CHINA

Oil rebounds slightly, eyes U.S. inventory data

Oil moved higher on Wednesday, after falling sharply for the past two days, supported by expectations of a further fall in U.S. crude oil supplies and as OPEC brushed off U.S. calls to raise output.

HSBC profit up as U.S. bad debt charge jumps

HSBC Holdings Plc, Europe's biggest bank, said its third-quarter profits were ahead of last year's and revenue growth across the group offset a jump in its charge for bad debts in the United States. The trading update on Wednesday reassured investors that HSBC was not further exposed to big debts in mortgage-related financial products and was benefiting from its broad spread, and its shares jumped over 4 percent.

Oil slumps over 3.5 pct as demand outlook sours

Oil prices slumped more than 3.5 percent Tuesday after the International Energy Agency cut its forecast for world oil demand growth, saying that the recent surge in crude prices had already hurt consumption.

Market soars on tech, banks, Wal-Mart and oil

U.S. stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its biggest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks. years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.

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NTT DoCoMo to bid $1 bln for Vietnamese stake

NTT DoCoMo Inc, Japan's biggest mobile phone operator, expects to bid at least US$1 billion for a stake in Vietnam's No.2 mobile phone carrier and is eyeing investments in other Asian countries, an executive said.

China group says not concerned at BHP/Rio tie-up

China Yunnan Copper, China's third-largest copper producer, said on Tuesday a takeover of Rio Tinto Ltd by BHP Billiton Ltd would not be a cause for alarm for Chinese customers of raw materials.

Kodak to sell China Lucky stake, ending partnership

Eastman Kodak Co will sell its stake in Lucky Film Co Ltd, ending a four-year partnership with China's biggest photo film manufacturer, the two companies said on Tuesday.

HSBC braces for U.S. hit before issuing group update

Europe's biggest bank HSBC Holdings is expected to report another big hit from its exposure to the U.S. mortgage crisis on Wednesday, when it will also release a group trading update.

Ericsson eyes over 10 pct China sales growth

Ericsson, the world's biggest maker of mobile networks equipment, expects its China sales growth to exceed 10 percent per year in 2007 and 2008 amid robust demand in the world's fastest-growing major economy.

Yahoo expands mobile carrier deals across Asia

Yahoo Inc has struck new deals to offer mobile phone Web services through nine network operators across Asia, bolstering its increasing lead in the fastest growing regional market for mobile services by users.

China says sanctions will not help Iran dispute

Sanctions are not the way to resolve the deepening international confrontation over Iran's nuclear ambitions, China said on Tuesday, while also urging Tehran to be more compromising.

Metals ease on demand worry as BHP and Rio shares firm

Metals prices slipped on Monday on fears of waning demand, but mining giants BHP Billiton and Rio Tinto, engaged in a takeover battle, were among the big gainers on the London stock market.

More tightening to follow China bank reserve rise

The moves will keep the money and stock markets under pressure and possibly accelerate appreciation of the yuan.

Nikkei wipes out 2007 gains

Asian stocks sank on Monday with Tokyo's Nikkei hitting its lowest level in about 15 months as investors dumped Japanese exporters on the back of a surge in the yen to an 18-month high versus the dollar.

BHP considers $40 billion sale of petroleum arm: paper

BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said.

EU, Iran to hold nuclear talks this month: reports

The European Union's top diplomat and Iran's chief nuclear negotiator agreed on Sunday to hold a new round of talks on Tehran's disputed atomic ambitions by the end of this month, Iranian news agencies said on Sunday.

Average Chinese Wage Increase to $250

The average monthly wage of workers in Chinaâ€™s cities and towns in the first three quarters this year came out to 1,853 yuan(250$), showing year-on-year growth of 18.8%according to the data from a report issued by People's Bank of China (PBC).

China could be BHP partner and not rival in Rio deal

Chinese resource firms are unlikely to launch a counter-offer for Rio Tinto, but may hope to team up with BHP Billiton to clinch the deal, bankers said on Friday.

US trade gap narrows unexpectedly in September

The U.S. trade deficit narrowed unexpectedly in September to its lowest since May 2005 as exports set a record, according to U.S. Commerce Department data on Friday.

Chinese complaints increase doubts over Doha accord

Complaints from China have added to growing doubts over whether a global accord can be reached in World Trade Organisation (WTO) talks, diplomats said.

China coal mine gas leak kills 32

Thirty-two miners were killed in a coal mine gas leak in southwest China's Guizhou Province and three others are missing, state media reported on Friday.

China Merchant Bank Falls in Early Trading

Shares of China Merchants Bank Co. fell 0.9% to HK$34.20 in early Hong Kong trading Friday after the Federal Reserve announced Thursday it had approved the bank's plan to open a branch in New York.

Eli Lilly plans more drug development in China

U.S. pharmaceutical firm Eli Lilly & Co, maker of antidepressant Prozac and erectile dysfunction drug Cialis, said on Thursday it plans to develop more drugs in China because of lower costs and an ample pool of talent.

China tells Iran to heed international pressure

China on Thursday urged Iran to heed rising international worry about its nuclear ambitions, saying Beijing would seek to work with Europe and the United Nations to defuse the crisis but holding its tongue on any new sanctions.

United Airlines Opens Non-Stop China Flights

United Airline announced on Tuesday its plans to start daily nonstop flights from San Francisco to Guangzhou, China.

Oil, platinum scale peaks; dollar slumps

HONG KONG, Nov 7 (Reuters) - Oil soared above $98 a barrel for the first time on Wednesday and gold rose to a 28-year high as investors sought shelter from the falling dollar, which plumbed all-time lows.

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