.
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Lawmakers press for action on China currency

President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
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Venezuela denies plans to censor Internet

Venezuela is not planning to censor the Web or to shut down social networking sites such as Twitter and Facebook, officials said on Monday, after President Hugo Chavez called for regulation of the Internet.
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Google sees mobile ad rates passing PC rates

Google Inc said that it expects the rates that companies pay for search ads on mobile phones could surpass the rates of its existing PC-based ad business thanks to the growing popularity of powerful smartphones.
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U.S. lawmakers press for action on China currency

President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
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Snowstorms curb industrial output, rebound seen

U.S. industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month.
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Stocks dip on economic uncertainty

The stock market fell modestly on Monday as market participants digest developments on policy decisions from world governments, notably those of the U.S. and China.
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China Feb crude steel output hits 50.63 mln tons

China's National Bureau of Statistics on Monday said country's crude steel output was 50.36 million tons in February, 22.5% more than in the same month of last year, but 4.1% less than in the 52.53 million tons produced in January.
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China's Wen says U.S. responsible for bad ties

The United States is to blame for strains between Beijing and Washington and should take steps to repair ties, Chinese Premier Wen Jiabao said on Sunday, indicating the two powers have not overcome a recent rough patch.

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