CHINA

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U.S. says world analyzing China's climate goals

The White House gave a mixed reaction on Friday to China's plans to cut its carbon intensity levels, welcoming the proposal but saying the world would watch whether Beijing kept its promises to tackle climate change.

New oil platforms, pipes to boost Iraq export

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Iraq aims to install four new floating oil terminals and three new undersea oil pipelines that will boost export capacity to 8 million barrels per day from a current 1.9 million bpd, a top oil official said.
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EU names new Commission to boost economy

Finnish liberal Olli Rehn will oversee efforts to revive Europe's economy and France's Michel Barnier will have an important role reforming financial services in the new European Commission unveiled on Friday.
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Subaru marches on in U.S. but more work ahead

Subaru maker Fuji Heavy Industries continues to charge ahead in the key U.S. market with sales seen jumping by a fifth this month, but it faces a lot of work to boost its earnings power, its CEO said on Friday.
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Hyundai-Kia targets rapid China growth in 2010

Hyundai-Kia Automotive Group, the world's No. 5 automaker, aims to grow at twice the market rate next year in China, as consumers in the world's largest auto market snap up its affordable, quality cars.
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China climate goal faces test of trust

Three little letters could spell big trouble for global climate change negotiations even after China, the world's biggest emitter of greenhouse gases, announced its first firm goals to curb emissions.
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China, Japan plan first joint military exercise

Japan and China agreed on Friday to conduct their first joint military training exercise, in the latest sign of warming ties between the Asian neighbors, long marked by mutual suspicion and spats over a range of issues.
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China aluminium stocks seen at 1.2-1.5 mln T

China is estimated to have stocks of 1.2 million-1.5 million tonnes of aluminium, the vice-chairman of the China Nonferrous Metals Industry Association, told an industry conference.
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Chinalco says has restarted most idle capacity

Aluminum Corporation of China (Chinalco), the parent of Chalco and the country's top producer of the metal, has restarted most of its idle capacity of alumina and primary aluminium, according to a company presentation prepared for a conference on Friday.
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India says troubled by China-Pakistan military ties

Growing military ties between China and Pakistan are a serious concern to India, Defense Minister A.K. Antony said on Friday, in the latest display of a prickly rivalry between New Delhi and its neighbors.
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IAEA votes to censure Iran over nuclear cover-up

U.N. nuclear watchdog governors voted on Friday to rebuke Iran for building a uranium enrichment plant in secret but Tehran dismissed the move as intimidation which would poison its negotiations with world powers.
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Bank of Japan checks rates, but intervention unlikely

The Bank of Japan stepped closer to currency intervention on Friday than at any time in the last five years by checking exchange rates with commercial banks as the yen rallied to a 14-year high against the dollar.
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Pressure on Chinese banks dents Minsheng debut

China Minsheng Banking Corp fell a disappointing 3 percent in its Hong Kong debut on Thursday after raising $3.9 billion in the world's fifth largest IPO this year, underscoring how sentiment for Chinese banks has soured recently.
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IAEA to vote on demand Iran freeze new nuclear site

World powers are demanding that Iran immediately mothball a uranium enrichment site it hid for years, heightening fears it is planning to build atom bombs, in a resolution to be voted on by U.N. nuclear watchdog governors.
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China unveils carbon target ahead of Copenhagen

China has unveiled its first firm target to curb greenhouse gas emissions, laying out a carbon intensity goal on Thursday that Premier Wen Jiabao will take to looming climate talks as his government's central commitment.
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BHP denies Rio backsliding on iron ore tie-up

Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.

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