China's appliance and top TV maker TCL and Shenchao announced a joint venture that plans to invest a total 24.5 billion yuan ($3.6 billion) to set up an LCD production line using advanced 8.5-generation technology to tap future demand for flat-screen TVs.
Ford Motor's Volvo car unit will retain the rights for its licenced technologies, while its Chinese bidder Geely will get the right to use the technologies, a Geely spokesman was quoted as saying on Tuesday.
Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned near 15-month lows and gold close to record highs.
Coca-Cola Co unveiled goals on Monday that call for the revenue generated by the company and its bottlers to double to roughly $200 billion by 2020, with profit margins increasing.
Federal Reserve Chairman Ben Bernanke, in a rare comment on the U.S. dollar's value, on Monday acknowledged the currency's slump was causing some prices to rise, but said other factors restraining inflation were winning the day.
Sina Corp , China's largest Web portal, posted a decline in quarterly sales and profit but beat Wall Street estimates as a recovering economy boosted consumer spending and advertising sentiment.
Dell previously confirmed its plans to enter the smartphone business, and China Mobile and Claro in Brazil will be the second largest PC maker's first two supporting mobile operators to sell Dell Mini 3 smartphones, Sina Tech reported on Tuesday.
The semiconductor market is showing recovery in the midst of economic uncertainty, with global semiconductor revenue expected to bounce back to same level as 2008 at $255 billion despite an 11.4 percent decline in 2009 to $226 billion, Gartner said on Monday.
Two U.S. Senators on Monday unveiled bipartisan legislation aimed at doubling nuclear power in 20 years and increasing funding for research into low carbon sources of energy.
U.S. stocks rose on Monday to 13-month highs led by energy and materials shares even as Federal Reserve Chairman Ben Bernanke said the economic expansion probably will not be as robust as hoped.
Commodity-related stocks led Wall Street to 13-month highs on Monday, as oil and metals prices rose, lifted by a weak U.S. dollar.
A stronger yuan is part of the policy mix that Beijing needs to increase domestic consumption and help ease global imbalances, the head of the International Monetary Fund said on Monday.
China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month.
President Barack Obama has promised to raise the issue of the yuan's exchange rate during his visit this week to Beijing, putting the spotlight on a major bone of contention which has the potential to shake currency markets and diplomatic ties alike.
A landslide in northern China has buried about 20 people from one village, though two people have already been pulled out alive, a government official said on Monday.
Vaccination programs against H1N1 swine flu are under way in the United States, China and Australia and will begin soon in parts of Europe.
U.S. President Barack Obama said on Monday he hoped for improved China-Taiwan ties and said economic links had helped lower tensions over Taiwan.
Devon Energy Corp said on Monday it plans to sell its Gulf of Mexico and international assets and focus on its onshore fields in the United States and Canada.
U.S. President Barack Obama told Chinese students on Monday he did not fear their nation's rise, ahead of talks on trade imbalances and currency strains that underline the sometimes tense embrace between the two giants.
Boeing , which expects airlines to return to profitability in 2011, said on Monday that Middle East carriers would need 1,710 new jets over the next 20 years, valued at about $300 billion.
Offshore markets bet on hefty yuan gains over the next year even after Beijing rebuffed calls for the currency to rise, signalling resistance to change during U.S. President Barack Obama's first visit to China.
The dollar slipped on Monday as traders took a lack of agreement on currencies among Asian and U.S. leaders as a cue to sell the greenback, even as speculation of a near-term yuan appreciation cooled.
