CHINA

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Asian stocks slide; gold jumps on China hoard

Earnings disappointments drove Asian stocks lower on Friday, helping to snap the region's longest streak of weekly gains in 18 months, while gold shot to a three-week high above $910 an ounce after China revealed it now has the world's fifth-largest stock pile.
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China shows off its expanding, modernizing navy

China celebrated its military confidence at sea Thursday, when anniversary celebrations for the founding of its navy climaxed with a show of the warships and submarines projecting its spreading power.
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Toyota first-quarter global sales fall 27 percent

Toyota Motor Corp said on Thursday its group-wide sales fell 27 percent to 1.767 million vehicles in the first quarter of 2009, keeping it ahead of Volkswagen AG as the world's top-selling carmaker.
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Yum's profit beats view on overseas strength

Yum Brands Inc , parent of the Taco Bell, Pizza Hut and KFC chains, posted a quarterly profit on Wednesday that topped analysts' expectations as global sales at established restaurants rose 1 percent, sending shares up 3 percent.
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Geithner urges global effort to tamp crisis

The United States bears substantial blame for the woes besetting the world economy but it will take a global effort to ease those strains, U.S. Treasury Secretary Timothy Geithner said on Wednesday.
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World economy in severe recession, IMF says

The International Monetary Fund on Wednesday slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.
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Geithner acknowledges U.S. fault in crisis

The United States carries a substantial share of blame for the current economic crisis but the world must work together to ease the strains, Treasury Secretary Timothy Geithner said on Wednesday.
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Honda seen beating 08/09 profit estimate: report

Honda Motor Co's operating profit for the last financial year will likely beat the company's estimate by a small margin thanks to a weaker yen and better-than-expected sales in China, a newspaper said on Wednesday.
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Honda seen beating profit forecast: report

Honda Motor Co's operating profit for the last financial year will likely beat the company's estimate thanks to a weaker yen and better-than-expected sales in China, a newspaper reported on Wednesday.
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Lockheed says F-35 classified data not breached

The Pentagon and Lockheed Martin Corp, its top supplier, discounted a Wall Street Journal report that cyber spies had stolen secrets of the F-35 Joint Strike Fighter aircraft being built for the United States and nearly a dozen allies.
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Vestas new China plant to make 800 turbines a year

Vestas (VWS.CO: Quote, Profile, Research), the world's biggest wind power equipment producer, plans to produce 800 of its new V60-850 kilowatt units per year at its new factory in Inner Mongolia once it goes into full operation in a year's time, Lars Andersen, the company's China president, said on Tuesday.
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Wall Street rises on banks, United Tech, tech sector

Stocks rose on Tuesday, led by the financial sector, after Treasury Secretary Timothy Geithner said the vast majority of U.S. banks are well capitalized and industrial bellwether United Technologies Corp reported forecast-beating earnings.
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China to show off resurgent naval strength

China will show off its resurgent naval strength this week at a parade marking 60 years since the founding of its navy, presenting its fleet of warships and nuclear submarines as a force for peace, not aggression.
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Penguin signs China e-book deal as sales rise in U.S.

Penguin Group has become the first international publisher to sign an English electronic book distribution deal in China after seeing significant growth in the United States, the head of the group said on Tuesday.
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Solar stocks in for a dose of reality after runup

Solar stocks have skyrocketed since March on optimism about government efforts to stimulate demand for the clean energy source, but analysts warn that with earnings season beginning, investors in the high-flying sector are in for a strong dose of reality.

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