CHINA

Iran says starts making 20 percent nuclear fuel

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Iran began making higher-grade nuclear fuel on Tuesday, state television reported, and the Pentagon said the United States wanted a U.N. Security Council resolution on Iran within weeks over its nuclear program.

G7 outlook upgraded but lagging emerging stars

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The world's richest economies are set to grow faster this year than forecast a month ago, although the latest Reuters economic outlook showed the upturn will be feeble in comparison to resurgent emerging market peers.
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FACTBOX: What U.S. law on currency manipulation says

President Barack Obama's vow to get tougher on countries such as China that undervalue their currencies has heightened attention on whether the Treasury Department will formally label China as a currency manipulator in a semi-annual report due in April.
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Nissan returns to Q3 profit, lifts forecast

Nissan Motor Co , Japan's third-largest automaker, returned to quarterly profit on Tuesday and lifted its outlook for the second time, as brisk global sales signal the worst may be over for the auto industry.
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China plans online gambling crackdown

China plans to crack down on the online gambling industry, including the banks and websites that support it, the Ministry of Public Security said in a statement posted on its website.
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Disney, Google eye stake in China bus media firm

A consortium led by Walt Disney Co is in advanced talks to buy into China's largest in-bus digital media and advertising company, a deal that could offer the U.S. entertainment giant a new platform to promote Mickey Mouse in China, three sources told Reuters.
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US engineer gets 15y for spying for China

A Chinese-born engineer was sentenced Monday to more than 15 years in prison for hoarding sensitive information about the US space shuttle with the intent on giving it to China.
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Pressure grows for Iran sanctions over atomic plans

International pressure for new sanctions against Iran grew on Monday after Tehran announced more moves to expand nuclear fuel production and enrichment plants, heightening Western fears it wants to make atom bombs.
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BHP names new iron ore head as Rio venture nears

Australia's BHP Billiton named Chris Campbell as president of the firm's iron ore business on Monday, the second major management reshuffle among top miners in the country focused on soaring demand from China.
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Smart power key as EU sparks electric car debate

Electric cars must be backed by smart power networks if they are to help the world's climate problems, environmentalists warned on Monday as European ministers prepared to debate a strategy for the sector.
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NetEase suspends new user registration for hit game

China's third-largest online game operator NetEase.com said it has suspended new user registration for World of Warcraft in China and will reapply for a license to operate the expansion pack of Activision Blizzard's hit game.
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Envoys go to North Korea to push for nuclear talks

A senior Chinese envoy was in North Korea to prod the reclusive state back to stalled nuclear talks while the South sent a team across the border on Monday for talks to restart tourism projects halted due to political wrangling.
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China seizes more melamine-tainted milk powder

Chinese inspectors tracing new cases of contaminated milk have shut dairy firms in the northwest and seized 72 metric tons of milk powder tainted with melamine, an industrial compound that killed at least six children in 2008.
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Daily Forecast - 8/2/2010

The Aussie dollar remained relatively range bound on Friday bouncing between 0.8650 and 0.8700 for the majority of the Asian session.
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Recovery, debt woes to hound

U.S. stocks face more turbulence that could send indexes spiraling through key levels this week as doubts about the global recovery's pace persist and fears linger over Europe's sovereign debt woes.
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G7 focuses on Europe debt

Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.
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North Korea releases U.S. activist

A U.S. missionary was on his way home on Saturday after he was freed by North Korea, which had detained him on Christmas day for illegally crossing the border.
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G7 mulls threat from euro debt woes

Finance chiefs from the world's rich powers opened an icy summit on Friday mulling how to prevent worry about deepening southern European debt from derailing an already fragile global recovery.
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Recovery, debt woes to hound stocks

Stocks face more turbulence that could send indexes spiraling through key levels next week as doubts about the pace of the global recovery persist and fears over Europe's sovereign debt woes rattle sentiment.

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