CHINA

Blackstone plans China subsidiary, yuan fund: sources

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HONG KONG/NEW YORK - U.S. private equity firm Blackstone Group LP is in talks with the Shanghai city government to set up a wholly-owned China subsidiary as it prepares to launch a local currency private equity fund, sources said on Thursday.

Bluenext edges towards China emissions exchange

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French emissions exchange BlueNext has taken its first step toward a carbon trading platform in China with a deal to offer its clients a database of Chinese carbon-cutting projects, its chairman said on Thursday.
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China could yet buy more U.S. debt: former c.banker

China could still increase its holdings of U.S. Treasuries if the dollar is stable, even though the long-term trajectory is to diversify its foreign exchange reserves, a former central bank governor said in an essay.
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Green Dam Developers faces legal action

The controversial software to filter pornography and other unsuitable websites may face another yet another hurdle. The developers of the Chinese filtering software ‘Green Dam’ may face legal charges from the California-based Solid Oak, makers similar filtering software.
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China industry restructuring underway, NBS data says

China's National Bureau of Statistics (NBS) on Tuesday announced that the discrepancy between industrial output and power generation growth in May was due to industrial restructuring and the use of energy-efficient products.
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SCO summit agrees to adopt common currency

The Shanghai Cooperation Organization (SCO), comprising Russia, China and four ex-Soviet Central Asian republics--Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan-- held their own summit Tuesday in the Russian Ural city of Yekaterinburg.
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Waste Management CEO see imminent China deal

The chief executive officer of Waste Management Inc, the No. 1 U.S. trash hauler, said on Wednesday that he expects to announce a partnership to build refuse-fired power plants in China within the next 20 days.
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China says Rio-BHP ore JV smacks of monopoly

Rio Tinto and BHP Billiton's proposed iron-ore joint venture has a strong monopolistic flavor and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
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China warns Rio-BHP over ore venture

Rio Tinto (RIO.AX) and BHP Billiton's (BLT.L) proposed iron-ore joint venture has a strong monopolistic flavour and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
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Asia ex-Japan shares down 4th day; outlook foggy

Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight.
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Oil slides 4th day; resource shares fall

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
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Oil slides 4th day; resource shares fall in Asia

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.
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Obama, Lee warn North Korea brinkmanship won't work

U.S. President Barack Obama and South Korean President Lee Myung-bak presented a united front to North Korea on Tuesday, saying Pyongyang must abandon its nuclear weapons program and will not be rewarded for provoking a crisis.
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BRIC to be world's largest economy in 20 years

The leaders of the world's biggest emerging powers, Brazil, Russia, India and China meet this week for their first formal summit, seeking ways to reshape the global financial system after the worst economic crisis in decades.

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