CHINA

China home prices to ease, boding well for economy

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Chinese housing prices have surged since March, but they will soon lose momentum and even start to fall around the end of the year, boding well for a more sustained contribution to overall economic growth.

Over-priced MCC falls on HK debut; may dent new IPOs

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Metallurgical Corp of China (MCC), a building and engineering firm that raised $2.3 billion in Hong Kong's biggest IPO this year, fell on its debut as investors, tiring from an IPO deluge, judged the stock was too pricey given an uncertain outlook for China's steel industry.
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Obama: U.S., Russia agree Iran may face new sanctions

U.S. President Barack Obama said he and Russian President Dmitry Medvedev agreed on Wednesday that serious additional sanctions must be considered if Iran does not respond to proposals to end a nuclear standoff.
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Shanda Games raises planned IPO size by 32.5 percent

Chinese online video games company Shanda Games Ltd has raised the number of shares it plans to sell in its initial public offering later this week by nearly a third, with estimated proceeds now reaching $960 million.
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Cadbury sees sense in Kraft deal: conference note

Cadbury Plc Chief Executive Officer Todd Stitzer detailed potential benefits from a takeover by Kraft Foods Inc and discussed valuations with investors in comments that could set the stage for talks between the British confectioner and the world's No. 2 food company.
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China backs G20 coordination

China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
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China's Hu tells Obama to curb trade safeguards

Chinese President Hu Jintao urged U.S. President Barack Obama not to slap duties on more Chinese goods after a dispute over tires but stressed hopes for steady economic ties ahead of a Group of 20 leaders' summit.
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Duke Energy signs another China cleantech deal

Duke Energy Corp has signed a clean energy technology agreement with China's ENN Group, adding to a deal it struck last month with the country's top power provider in Duke's push to cut carbon emissions.
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Hummer headquarters to be in Michigan after sale

Hummer plans to invest $9.4 million over five years and take advantage of tax credits to set up a Michigan headquarters after China's Tengzhong acquires the brand from General Motors Co, a Hummer spokesman said on Tuesday.
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iPhone coming to South Korea after ban is dropped

South Korea's telecommunications regulator said Wednesday that Apple Inc. can sell its hit iPhone in the country, after the Korea Communications Commission lifted a ban on the popular device which may potentially shake up a cell phone market controlled by domestic manufacturers.
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Gaddafi blasts big powers in first U.N. speech

Muammar Gaddafi, in his first address to the United Nations in 40 years as Libya's autocratic ruler, on Wednesday accused major powers on the Security Council of betraying the principles of the U.N. charter.
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Goldman investment boosts China Geely's global hopes

Goldman Sachs' (GS.N) $334 million investment in Geely Automobile Holdings (0175.HK) will boost the Chinese automaker's global ambitions, including a potential bid by its parent for Ford's (F.N) Volvo brand.
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Experts say cancer wave threatens poorer nations

Cancer is a bigger killer in developing countries than tuberculosis, malaria and AIDS combined and a tsunami of the disease threatens to overwhelm the nations worst equipped to cope, experts said Tuesday.
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China army parade may give clue to new missiles

When the National Day parade rolls down Beijing's streets next week, foreign observers will look beyond the goose-stepping soldiers for signs that China is developing a new missile able to threaten U.S. aircraft carriers.
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India urges G20 to shun protectionism, U.S. pushes plan

India's prime minister called on Group of 20 nations on Wednesday to send a strong warning against protectionism this week as world leaders seek to shore up a tentative global recovery and prevent future economic crises.
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Asia stocks at 13-month high

The dollar slid to a one-year low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.

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