CHINA

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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.

Clean coal to qualify for Kyoto carbon offsets

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Very efficient coal-fired power plants will be able to sell carbon offsets under the Kyoto Protocol, in an expansion of project eligibility under the carbon trading scheme, U.N. official Jose Miguez said.

Toyota to build a new factory in Japan

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Toyota Motor Corp, the world's biggest auto maker, plans to build a new car plant in Japan to revamp its production facilities, domestic media reported on Friday.
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Chinese shares dangerously high: economist

Chinese shares have reached a dangerously high level because the market is failing to price risks properly, just as investors misjudged the value of U.S. subprime mortgages, an academic economist said on Thursday.
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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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APEC moves to secure food safety, not aimed at China

Chinese President Hu Jintao said on Thursday that Beijing took product safety very seriously, as Asia Pacific ministers agreed to set up a food safety taskforce to ensure the health and safety of the region's population.
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China PR machine overwhelmed by safety crisis

China has been overwhelmed by the storm of criticism and level of interest in recent product safety problems, but it will be a good learning experience, a public relations executive said on Thursday.

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