CHINA

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Big developing states reject Copenhagen climate plan

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said on Wednesday.

Global warming threatens China harvests: forecaster

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Droughts and floods stoked by global warming threaten to destabilize China's grain production, the nation's top meteorologist has warned, urging bigger grain reserves and strict protection of farmland and water supplies.
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Ben Kingsley seeks Indian money for Taj movie

British actor Ben Kingsley, best known for his Oscar-winning role as Mahatma Ghandi, is looking to India again, this time for financing for another historic Indian role -- Mughal emperor Shah Jahan.
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Key political risks to watch for W.Europe markets

Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
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Gold sets new record, risk appetite boosts shares

Gold scaled another all-time high above $1,200 an ounce on Wednesday, helped by a weaker dollar as it lost some of its safe-haven appeal due to upbeat U.S. home sales and renewed appetite for riskier assets.
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China lets foreigners set up limited partnerships

Foreign firms and individuals will be allowed to set up limited partnership firms in China from March 2010, a move that could make it easier for some overseas investors to tap the domestic market.
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Australia carbon scheme immaterial to world prices

Defeat of Australia's emissions trading plans may temporarily dent political momentum ahead of next week's U.N. climate talks, but succeed or fail, the scheme is unlikely to affect global carbon prices until at least 2013.
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Solar company Trina signs China market deal

Chinese solar company Trina Solar Ltd said on Tuesday it entered into a sales agreement to supply approximately 8 megawatts of photovoltaic (PV) modules to the Chinese domestic market.
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World carbon emissions overshoot budget: PwC

The world has emitted extra greenhouse gases this century equivalent to the annual totals of China and the United States above a maximum for avoiding the worst of climate change, a study estimated Tuesday.
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HIV-infected Chinese children struggle with stigma

The second storey of this nondescript building in Fuyang city in China's central province of Anhui houses HIV-positive orphans, but unlike many other similar establishments, there are no signboards outside.
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Asahi Breweries could spend up to $4.6 bln on M&A

Japan's Asahi Breweries said it could spend up to 400 billion yen ($4.6 billion) on acquisitions to avoid getting left behind amid a rush towards consolidation in the global food and beverage industry.
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Dubai crisis to shape 2010 global risk mindset

Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.
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Iran says to protest over IAEA nuclear resolution

Iran said on Tuesday it intended to take unspecified legal action over an IAEA rebuke of its nuclear activities and would provide Iranians with enough gasoline in order to trump any further U.N. sanctions.
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Geely taps China banks to back Volvo deal -sources

Geely, the Chinese carmaker tagged as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.
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Coal demand rebounding from downturn - U.S. mining execs

The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power stations are still way higher than normal, U.S. coal mining executives said on Monday.

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