CHINA

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China FX reserve comments push dollar to new lows

The dollar dropped to record lows versus the euro on Wednesday after comments by a Chinese official stoked fears the central bank of the world's fourth largest economy would reduce its holdings of U.S. assets.

$100 oil in Asia adds to exports worry

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Does Asia have more to fear from rising petrol prices as crude oil hurtles towards $100 a barrel than it does from slowing growth in its biggest export market of the United States?

Low-cost laptop production started

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A nonprofit group said on Tuesday production of a new laptop computer for children in developing countries had begun, a milestone that could shake up the PC industry by ushering in a new era of low-cost computing.
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Boot's on the other foot for executive job seekers

A global shortage of executive talent is forcing companies to be much more accommodating as increasingly restless senior managers demand less travel and more flexibility, executive search firms say.
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Experts say West can't stop Web radicalization

From behind a computer keyboard at his London home, student Younes Tsouli used the Internet to spread al Qaeda propaganda, recruit suicide bombers and promote Web sites that encouraged the killing of non-Muslims.
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Asia Markets See-Saw

Asian markets were volatile on Tuesday with indexes shifting between gains and losses after a turbulent Monday.
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ChemChina to acquire Nufarm

Nufarm said on Monday that it has received an acquisition proposal from China National Chemical Corporation (ChemChina) for $2.75 billion.
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PetroChina tops $1 trillion market cap in debut

PetroChina Co. shares more than doubled in their Shanghai debut Monday, giving the oil giant a $1 trillion market capitalization and easily surpassing Exxon Mobil as the world's largest company.
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Floods kill 46 in Vietnam, Typhoon Peipah nears

Floods have killed at least 46 people in central Vietnam in the last 10 days and a typhoon making its way across the South China Sea is forecast to dump more rain this week, reports said on Monday.
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Microsoft's Ballmer defends Facebook stake

Microsoft Corp Chief Executive Steve Ballmer said on Monday his firm's acquisition of a 1.6 percent stake in socializing Web site Facebook for $240 million was an important investment, not a mistake.
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U.S., Britain pressure Musharraf

The United States and Britain heaped pressure on Pakistan's President Pervez Musharraf on Monday, urging him to hold elections on time, as police detained hundreds of lawyers angry at his imposition of emergency rule.
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HKEx's lofty price justified by closer ties with China

Hong Kong Exchanges and Clearing , the world's most highly valued exchange with a staggering $36 billion capitalization, is still an attractive investment, given its strategic value will rise as its ties with mainland China inevitably deepen.
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ChemChina offers $2.75 billion for Australia's Nufarm

China National Chemical Corp (ChemChina) and U.S. private equity firms offered up to A$3 billion ($2.75 billion) on Monday for Australia's Nufarm Ltd, a deal that would create the world's largest generic farm chemicals firm.
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Gold off 28-year high, but holds above $800

Gold dipped but held firm above $800 an ounce on Monday because of surging oil and prices and a weak U.S. dollar and dealers said strong fundamentals could help the metal retest a record high of $850 soon.
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Shares fall as credit worries linger

Asian stocks eased on Monday with financial shares extending their slide as persistent credit worries offset a positive U.S. employment report, which showed twice as many jobs as expected were added last month.
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PetroChina shares triple in Shanghai debut

Shares in PetroChina, which raised $9 billion in the world's biggest initial public offer this year, nearly tripled in their market debut and far exceeded analysts' forecast, buoyed by the company's position in the world's second-biggest energy market.
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PetroChina tipped to double in Shanghai debut

Shares in PetroChina, which raised $9 billion in the world's biggest initial public offer this year, are set to double their price when they list in Shanghai on Monday, buoyed by the company's position in the world's second biggest energy market.
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Mazda Q2 profits rise, keeps forecasts on weak yen

Mazda Motor Corp posted a 1.5 percent rise in quarterly operating profit as a weaker yen, cost cuts and sales growth offset a cutback in shipments to North America, and kept its full-year profit forecast unchanged.

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