CHINA

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Japan PM to pursue thaw in India ties, boost trade

Japan's prime minister, who has promised to forge a new place for east Asia in international diplomacy, opened three days of talks in India on Monday focusing on engineering a further thaw in relations and boosting trade.

Daily Outlook - December 28

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Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.
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No need for China yuan to fall -c.bank adviser

There is no reason for China's yuan to depreciate against any currency, including the dollar, euro or yen, an adviser to its central bank said on Monday, highlighting the polarised nature of debate on the currency.
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IBM shares merit higher multiple: Barron's

Shares of International Business Machines Corp have significant room for growth and merit trading at a higher multiple, financial weekly Barron's said in its Sunday edition.
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China won't be pressured over yuan peg: Wen

Chinese Premier Wen Jiabao on Sunday struck a defiant note about the country's controversial exchange rate policy, saying the government would not give into foreign demands to let the yuan rise.
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Simmons Bedding financiers seek Chinese bidder: report

A group of financiers is trying to put a U.S. mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co. , the Wall Street Journal reported late on Saturday.
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China jails dissident Liu Xiaobo for 11 years

China's most prominent dissident, Liu Xiaobo, was jailed on Friday for 11 years for campaigning for political freedoms, with the stiff sentence on a subversion charge swiftly condemned by rights groups and Washington.
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Obama says disappointment at Copenhagen justified

President Barack Obama said on Wednesday that disappointment over the outcome of the Copenhagen climate change summit was justified, hardening a widespread verdict that the conference had been a failure.
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China decries Western meddling in dissident trial

China denounced foreign diplomatic meddling in the trial this week of Liu Xiaobo, a dissident facing up to 15 years in prison for authoring works calling for greater civil and political freedoms.
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Volvo's Chinese journey

News that Ford expects to finalize the sale of Volvo to China's Geely in the first half of 2010 caps a year that saw China overtake the United States as the world's biggest auto market, something that would have been unthinkable only a few years ago
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Geely nears Volvo buy, as China ascends in autos

Ford Motor Co said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to China's Geely in a deal that underscores China's arrival as a major force in the global auto industry.
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Geely near Volvo buy, sign of China's rise in autos

Ford Motor Co said on Wednesday that it expected to finalize the sale of Volvo to China's Geely in the first half of 2010 in a deal that underlines China's arrival as a major force in the global auto industry.
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China's new cash cow: Tech firm spin-offs

Chinese Internet firms are eyeing more spin-off offerings after raising nearly $1.5 billion this year as they bank on strong foreign interest in high growth China plays.
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RIM's BlackBerry e-mail service down, second time in a week

Research In Motion's Blackberry users in North America suffered another outage with their e-mail service, just a week after another outage hit the company. Late Tuesday night, RIM confirmed that its BlackBerry service had suffered its second e-mail outage in five days.
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Russia to sell Myanmar 20 MiG fighters - paper

Russia has agreed to sell Myanmar 20 MiG-29 jets for 400 million euro ($572.2 million), the Vedomosti daily reported on Wednesday, citing unidentified sources in Russia's defence industry.
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India, China stronger from climate meet - Pachauri

The grouping of China, India, Brazil and South Africa has emerged as a significant force in Copenhagen and they could lead the way in future negotiations, the head of the U.N. climate panel said on Wednesday.

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