CHINA

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday.

Top euro zone officials will urge China this month to move towards a more flexible exchange rate policy but it will not be easy to introduce change soon, EU Monetary Affairs Commissioner Joaquin Almunia said on Thursday.

A website set up by China's Defense Ministry said it was hit by 2.3 million hacker attacks in its first month of operation, but none of them were successful.

The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group said on Thursday.

China said it will tighten regulations in its rapidly growing online games sector, requiring game operators to enhance socialist values in their games and hire specialized staff to monitor content.

A website set up by China's Ministry of Defence this summer was hit by more than 230 million hacker attacks in its first month of operation, but none of the attacks were successful, state media reported on Thursday.

Gold demand fell 34 percent in the third quarter as high prices weighed on investment flows and led to a slump in jewelry buying in key markets like India and the Middle East, a World Gold Council report showed on Thursday.

Apple's popular iPhone is to make its South Korea debut next week after earning approval from the nation's telecommunications director, local media reported on Wednesday.

Netease.com Inc., one of the leading online game companies in China, reported on Wednesday 26 percent growth for its third-quarter earnings lifted by the outstanding performance of Fantasy Westward Journey.

Analyst from Broadpopint AmTech on Wednesday reiterated a buy rating for Hewlett-Packard Co in its note to clients, expecting the company to give a strong fiscal report next Monday in accordance with its preliminary outlook.

The mobile is potentially overtaking PCs as the device of choice for access to social network site (SNS) in Asia and Pacific, IDC said on Monday in a survey-based report. It also noted that the telecom carriers need to set the stage for mass adoption by lowering data tariffs and offering user-friendly mobile applications.

Third quarter Wage Cost Index data came in right on expectations increasing by 0.7% for the quarter and 3.6% on an annualised basis keeping the Aussie between 0.9290 and 0.9320 during morning trade. A story on Bloomberg quoting Chinese Central Bank adviser Fan Gang, who also heads the National Institute of Economic Research, as saying double digit growth in China would not be good as it poses a risk of promoting a property and commodity market bubble put a dampener on the AUD. With Chinese eco...

Microsoft Corp has been ordered by a Chinese court to stop selling versions of its Windows operating systems that include fonts designed by a local company, citing a violation of licensing agreements.

Toyota Motor Corp's global vehicle sales rose 5 percent in October to about 640,000 units, marking the first year-on-year increase in 15 months, the world's biggest automaker said on Wednesday.

Hong Leong Group, owned by Singapore billionaire Kwek Leng Beng, has received approaches about its 90 percent stake in Xinfei, China's No.3 refrigerator maker by market share, the company said on Wednesday.

Malaysian telecoms company Axiata said it will form a strategic partnership with world No. 2 telecommunications equipment maker Huawei to develop new technology and cut Axiata's equipment procurement costs.

The world may have already moved on, but quantitative finance guru Paul Wilmott is undaunted in his quest to save the global financial system from mindless mathematicians.

Investors shifted out of bonds into equities and commodities in November as confidence in the global economic recovery underpinned their risk appetite, a survey showed on Wednesday.

U.S. oil major Chevron Corp is in talks with Turkmenistan over its possible participation in developing the giant South Iolotan gas field, the company's country head said on Wednesday.

Piped-gas supplier China Gas Holdings said on Wednesday that PetroChina is in talks to invest in a China Gas unit, which will distribute liquefied petroleum gas (LPG) for Asia's top oil producer.

Future supply shortages could drive up contracts for oil use in several years' time, as they mimic a market for near-term delivery that has more than doubled since the start of the year.