CHINA

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Japan's Fukuda eyes warmer China ties

Tokyo must keep a thaw in ties with China on track, the frontrunner to be Japan's next prime minister said on Sunday, while urging Beijing to better explain its ballooning military spending.

Iran carpet traders hope quality will trump rivals

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Standing next to piles of exquisitely hand-woven Persian carpets, Hossein Ghaseminia is confident his rugs, which cost up to $50,000, can see off cheaper Asian rivals and ride out threatened U.S. sanctions.

Stocks, currencies subdued, await Fed meeting

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Asian stocks took a breather on Monday after four straight weeks of gains, with expectations of a U.S. interest rate cut this week helping to offset renewed worries about a global credit squeeze.
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U.S.-China end safety talks

China will work with the United States to ensure the safety of exported toys and other goods, a top Chinese official said, but Beijing still insists it is not solely to blame in recent safety scandals.
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Japan leadership race starts after PM quits

Japan's finance minister became the first to launch a bid to lead the country on Thursday as the ruling party scrambled to avoid a policy vacuum after Prime Minister Shinzo Abe's shock resignation.
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Alcoa, Buffett China selldowns unlikely to catch on

Foreign companies that have poured billions of dollars into Chinese stocks are not looking to bail out, despite a decision by two major U.S. firms to cash in and realize huge profits from their investments.
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Flooding leaves millions homeless in S.Asia

Soldiers in motor boats rescued thousands of marooned people and helicopters air-dropped food as the number of people made homeless after some of the worst flooding in years in India's northeast rose to 3.5 million.
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U.S. and China promise Americans lead-free toys

U.S. and Chinese officials agreed on Tuesday to take immediate steps to stop the use of lead paint in toys made in China following toy recalls that have scared American parents ahead of holiday shopping.
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McDonald's August sales top view, shares rise

McDonald's Corp. on Tuesday reported an 8.1 percent rise in August same-store sales, easily beating analysts' expectations on strong breakfast and beverage sales in the United States and extended store hours in China and Australia.
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Toyota says on track for 5 percent U.S. sales growth

Toyota Motor Corp. should hit its target of 5-percent U.S. sales growth this year despite a recent slowdown and building concerns about the knock-on effect of the subprime mortgage crisis, the automaker's chief financial officer said on Monday.
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China safety chief urges staff: don't lose heart

China's product safety chief has urged his officials not to be discouraged by current global concern about Chinese goods, but warned them in the same pep talk their jobs may be at risk if they don't perform up to scratch.
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Blackstone agrees to buy 20 percent of China BlueStar

Blackstone Group has agreed to buy 20 percent of chemical maker China National BlueStar (Group) Corp for up to $600 million, the private equity groups said on Monday, marking its first major investment in the fast-growing market.
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In pure Arctic air, signs of China's economic boom

In the apparently pure Arctic air, a research station on a Norwegian island mountain ridge finds tiny chemical traces from factories in Russia, pesticides in Israel or China's coal-fired power plants.
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APEC leaders urge speedy Doha trade deal

Asia-Pacific leaders said on Sunday they saw real progress in world trade talks now underway in Geneva and pledged flexibility and the political will to forge a deal by the end of 2007.
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Private banks face China challenges

China's booming economy is creating more than 70 millionaires a day, but foreign banks don't have enough products, client managers or offices to tap into the market for top-end private wealth services.
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APEC draft climate statement seen a compromise

Asia-Pacific officials agreed on Friday to a draft climate statement which reaffirms a U.N. treaty on fighting global warming, while urging non-binding aspirational targets for greenhouse gas reductions, a delegate said.
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Chysler Hires Away Another Top Exec

Chrysler has lured another high-profile executive, this time from Asia, into its ranks on Friday, following a similar move a day earlier as the company seeks to revive its struggling operations.
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APEC leaders aim to ban grease payments

Asia-Pacific leaders will fire a shot in the battle against corruption at their weekend summit, endorsing a code of conduct banning companies from paying bribes to speed up deals or making dubious political contributions.
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Bush and Putin engage Asia at APEC

At the Asia Pacific Economic Cooperation summit, Bush said he would consider a peace treaty with North Korea if it gave up nuclear arms.
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Microsoft says some way to go on software piracy

Microsoft Corp. said on Friday it may take decades to tackle software piracy in large emerging economies despite some recent progress and called on Asian governments to invest more in policing the practice.

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