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Daily Wrap Up for July 1 - Tech

China's sensor software rule delayed', not confirmed for how long - Facing strong resistance at home and abroad, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software on all new computers that are shipped and sold in China.

Jobs data signals hurdles amid factory glimmer

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U.S. manufacturing mustered its highest level of activity in nearly a year in June but surprising weakness in private sector employment signaled how feeble an economic recovery might be, reports released on Wednesday showed.

Wall St rises on recovery hope; jobs data eyed

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Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.
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Market leaps into Q3 on recovery bets, General Mills

Stocks rose on Wednesday, the first day of the third quarter, as investors took reassuring manufacturing data from China, Europe and the United States as signaling the world's economy is on the road to recovery.
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LG Display says considering additional LCD line

South Korea's LG Display Co Ltd said on Wednesday it was considering building an additional production line for flat-screen TV panels as the LCD industry slowly recovers due to healthy TV sales.
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GM China sets Record Sales in China

General Motors said on Wednesday its China vehicles sales rose 38 percent in the first half of 2009 from a year earlier as China's stimulus policies boosted automobile demand.
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China's Green Dam 'delayed', not confirmed for how long

Facing strong resistance at home and abroad, China on Tuesday delayed implementation of a controversial rule that requires all manufacturers to install Internet filtering software on all new computers that are shipped and sold in China.
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China's Web filter delay celebrated

Chinese Web users flooded to a trendy art zone cafe on Wednesday to celebrate a last-minute halt to a rollout of government-sponsored filtering software, and make a stand for freedom of expression in the Communist-run state.
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Iran demands EU apology before any nuclear talks

Iran, stung by European Union criticism of its handling of post-election unrest, on Wednesday accused the 27-nation bloc of meddling and demanded an apology before any more talks on Tehran's disputed nuclear program.
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China approves first major IPO in 10 months

Chinese regulators have given Sichuan Expressway Co final approval to float shares in Shanghai in the mainland's first major IPO since last September, which will raise at least 1.4 billion yuan ($205 million).
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Party celebrates China web filter delay

Chinese web users flooded to a trendy art zone cafe on Wednesday to celebrate a last-minute halt to a rollout of government-sponsored filtering software, and make a stand for freedom of expression in the Communist-run state.
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Oil rises above $70 on bullish API report

Oil climbed back above $70 a barrel on Wednesday as an industry inventory report showing a larger-than-expected fall in U.S. crude stocks buoyed hopes of a demand recovery and encouraged buying.
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Mood mixed among Asian shares

Asian stock markets put in a mixed performance on Wednesday, with Seoul gaining but Tokyo and Sydney weak as data showed the process of swinging the global economy around to a recovery would be a slow grind.
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All-day party celebrates China web filter delay

Chinese web users flooded to a trendy art zone cafe Wednesday to celebrate a last-minute halt to a rollout of government-sponsored filtering software, and make a stand for freedom of expression in the Communist-run state.
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Asia shares struggle as data shows going tough

Asian stock markets struggled to gain ground on Wednesday as economic data showed the process of turnaround to recovery was likely to be a slow grind, and the dollar capitalized on that more cautious sentiment.
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China's Internet backdown lauded by firms, activists

China's ambitions to strengthen control of the Internet with filtering software became a show of the limits of its power on Wednesday, as activists and industry groups welcomed AN abrupt delay of the contentious plan.
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China's Internet backdown lauded by firms and activists

China's ambitions to strengthen control of the Internet with filtering software became a show of the limits of its power on Wednesday, as Internet activists and businesses welcomed the abrupt delay of the controversial plan.
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Geely, others still eye Volvo cars takeover: source

China's Beijing Automotive Industry Holding Corp , rival Geely, and at least one Western industrial group remain interested in Ford Motor Co's Volvo car unit, a person close to the situation said on Tuesday.
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Seven aftershocks rock Sichuan in a day

Seven aftershocks hit Sichuan and its surrounding areas in a day, with thousands of houses and dozens of small bridges destroyed, China News Agency reported on Tuesday.
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China backs away from Internet filter

China has delayed indefinitely a much-criticized plan to force manufacturers to bundle Internet filtering software with personal computers sold in the country, in an abrupt retreat hours before the policy was due to start.
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Iraq auction terms deter oil firms

Iraq launched its first major energy auction since the 2003-led invasion on Tuesday, awarding its largest field to a BP-led group but doling out far fewer contracts than expected due to tough payment terms.
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Green Dam live date delayed

China will delay the mandatory installation of the controversial Green Dam-Youth Escort filtering software on new computers, the Ministry of Industry and Information Technology (MIIT) said on Tuesday.
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Zimbabwe secures $950 mln credit from China

Zimbabwe has secured $950 million in credit from China to help rebuild its economy, Prime Minister Morgan Tsvangirai said on Tuesday, the biggest offer from a single country since the unity government was formed.

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