CHINA

Caterpillar forecast disappoints; shares fall

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Caterpillar Inc , the world's largest maker of construction and mining equipment, offered an unexpectedly guarded view of the coming year on Wednesday, sending its stock down more than 8 percent and pulling the broad market down along with it.
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Two Koreas trade fire

North and South Korea exchanged artillery fire near their disputed sea border on Wednesday, highlighting instability along a heavily armed frontier for the second time in three months.
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China says no curb on Google mobile technology

China sought to head off concerns about curbs on Google phone technology on Wednesday, as U.S. business groups urged Washington to tackle alarming measures against foreign high-tech companies in China.
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Caterpillar profit tops view; 2010 forecast weak

Caterpillar Inc , the world's largest maker of construction and mining equipment, posted stronger-than-expected quarterly earnings on Wednesday and said it was seeing encouraging signs that economies around the world were rebounding.
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Google's older sister in China urges it to stay

A Google knock-off has surfaced in China to compete with the world's largest search engine, while at the same time pleading with it to stay in the country despite censorship and hacking allegations.
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Asia stocks fall on China jitters, yen gains

Asian stocks fell for the ninth straight day on Wednesday on fears that China's heightened efforts to rein in soaring credit growth could hamper the global economic recovery.
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LG Elec sees Q1 recovery as Q4 beats forecasts

South Korea's LG Electronics Inc posted a higher-than-expected quarterly operating profit and forecast sales and profits would improve in the first quarter as a global recovery prompts consumers to spend more on electronics.
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IMF sharply raises global economic growth forecast

The International Monetary Fund sharply raised its global economic growth forecast, casting developing countries in a leading role while rich nations struggle with high unemployment and government debt.
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Consumer confidence gains but housing tenuous

U.S. consumer confidence in January hit its highest level in nearly a year and a half, but a closely watched housing index showed an unexpected decline in November home prices, giving a mixed picture of the economic recovery.
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Stocks rise on consumer confidence, but China weighs

U.S. stocks edged higher on Tuesday, as better-than-expected consumer confidence data and strong quarterly results from Travelers and Apple offset concerns about a Chinese government clampdown on bank lending.
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Afghan allies seek common ground

Afghanistan's neighbours met in Turkey on Tuesday seeking a single voice before a London conference to set a timetable for handing security over to Afghans and find ways to negotiate peace with the Taliban.
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Stocks open down after housing data

Wall Street opened lower on Tuesday after China tightened bank lending requirements and data showed a rebound in the U.S. housing market is tenuous.
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China tightening worries spook investors, hit markets

Fears of more Chinese policy tightening spooked global markets on Tuesday after Beijing ordered some banks to comply immediately with a planned increase in reserves and a report suggested earlier attempts at curbing lending had failed.

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