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Daily Wrap Up - July 7 - Industries

Hospitals' White House Deal; Rio team arrested in China; Opel's possible role on Mainland

G8 struggles to persuade China, India on climate

Rich nations sought to persuade China and India on Tuesday to agree to a goal of halving world greenhouse gas emissions by 2050 at a summit of major economies in Italy later this week.

Senate begins push for climate change bill

Democrats in the Senate on Tuesday began a drive to advance climate change legislation, a top Obama administration priority, amid warnings that a bill recently passed by the House of Representatives to reduce carbon emissions would have to be changed.

Russia, China to push global currency at G8 summit

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to think about a new global reserve currency as an alternative to the dollar, officials said on Tuesday.

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Chinese go online to vent ire at Xinjiang unrest

Chinese are venting their anger online after ethnic violence in the Muslim region of Xinjiang left at least 156 dead but are playing a cat-and-mouse game with censors who appear to be removing some posts and blogs.

Armed Chinese protesters seek vengeance for riots

Thousands of angry Han Chinese, many of them armed and seeking vengeance for deaths in rioting two days earlier, surged through the capital of the northwestern region of Xinjiang on Tuesday looking for Uighur targets.

China Development books $26 mln profit in property deal

Taiwan's China Development Financial Holding has sold its stake in the Taipei 101 building for an T$860 million ($26 million) profit to a unit of Ting Hsin International group, paving the way for the food company to enter the island's property market.

BAIC bid for Opel puts China in focus

Chinese carmaker Beijing Automotive aims to outmaneuver Canada's Magna in the race for General Motors unit Opel with an offer that foresees less state aid and fewer job cuts.

G8 plus G5 agree to end Doha in 2010

G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.

China to push global currency at G8

China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start seeking a new global reserve currency as an alternative to the dollar, officials said on Tuesday.

CNPC eyes $14.5 billion bid for Repsol YPF stake: sources

China National Petroleum Corp., the country's largest oil company, could pay up to $14.5 billion for 75 percent of Spanish oil major Repsol's Argentine unit YPF, sources said on Tuesday.

Stock futures signal losses as oil slips again

Wall Street was set for a lower open on Tuesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.5 percent at 4:17 a.m. EDT.

Oil extends losses below $64 on economic worries

Oil edged down on Tuesday, on course for its fifth consecutive fall and longest losing streak since February, on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.

Asia stocks up on tech, but recovery doubts dog

Asian stocks edged up slightly on Tuesday but struggled after a slide the previous day, while the yen held gains against higher-yielding currencies as investors doubt the speed of the global economy's recovery.

Asia stocks struggle, yen gains on recovery doubt

Dell to grab more SMB market in China

Dell Inc., the world's second-largest PC maker, will devote more resources to the small-and medium-sized business (SMB) market in China as it considers the segment will be the first to climb out of the recession, said a senior company executive.

U.N. council condemns N.Korea missile launch

The U.N. Security Council on Monday condemned North Korea's latest ballistic missile launches as a violation of council resolutions and a threat to regional and international security.

China erupted into deadliest riots since 1989

China has erupted into the deadliest ethnic riots Sunday since the 1989 military crackdown on the Tiananmen pro-democracy demonstrations.

Audi saw best-ever H 1 sales in China

Audi AG, a German subsidiary of Volkswagen AG, said on Monday it sold 67,000 cars in the January-June period, the best first-half result ever in the country.

Chinese pen instant Michael Jackson biography

Two Chinese writers slaved for 48 hours straight to produce an instant biography of late singer Michael Jackson, despite having never met him, a state-run newspaper said on Monday.

Exiled Uighur leader rejects China riot accusations

Exiled Uighur businesswoman and activist Rebiya Kadeer rejected on Monday Chinese allegations that she was behind rioting in China's northwestern Xinjiang region that left at least 156 people dead.

Midday Minute - July 6 - Energy

Toyota to mass produce plug-in electric cars by 2012, EU pushes U.S., Japan to a climate change limit, China to build its biggest wind power facility

Wrap up - July 6 - Energy

Emissions from U.S.power plants drop in 1Q, U.S. to deploy officials to China to highlight clean energy, Toyota's hybrid tops best-selling cars in Japan in June

China says 156 dead in Xinjiang riot

At least 156 people have been killed in rioting in China's northwestern Xinjiang region, with the government blaming exiled separatists for the traditionally Muslim area's worst case of unrest in years.

China's Vanke sees 57% jump in June sales revenue

China's Vanke, the nation's largest housing developer, has seen a 57% jump in its real estate sales revenue in June.

Chinese visit brings Italian deals worth $2 bln

Chinese President Hu Jintao's visit to Italy generated over $2 billion worth of deals between the two countries on Monday, including a Fiat SpA (FIA.MI) joint venture to produce cars and engines in China.

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