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China's BYD says Buffett wants to raise stake

U.S. billionaire Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co Ltd , BYD's chairman said on Monday, sending shares in his company up 8 percent.

China stocks tumble; yen jumps after Japan vote

Chinese stocks sank 6 percent to a three-month low on Monday, weighing on Asian shares, sapping investor willingness to take risks and giving the yen an added boost after Japanese voters swept the opposition into power.

Stock futures signal losses as commodities retreat

U.S. stock index futures pointed to a lower open on Wall Street on Monday for the last session of the month, with futures for the S&P 500 down 0.78 percent, Dow Jones futures down 0.77 percent and Nasdaq 100 futures down 0.87 percent at 0825 GMT (4:25 a.m. EDT).

Myanmar refugees wary of returning from China

Refugees who fled to China from armed clashes in northeast Myanmar are weighing a return to farms, homes and shops against fear of the Myanmar army, while both governments asserted that normality was returning.

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India losescontact with Moon Orbiter

India's national space agency said that communications with its first unstaffed spacecraft to orbit the moon were lost on Saturday and that its scientists were no longer controlling the orbiter.

Fleeing fighters say Myanmar crushed border enclave

Men who said they had been fighting Myanmar government troops in fierce battles over recent days streamed into China on Sunday, saying their long-autonomous enclave had fallen and its future was in doubt.

GM to form China venture, invest $293 million

General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

Geely only concrete Volvo Cars bidder so far -report

China's Geely Automotive (0175.HK) has submitted the only concrete bid so far for Ford Motor-owned (F.N) carmaker Volvo Car Corporation, a business daily reported on Saturday, citing an undisclosed source.

Fresh Myanmar fighting erupts, one dead in China

Fighting erupted in northeast Myanmar on Saturday after days of clashes in which the leader of ethnic forces said more than 30 government troops had been killed.

Taiwan president has no plans to meet Dalai Lama

Taiwan President Ma Ying-jeou will not be meeting the Dalai Lama when the exiled Tibetan spiritual leader visits next week, the president's office said on Saturday, a move aimed at avoiding renewed tensions with China.

Patriotic Chinese film stumbles over cast's citizenship

A patriotic Chinese film aimed at boosting national pride ahead of a key political anniversary has tempers rising instead, because many of the movie's stars are foreign citizens.

China Unicom in 3-year deal for Apple's iPhone

Apple's iPhone will go on sale later this year in China, the world's largest mobile market, but its partner China Unicom may find selling the phone carries its own burdens.

Apple to have XL tablet running full Mac OS X

Apple may be not only working on a 10-inch tablet, but also in 13 and 15 models, one running Mac OS X, Gizmo said on Friday citing a source that has always been 100% reliable.

Daily Wrap Up - August 28 Tech

Apple is geared to see huge profits next year with analysts predicting the company will sell somewhere between five and seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier

U.S. welcomes China move to cut auto parts tariffs

The United States on Friday welcomed Beijing's decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.

Apple to sell seven million iPhones in China in 2010-analyst

Apple will sell five to seven million iPhones in China in 2010 as a result of its deal with the country's second-largest mobile carrier, a Wall Street analyst said on Friday.

Analyst: 15-20% of all iPhone sales in 2010 to be sold in China

Tiffany results top view on cost cuts, demand

Tiffany & Co posted higher-than-expected quarterly earnings on cost cuts and slightly recovering demand for jewelry, and raised its full-year outlook, sending its shares up 8.7 percent.

Tengzhong may finalize Hummer deal next week: source

China's Tengzhong may finalize a deal with General Motors Co GM.UL as early as next week to acquire the U.S. automaker's Hummer brand, a source familiar with the deal said on Friday.

Kung fu artist ends hair-raising career to become nun

A Chinese kung fu artist who tows cars and cuts paper with her braided hair has given up her crowning glory to officially become a Buddhist nun.

Why is North Korea reaching out to its foes?

The rival Koreas were expected to finish talks on Friday about resuming reunions of families torn apart by the 1950-53 Korean War, in a rare meeting as the isolated North reaches out to its foes.

Tiffany results top view

Tiffany & Co posted higher-than-expected quarterly earnings on cost cuts and slightly recovering demand for jewelry, and raised its full-year outlook, sending its shares up more than 8 percent.

China's Shenhua Energy sees recovery at home, in Asia

China Shenhua Energy Co, China's largest coal producer, posted record quarterly profits on higher sales and output and said it expects a fledgling recovery in China and the region to boost demand.

Bosworth will not go to North Korea if he visits Asia

U.S. special envoy Stephen Bosworth will not visit North Korea if he goes to Asia soon nor does he have plans to meet North Korean officials elsewhere in the region, the U.S. State Department said on Thursday.

PetroChina in drive to pump up refining

PetroChina, the world's most valuable oil and gas producer, said it plans to pump up its refining capacity by two-thirds by 2017, banking on fuel pricing reforms at home to improve its finances as it bids to become a major global refiner.

China Unicom in deal for Apple's iPhone

Apple's iPhones will go on sale later this year in China, the world's largest mobile market, its partner China Unicom confirmed on Friday, after the country's No. 2 mobile carrier posted first-half profits that fell 45 percent yet beat expectations.

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