CHINA

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China's MCC prices HK's top IPO at low end of range

Metallurgical Corp of China (MCC) priced the Hong Kong portion of its initial public offering at the lower end of an indicated range, sources said on Thursday, as the IPO's size and sector appeared to have dampened demand for the construction and engineering company.

Nissan sees 2009 China sales 18 percent above target

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Nissan Motor Co (7201.T) said on Thursday it expects its Chinese vehicle sales to climb 18 percent above its initial target of 570,000 units this year, helped by the government's tax incentives on smaller cars.

TIMELINE: China car makers eye global brands

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Geely Automotive (0175.HK), the Chinese carmaker whose parent is eyeing Ford's (F.N) Volvo unit, has approached Canadian auto parts maker Magna International about possibly taking a stake in Opel, a source said.
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Asian shares rally, dollar hits 1-year low

Asian stocks hit their highest level in 13 months on Thursday on signs the global economic recovery could be strengthening, while the dollar slid to a fresh one-year low as investor optimism eroded its safe haven appeal.
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Alibaba to grab market share with Taobao

China's e-commerce giant Alibaba.com is to boost domestic market share by encouraging more users to sell products through its online auction site Taobao, China Daily reported on Tuesday.
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Global investors call for binding climate policy

Banks, pension funds and other investment groups representing more than $13 trillion in assets called for a strong global agreement on climate policy on Wednesday, saying it would lead to a flood of investment into the low-carbon economy.
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Three-day rally brings GE stock into black for '09

General Electric Co shares crossed into positive territory for 2009 on Wednesday, in their third day of steady gains, helped by recent brokerage upgrades and easing investor concern about its finance arm.
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Cheap solar? Texan house aims low to win contest

A solar-powered house built by a group of Texas students offers a blueprint for recession-hit U.S. families to reduce their carbon dioxide emissions and their electricity bills without busting their budget.
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Europe car makers facing Asian shakeup

The European car industry could face a further shake-up with Asian companies pouncing on the chance to buy assets as China's Beijing Automotive Industry Holdings has done with Swedish car maker Saab.
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China 3G standard needs overseas markets to succeed - ITU

China's domestically developed 3G mobile network standard must eventually expand overseas to be successful, one of many hurdles for the commercially untested technology, said the International Telecoms Union (ITU) on Wednesday.
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China think-tank bleak on global climate goal

An international goal to limit global warming to no more than 2 degrees Celsius appears unreachable even if China embarks on a vast effort to tame its growing greenhouse gas emissions, a Beijing think-tank has said.
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Chinese envoy holds talks in North Korea

An envoy to Chinese President Hu Jintao held talks with North Korean officials in Pyongyang on Wednesday, the Chinese Foreign Ministry reported, but it did not say if North Korea's controversial nuclear program was discussed.
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Tires case shows Obama new U.S. marshal on trade

President Barack Obama's decision to restrict tire imports from China shows a more activist approach to enforcing rights Washington has negotiated in trade deals, as well as making good on a promise to labor groups that helped elect him.
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China & U.S. war over auto, chicken after tires

China has started investigation procedures on auto and chicken products originally produced in the United States, Yao Jian, spokesman with the Ministry of Commerce (MOC), told a press conference on Tuesday, adding to a string of trade disputes with Washington including a recent decision to raise tariffs on Chinese-made tires.
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Credit Crunch Constrains International Buyers

Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtors Profile of International Home Buying Activity.
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G20 heads for crackdown on bank bonuses

Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.
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BEA to buy stake in China Golden Eagle fund: sources

Bank of East Asia Ltd (BEA), Hong Kong's fifth-biggest lender, plans to buy a minority stake in Golden Eagle Asset Management Co, seeking to tap rising Chinese demand for wealth management services, two people familiar with the situation said on Tuesday.
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China's Hu to unveil new climate proposals to U.N.

China's President Hu Jintao will present China's new plans for tackling global warming at a United Nations summit on climate change later this month, the country's senior negotiator said on Tuesday.
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Qingyuan, Daimler in talks to develop electric van-source

Chinese electric car maker Tianjin Qingyuan Electric Vehicle Co is in talks with Daimler AG (DAIGn.DE) to develop an electric version of a van made at the German automaker's joint venture in southeast China, a source said on Tuesday.
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Ssangyong hit unlikely to deter China carmakers

Cash-strapped South Korean automaker Ssangyong Motor (003620.KS) proposed a capital writedown on Tuesday that would slash the stake of SAIC Motor (600104.SS), its Chinese majority shareholder.
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Rivals jostle for JAL stake; Asia access prized

Japan Airlines Corp is likely to opt for a tie-up with Delta Air Lines Inc or AMR Corp's American Airlines, among rivals seeking to invest in the loss-making carrier, if Japan and the United States can reach an open skies agreement.

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