CHINA

JPMorgan CEO sees more bank consolidation ahead

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JPMorgan Chase & Co may be called on by regulators for more acquisitions, as the U.S. banking sector is likely to see further consolidation, Chief Executive Jamie Dimon said on a webcast call on Monday.
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Swine Flu cases nears 1,000

The World Health Organization reported on Monday that 985 cases of influenza A (H1N1) have been reported across twenty countries.
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Asia stocks hit 7-month high on recovery hopes

Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
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ADB meet kicks off as Asia flexes financial muscle

The Asian Development Bank launched its annual meeting with donors on Monday, a day after the region announced its first independent liquidity facility, a $120 billion fund to counter the economic crisis.
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East Asia sets up emergency $120 bln fund for crisis

Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
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Asian nations set up $120 billion crisis fund

Thirteen East and Southeast Asian countries agreed Sunday to set up an emergency $120 billion fund to provide liquidity to any of them in need of help during the economic downturn.
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China on alert to bring back citizens from Mexico

China is to send a plane to Mexico to bring back some of its stranded tourists, Xinhua news agency reported Saturday, after a man was detected as the first confirmed case known as swine flu in Asia.
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China requests proposal for carbon tax

China's Ministry of Finance and the Ministry of Environmental Protection have requested a study on a carbon tax that may become a method for the nation to slash greenhouse gas emissions into the atmosphere.
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Oil rises above $51 on stock market gains

Oil prices rose on Friday, bouncing from losses earlier in the day, on support from equity markets and as traders sifted through evidence for hints of economic recovery.
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North Korea threatens nuclear tests over U.N. move

North Korea on Wednesday threatened a new nuclear test unless the U.N. Security Council apologized for tightening sanctions, confirming some analysts' fears that Pyongyang is determined to build an atomic arsenal.
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TSMC posts weak Q1 net, but recovery underway

TSMC , the world's biggest contract chip maker, reported its weakest quarterly earnings in nearly eight years on Thursday as a slowing global economy hit demand for technology products.
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Obama’s first 100 days show strong push for clean energy

President Barack Obama's energy plans and actions during the first 100 days of his administration reveal a strong emphasis on spending to promote renewable energy technologies that will generate jobs and an effort to shift the nation to a low-carbon economy.

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