CHINA

UK union OK brings Opel deal closer

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Agreement between Magna and a UK labour union on Tuesday brought closer a final deal for General Motors [GM.UL] to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium.
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Clinton to woo Russian people on reset trip

U.S. Secretary of State Hillary Clinton ends her visit to Russia on Wednesday with a charm offensive to win public support for Washington's efforts to reset relations but no clear breakthroughs from formal talks.
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Stock futures signal gains; Intel Q3 boost

U.S. stock index futures pointed to a strong open on Wall Street on Wednesday following forecast-beating results from Intel Corp and ahead of earnings from JPMorgan Chase & Co.
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Strong China trade figures point to recovery

China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world's third-largest economy is firmly on a recovery track and that global demand is improving too.
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Oil sets new 2009 high on dollar, economy hopes

Oil surged for a fifth day on Wednesday to a 2009 high of $75.12 a barrel, boosted by a weak dollar and surprisingly strong China trade data that underscored a recovery in the world's second-largest oil user.
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Dollar drops to 14-month low; commodities rise

The U.S. dollar struck a 14-month low against the euro on Wednesday, sending gold to record prices and pushing oil past the 2009 high of $75 a barrel and on track for a fifth day of gains.
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Dollar drops to 14-month low, commodities rise

The U.S. dollar struck a 14-month low against the euro, keeping oil prices on track for a fifth day of gains on Wednesday near the 2009 high of $75 a barrel and sending gold to a record high.
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China's super-rich bounce back from financial crisis

China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.
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World needs big drive for carbon capture: IEA

The world needs to build 100 major projects for capturing and burying greenhouse gases by 2020 and thousands more by 2050 to help combat climate change, the head of the International Energy Agency said on Tuesday.
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North Korea may fire more missiles ahead of talks

North Korea was preparing to fire a fresh barrage of short-range missiles, a report said on Tuesday, in a move seen as an attempt to boost its bargaining position ahead of expected talks on ending its nuclear weapons program.
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China, Russia bolster ties with gas, trade deals

Russia and China bolstered their close but increasingly imbalanced relationship on Tuesday when Russian Prime Minister Vladimir Putin ushered through a tentative gas supply agreement and deals worth $3.5 billion.
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Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.
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India Sept car sales rise 21 pct y/y

Car sales in India rose an annual 21 percent in September for their eighth straight rise, with industry officials expecting continued robust growth as the economy improves and consumer confidence grows.
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China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.
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DBS drops out of race for ING private bank: source

DBS Group, Southeast Asia's biggest lender, has pulled out of the race to buy ING's private banking unit in Asia, as it did not want to pay a premium for the business, a source with knowledge of the deal told Reuters.

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