CHINA

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Five political risks to watch in China

China has so far weathered the global economic downturn with its growth rate staying robust and no sign the government faces any major challenge to its rule. Following is a summary of key China risks to watch:

Big powers scrap meeting on Iran nuclear program

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A planned meeting of diplomats from major powers on Iran's nuclear program will not take place this year although discussions will continue by telephone, the State Department said on Monday.

Finance top climate concern for poor, China says

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A senior Chinese envoy said on Monday that developing nations' top concern at a slow-moving climate summit is securing funds from the rich to pay for carbon emissions cuts and cover the cost of adapting to a warmer world.
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Houston eyes Asia trade as Panama Canal expands

Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.
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Spyker still in Saab talks, BAIC signs asset deal

Sports-car maker Spyker is still in talks to buy Saab, the Dutch company's top executive said on Sunday after a report China's BAIC had agreed with General Motors to buy some of the Swedish company's assets.
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Saab confident will find buyer, Spyker in talks

Saab can still find a buyer for the whole firm, a spokesman for the loss-making auto maker said on Sunday after The Wall Street Journal reported China's BAIC had agreed with General Motors to buy some of the Swedish company's assets.
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China's Hu boosts energy ties with Central Asia

Chinese leader Hu Jintao opened the Kazakh section of a new Central Asia-China gas pipeline on Saturday, tightening Beijing's control over natural resources in the vast energy-rich region.
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China urged to revalue currency

Senate Majority Leader Harry Reid urged Chinese President Hu Jintao to address his country's huge trade imbalance with the United States through a significant revaluation of China's currency.
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Concord Medical, KAR fall in New York debuts

Two companies' shares fell in their debuts on the New York Stock Exchange on Friday, capping a week of poor performance for initial public offerings as investors grow choosier at year-end.
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Draft deal gives lift to flagging climate talks

A draft climate pact unveiled on Friday revived hopes that U.N. talks might be able to pin down an international deal to fight global warming, but developing nations said they needed more cash from the rich.
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Business struggles to sway U.N. climate talks

Industry has struggled to sway U.N. climate talks in Copenhagen because of a remote negotiating process and a lobby split between climate policy winners and losers, executives said on Friday.
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Iraq auctions fields to move up oil's big league

Iraq could challenge Russia's number two spot among world oil producers after auctioning two prized oilfields on Friday, although it failed to attract companies to bid for deals in its most dangerous areas.
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Draft deal gives lift to flagging climate talks

A draft climate pact unveiled on Friday revived hopes that U.N. talks might be able to pin down an international deal to fight global warming, but developing nations said they needed more cash from the rich.
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Verenex shareholders approve Libya takeover deal

Shareholders of Verenex Energy Inc (VNX.TO) overwhelming approved the C$317 million ($299 million) sale of the small Canadian oil explorer on Friday to a Libyan sovereign wealth fund, ending an international takeover battle that saw Libya block a richer offer from China.
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China says to subsidize buyers of green cars

China will subsidize sales of green vehicles in five cities selected for a pilot programme as the government steps up efforts to promote environmentally friendly vehicles in a bid to cut fuel emissions.
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Uranium glut caps shares but China boosts future

Shares in uranium producers offer prospects of long-term gains as China ramps up ambitious growth in its nuclear industry, but the ride may be rough due to excess near-term supplies from expanding mines and inventories.
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Iraq holds oil auction, Shell wins giant field

Royal Dutch Shell and Malaysia's Petronas on Friday won the rights to develop one of the world's largest remaining untapped oilfields as Iraq staged its second auction of oil contracts since the 2003 U.S. invasion.
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Stocks and oil firmer as data reasssures

World stocks extended gains and oil rebounded on Friday as upbeat data from China and the United States underscored an economic recovery, weighing on safe-haven government bonds and the low-yielding yen.

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