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Moody's: Greece must act on fiscal plans

Moody's Investors Service said on Thursday any changes in its ratings on Greece would depend on whether Athens was smoothly enacting its fiscal reform plans as promised.

GM to shut down Hummer after China deal fizzles

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General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by an obscure Chinese machinery maker to buy the money-losing SUV line.

GM to wind down Hummer after China sale fails

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ral Motors Co will wind down its Hummer SUV line after failing to complete a deal to sell the brand to China's Sichuan Tengzhong Heavy Industrial Machinery, the automaker said on Wednesday.
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India keen to buy 191 tonnes of IMF gold

Will India go in for buying the 191 tonnes of gold that the International Monetary Fund (IMF) plans to sell soon? Yes, India is a potential buyer for the remaining stock of IMF gold that is to be sold in the open bullion market, analysts said on Wednesday.
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BOJ Yamaguchi says ready to act as deflation weighs

Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank was ready to act to beat deflation, leaving room for more monetary easing amid a steady drumbeat of government pressure for BOJ steps to support the economy.
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Google scraps China leg of Nexus One event

Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from the country.
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Asia shares fall on U.S. jitters, Bernanke eyed

Asia shares fell on Wednesday as surprise declines in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery and boosted the safe-haven yen.
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LG Display considers additional production line

South Korea's LG Display Co Ltd said on Wednesday it was considering building an additional production line to meet robust flat panel orders, adding to emerging concerns over rapid supply growth.
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Intel says hackers attacked around time Google hit

Intel Corp said it faced a sophisticated hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc, but noted no clear link between the two events.
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China says Google hacking claims groundless

Google's assertion that its computers were attacked by hackers based in China was groundless, Beijing said on Tuesday, hardening its rhetoric in a spat with Washington over Internet freedom.
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China unveils new Internet restrictions

China moved to tighten its grip on the flow of Internet information this Tuesday, saying individuals who want to operate Websites must first receive approval from regulators.
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Mobile phone subscriptions to top 5 bln this year

Mobile phone subscriptions will buck the economic crisis and top five billion this year, but the high speed Internet remains a digital divide between rich and developing countries, a U.N. agency said on Tuesday.
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Diabetes to exact huge costs on poor countries

Diabetes is moving from being a disease of developed countries to a disease in developing countries like India and China, and this could put pressure on healthcare systems through rising healthcare costs, said Philip Clarke, associate professor at University of Sydney's School of Public Health.
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Buffett-backed BYD eyes big overseas drive

BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
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Clinton urges NATO security cooperation with Russia

NATO must boost security cooperation with Russia and streamline operations to face new challenges -- both military and civilian -- in coming years, U.S. Secretary of State Hillary Clinton said on Monday.
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Tengzhong may buy Hummer via offshore vehicle

China's Tengzhong could use an offshore vehicle to buy General Motors' Hummer brand if it fails to win Chinese regulatory approval for the ambitious but controversial plan that has met with cooling government appetite.
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Handset market rebounding in 2010: report

The cellphone market will rebound more strongly strongly than expected this year as improving economies boost spending on new gadgets and handset vendors push cheap smartphones, research firm Gartner said on Tuesday.
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Buffett-backed BYD in major auto export push

China's BYD Co Ltd , backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.
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KKR, TPG nearing Morgan Stanley CICC deal: sources

Morgan Stanley is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion, according to three sources familiar with the situation.

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