CHINA

Solar stocks in for a dose of reality after runup

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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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Enzyme maker in $13 billion biofuel deal

Industrial enzyme maker Novozymes A/S, which has teamed up with China's COFCO and Sinopec for a biofuel project, will jointly invest up to 90 billion yuan ($13.17 billion) with the two companies in the deal, the South China Morning Post reported on Monday.
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Asia stocks edge up, but Aussie and oil retreat

Asian stocks edged up on Monday, holding near a six-month peak and withstanding an early bout of profit-taking as investors eyed a slew of corporate earnings reports around the world this week.
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Rio to scrap Chinalco deal if shareholders opposed

The new chairman of global miner Rio Tinto said he would meet major shareholders in London next month, and would be prepared to scrap a $19.5 billion tie-up with China's state-owned Chinalco if they looked certain to oppose it.
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Chastened Rio Tinto stands by Chinalco deal

Global miner Rio Tinto defended itself on Monday against shareholder criticism of its proposed $19.5 billion tie-up with China's state-owned Chinalco, its rejection of a takeover bid by BHP Billiton and its costly 2007 purchase of Alcan.
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China Changan Auto eyes overseas acquisitions

Major Chinese auto group Chongqing Changan Auto Co is planning acquisitions overseas as it prepares to enter Europe and North America where the industry downturn has hit hard, its chairman said on Sunday.
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Geithner sees no new banking crisis: report

U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.
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U.S. Geithner sees no new banking crisis: report

U.S. Treasury Secretary Timothy Geithner does not see a second wave of banking collapses and the government is ready to support capital-raising when needed, a Japanese newspaper said on Sunday.
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China Guangdong Nuclear fund raises $1 bln

A fund run by China Guangdong Nuclear Power Group, one of China's two leading nuclear power developers, has signed a deal raising 7 billion yuan ($1.03 billion) for nuclear and other energy projects, the Xinhua news agency said on Saturday.
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Regional powers aim to rein in North Korea

Russia's foreign minister will visit North Korea next week, a source said on Friday, as regional powers try to prevent the state from restarting its nuclear arms plant and defuse tensions that have rattled regional security.
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Volkswagen may oust Toyota as world leader

Volkswagen AG may have overtaken Toyota Motor Co to become the world's top-selling carmaker in the first quarter, thanks to government incentives that fueled demand in VW's major markets.
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VW sales may overtake Toyota as world leader

Volkswagen's global vehicle sales fell by 11.4 percent in the first quarter but its market share gains may have let it overtake Japan's Toyota Motor as the world's top-selling automaker.
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Corporate results support stocks, outlook foggy

Asian stocks rose on Friday after results from JPMorgan and Google kept shares on track for a sixth week of gains, while the euro fell to a one-month low on uncertainty over what non-standard policy action the European Central Bank will enact.
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Corporate results support stocks but outlook hazy

Asian stocks rose on Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with Asian shares outside Japan on track for a sixth week of gains.
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Volkswagen may overtake Toyota as No.1 in Q1

Volkswagen AG may have passed Toyota Motor Corp as the world's top selling automaker in the first quarter, helped by robust demand in its main markets, while its Japanese rival suffered sharp declines, partial company data suggests.
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Volkswagen could overtake Toyota as world No.1

Volkswagen AG may have passed Toyota Motor Corp as the world's top selling automaker in the first quarter, helped by robust demand in its main markets, while its Japanese rival suffered sharp declines, partial company data suggests.
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Obama says U.S. high-speed rail overdue

President Barack Obama outlined his plan for long overdue high-speed rail on Thursday that would rival air travel, create jobs and help curb the U.S. transportation system's appetite for oil.

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