CHINA

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Cheap phones lift Nokia's profits

Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of cell phones, with the better than expected profits sending its shares higher.

Big Asia governments to stick to cheap fuel, for now

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Asian governments from Indonesia to China to India are in no rush to eliminate domestic fuel subsidies by raising cheap local pump prices, officials said this week, even as crude oil rockets toward $100 a barrel.
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Giant Interactive launches $800 million IPO

Chinese online game developer Giant Interactive Group Inc was set to begin marketing a U.S. initial public offering on Thursday worth roughly $700-$800 million, sources familiar with the deal said, joining a record-breaking capital-raising push by Internet firms.
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Bush urges China to meet with the Dalai Lama

President George W. Bush defended on Wednesday his plan to appear at an award ceremony for the Dalai Lama in the face of Chinese objections and urged Beijing to open talks with the exiled Tibetan spiritual leader China views as a separatist.
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Coca-Cola Co. profit tops estimates

Coca-Cola Co said on Wednesday that its quarterly net profit rose a better-than-expected 13 percent, helped by strong sales of noncarbonated drinks and the weak dollar.
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Singapore's Oculus agrees $410 mln reverse takeover

Oculus has entered into a reverse takeover agreement with waste recycling and carbon credit firm Aretae in a deal worth S$600 million ($410 million), the former contact lens maker said in a statement on Tuesday.
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Singapore's Best World 2007 profit growth to slow

Singapore's Best World, a health care firm focused on China, expects profit growth to take a hit this year due to higher costs from its aggressive expansion drive, a company executive told Reuters on Tuesday.
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China's CITIC bids for Bear Stearns stake

China's CITIC Bank Corp Ltd is bidding for a stake in Bear Stearns Cos, a senior Chinese regulator said, in the first official confirmation of media reports that the state-run bank was a potential suitor for the smallest of Wall Street's five big independent brokerages.
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Chinese State Owned Entrprises plan ‘overall listing'

Thirty Chinese central Stated-owned enterprises (SOEs) are planning overall listing, the China Business today cited an insider close to the State-owned Asset Supervision and Administration Commission of the State Council (SASAC) as saying.
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PetroChina tops $400 bln as investors bet on Q4

Shares of Asia's top oil and gas company, PetroChina Co Ltd, jumped 13 percent on Monday as news of increased production and hopes of major new discoveries spurred optimism about its performance in the fourth quarter.
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Alibaba.com plans Hong Kong IPO

China's biggest e-commerce firm, Alibaba.com Ltd, plans to raise as much as US$1.32 billion after setting a price range for its Hong Kong initial public offering, sources familiar with the deal said on Monday.
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Dollar firm on U.S. optimism

Asian stocks pared early gains on Monday, pausing after their recent rally, while the dollar held firm as strong U.S. retail sales data prompted investors to trim bets of further U.S. interest rate cut.
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Honda Hybrid Civic To Debut In India

Japanese Carmakers intend to export their hybrid models to emerging countries like India and China, anticipating these countries’ growing appetite for environmentally friend models, especially among the wealthy.
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FDA chief visits China to talk import safety

The head of the U.S. Food and Drug Administration, in China meeting with safety officials, said on Friday talks are progressing toward an agreement to boost the safety of food and drug imports.
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Baidu Tech Tumble to Spark Bubble Burst?

Technology stocks tumbled on Thursday as a sell-off in shares of Chinese Internet company Baidu.com fuelled concerns that the recent tech rally may be coming to an abrupt end.
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Nasdaq leads market's drop on Baidu.com note

Stocks sank on Thursday, led by a drop of more than 1 percent in the Nasdaq, as a downbeat brokerage comment on Chinese Internet company Baidu.com Inc. unnerved investors after record highs earlier in the day.
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Gold hits 28-year peak

A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
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Microsoft appoints COO in China

Eugenio Beaufrand was newly appointed as the chief operating officer of Microsoft Greater China Region(MGCR),the software giant announced earlier this week.
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Konecranes sees China driving Asia sales growth

Finnish crane maker Konecranes will capture 50 to 55 percent of its global sales in Asia in three to four years, up from 30 percent now, helped by robust demand in China, a senior executive said on Wednesday.

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