CHINA

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Tengzhong's Hummer deal is trade, not investment

Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors Co should be viewed as a trade in technology and not an overseas investment, a top Chinese planning official said on Thursday.

Green cars, green shoots at Frankfurt

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Carmakers, stung by recession and unsure of their future as government support wanes, will put on a brave face at next week's Frankfurt Motor Show, promoting the green technologies they hope will be their salvation.
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Brilliance near deal with Daimler, Toyota-source

The state parent of Brilliance China Automotive (1114.HK) is near a deal to make special purpose vehicles in China with Daimler AG (DAIGn.DE) and Toyota Motor (7203.T), a company source said on Friday.
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China tainted milk parents mourn, seek support

Chinese parents wept at a memorial for babies poisoned by tainted milk powder, demanding support for sons and daughters still sick a year after the scandal broke and more research into long-term problems.
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Needle attacks and rumors spread in China's Xinjiang

Mysterious needle attacks have spread to new cities in China's restive far-western region of Xinjiang, the China Daily said on Friday, although once again the assaults appear to be a mix of real and imagined.
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Wall Street flat after five days of gains

U.S. stocks were little changed on Friday as positive data and a rosier outlook from FedEx supported hopes for economic recovery, but Wall Street struggled for traction after five days of gains.
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World must help China shift to clean growth: Stern

China will have to retool its engines of economic growth to help the world avoid increasingly dangerous levels of greenhouse gas emissions in coming decades, a leading expert on the economic impact of climate change said.
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Wall Street set to rise on recovery hopes

Wall Street was set for a modestly higher open on Friday as investors were optimistic about economic recovery prospects and FedEx said its first-quarter earnings would exceed expectations.
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Wall Street set for flat open after 5-day run

Wall Street was poised for a flat to higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but stocks could stall after five days of gains.
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Japan Q2 GDP revised down as inventory falls

Japan's economy grew a revised 0.6 percent in the three months to June, less than preliminary figures had shown but confirming that the economy crawled out of recession after a full year of sharp contraction.
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Futures edge up after Geithner comments, China data

U.S. stock index futures indicated a modestly higher open on Friday as positive remarks from Treasury Secretary Timothy Geithner supported optimism for a recovery, but Wall Street could stall after five days of gains.
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China economy surprisingly strong; policy intact

Chinese industrial output and other economic data surprised on the upside in August, suggesting its recovery is on a solid course but not so strong that Beijing will need to hit the policy brakes anytime soon.
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China auction site Taobao sees sales doubling in '09

China's largest online auction site Taobao is banking on rural transaction growth and its online mall selling top brands to double its revenue growth this year and help it break even, its chief executive said on Friday.
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China Mobile targets $150 handset to boost 3G

China Mobile, the world's largest mobile carrier by subscribers, said on Friday it hoped to soon have lower-cost handsets for its 3G service, as it tries to popularise the service based on a homegrown standard.
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Carlyle raising $3 bln Asia buyout fund -sources

The Carlyle Group is raising a new Asia buyout fund with target size up to $3 billion as the U.S. private equity giant aims to tap more deals in Asia, two fund industry sources said on Friday.
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China data buoys Asia shares

Asian shares edged up on Friday as strong Chinese economic data supported regional recovery hopes, but Japanese exporters were hurt by a stronger yen as the dollar fell to its lowest in a year against a basket of currencies.

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