CHINA

S&N shareholders support takeover

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Brewer Scottish & Newcastle (S&N) has said that its shareholders voted overwhelmingly in favour of a £10 billion takeover big from a consortium of Carlsberg and Heineken. The vote was taken at an extraordinary general meeting on Monday.

Oil giants eyeing offshore Bangladesh blocks

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Commodity Online. DHAKA: Bangladesh s national oil, gas and mineral exploration company, Petrobangla on Sunday announced its decision to offer 28 blocks for offshore exploration rights.
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Gold traders welcome CRBC resolution

Commodity Online BEIJING: China Banking Regulatory Commission's ( CRBC ) decision to allow banks in China to trade gold futures is widely welcomed by gold traders worldwide.
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China's SSI reached 8-month record low

Affected by investor's worrying about interest rates rising, China's Shanghai Stock Exchange composite Index (SSI) fell 151.15 points,or 3.96 percent,to reach 3668.90 on Tuesday afternoon, which reached the 8-month-lowest record since July 2007. Shenzhen Stock Exchange component index fell 718.76 points,or 5.44 percent to reach 12489.02.
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Two concepts of 'inflation'

By David GallandWhile almost everyone sees price inflation when it happens, few people notice the monetary inflation that is causing it.
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YouTube Blocked in China

Access to YouTube in China was cut on Sunday after footages of the bloody protests in Tibet appeared on the site.
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China Sticks by its Tough Policies

The Chinese government said on Tuesday that China will not abolish the a series of economic laws and regulations that launched recently, even though these policies mean that foreign investors doing business in China become even more difficult.
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Apple, China Mobile iPhone Talks Not for Now

After mixed reports surrounding Apple and China mobile talks, the mobile carrier confirmed on Monday that it has not yet entered into negotiations to take the iPhone to China, saying such talks may be held closer to the release of a 3G version of the touch-screen handset later this year.

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