CHINA

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Hijacked China ship shows pirates extending reach

The hijacking of a Chinese coal ship in the Indian Ocean shows Somali pirates are extending their reach beyond the Gulf of Aden and the Somali coast, shippers said as traders worried that more coal ships could become targets.

Coca-Cola third-quarter sales miss

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Coca-Cola Co reported lower-than-expected quarterly revenue, hurt by declines across all its businesses, and said a weak economy would keep consumers under pressure next year, sending shares down 1.5 percent.

United Tech results top Wall Street forecasts

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Diversified U.S. manufacturer United Technologies Corp reported a 17 percent drop in third-quarter profit, that nonetheless beat Wall Street estimates, as cost-cutting helped offset slumping demand.
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Obama gets an F on trade: Sen. Grassley

President Barack Obama deserves a failing grade for his handling of U.S. trade policy during his first nine months on the job, a senior Republican senator said on Monday.
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JA Solar's founder leaves company

JA Solar's founder has resigned as vice chairman of the board and will leave the company, the solar power player said on Monday, saying he will pursue other business interests.
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Bernanke calls for action on global imbalances

U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that Asian export-promotion policies and large U.S. budget deficits could refuel global economic imbalances and put efforts to achieve more durable growth at risk if not curbed.
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Bernanke warns on export-led growth in Asia

U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that pursuit of export-led growth by Asian nations could lead to a reemergence of global trade imbalances and undercut efforts to achieve more durable growth.
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Bernanke cautions on risks from imbalances

U.S. Federal Reserve Chairman Ben Bernanke warned on Monday that Asian policies promoting exports could lead to a reemergence of imbalances in trade and capital flows, which some believe helped fuel the U.S. housing bubble.
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China to move residents, keep lead smelters going

China plans to move 15,000 residents in its biggest lead smelting area away from the plants in order to allow them to keep operating, after tests showed over 1,000 children had excessive lead in their blood.
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Uighur leader slams Book Fair for honoring China

Exiled Uighur leader Rebiya Kadeer sharply criticized the Frankfurt Book Fair for inviting China as its guest this year, arguing that the country should not be honored given its poor human rights track record.
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Futures rise on earnings optimism

U.S. stock index futures rose on Monday, as the outlook for corporate earnings lifted investor optimism about the vitality of an economic recovery.
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BAIC says man accused of trade theft on leave in U.S.

A Chinese national accused of stealing trade secrets from Ford Motor Co was employed by Beijing Automotive Industry Holding Corp , China's fifth-biggest automaker, but was in the United States on personal leave when he was arrested, BAIC said Monday.
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Stock futures signal rebound along with commods

U.S. stock index futures pointed to a rebound on Wall Street on Monday, with futures for the S&P 500 up 0.46 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.52 percent at 3.30 a.m. EDT.
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Crisis shows need to right imbalances: Bernanke

The financial crisis has spotlighted the importance of dealing with global imbalances in trade and capital flows, Federal Reserve Chairman Ben Bernanke said on Sunday at a Fed conference on Asia.
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North Korea hoping for summit with South: official

North Korea has been seeking a summit between the leaders of the rival Koreas, an official in Seoul said on Sunday, marking another step in its attempts to reach out to the world after being hit by U.N. sanctions.
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Germany says EU concerns don't endanger Opel deal

Economy Minister Karl-Theodor zu Guttenberg expressed confidence on Saturday that Germany could address EU concerns about a sale of carmaker Opel to Canada's Magna, saying they did not put the deal at risk.
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U.S. permits visit by North Korean official

The United States said on Friday it would allow a senior North Korean official to visit this month, a move analysts said could be a first step toward talks between the two on ending Pyongyang's nuclear programs.
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China recovery to gain momentum in 2010-statistician

China will be able to sustain the momentum of its current V-shaped recovery, setting the stage for stronger growth next year than in 2009, Yao Jingyuan, chief economist of the National Bureau of Statistics, said on Saturday.
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U.S. coal miners looking at lower profits

Most U.S. coal miners are looking at sharply lower third-quarter earnings, but those who produce coal for steelmaking and export should enjoy higher prices in the longer run than those whose coal is sold for power generation, analysts say.
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EU bogged down on Copenhagen climate stance

European Union states are struggling to agree on a common stance for a U.N. climate pact in Copenhagen in December, after leading the way among rich nations, draft documents indicated on Friday.
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Ted Turner says he'd like to run CNN again

No knock on his good friend Jeff Bewkes -- or on Superman -- but Ted Turner wishes he was running Time Warner so that he could make some changes at Cartoon Network and CNN, the cable news channel he founded 19 years ago.

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