CHINA

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China deals on the rise, but bankers hard to find

Chinese demand has already fuelled booms in markets from copper to shipping, but the rise of the world's fastest growing economy is also driving up prices for another hot commodity: bilingual bankers.

China's Google, Baidu, eyes Japan expansion

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Baidu, known as China's Google, still intends to seek a domestic listing but is focusing for now on ramping up a fledgling Japanese service with plans to hire dozens of people in the second half.

Nikkei up on Bush subprime action hopes

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The Nikkei rose 2.6 percent on Friday as news that President George W. Bush will outline reforms to help homeowners with subprime mortgages sparked broad-based buying, and Dell Inc's earnings lifted high-tech stocks.
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China uncovers worms, substandard goods from U.S.

China has found microscopic worms in wooden packaging from the United States and uncovered substandard U.S. vitamin pills and fish oil for children, Chinese media said on Friday in the latest volley of cross-border accusations.
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China defends food safety standards to WHO

China has sent a notice to the World Health Organisation defending its food safety standards and sentenced another food and drug watchdog official for bribery, its latest moves to assure the world its exports are up to par.
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Seagate says had no buy offer from Chinese firm

Seagate Technology, the world's largest maker of disk drives, has dashed speculation that a Chinese firm wanted to buy the firm, saying it had received no such offer and had no intention of selling.
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Acer to buy Gateway, becoming 3rd largest PC maker

Taiwan's Acer announced on Monday that it has agreed to acquire U.S.-based Gateway for $710 million, zooming past China's Lenovo to become the world's third largest computer maker behind U.S. makers Hewlett-Packard and Dell.
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Adelson bets on Macau for world's biggest casino

The world's biggest casino opens in Macau on Tuesday, the most ambitious throw of the dice yet in a $24 billion effort to build a Las Vegas-style neon alley in this once-sleazy Chinese gambling enclave.
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Merkel presses China on climate change

German Chancellor Angela Merkel urged China on Monday to do more to halt climate change, prompting the response that the developed West has been polluting the skies for much longer than the newly developing Chinese.
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Bayer's Nexavar extends life in Asia trial

Bayer and Onyx Pharmaceuticals said they were stopping a late clinical liver cancer trial with Nexavar in the Asia-Pacific region so patients can get the drug sooner after encouraging results.
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Tsingtao H1 soars on rising beer demand

Tsingtao Brewery Co Ltd, China's best known beer brand, posted a 63.4 percent increase in first-half profit as rising Chinese incomes boosted demand for beer and a taste for more expensive brews.
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China Life profit soars on investments, premiums

China Life Insurance Co, the country's top life insurer, said on Monday its first-half profit more than doubled, topping forecasts, thanks to investment gains in a strong stock market and rising premiums in the fast-growing Chinese economy.
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Merkel to focus on climate, business in China, Japan

German Chancellor Angela Merkel will push for tougher global action against climate change on a tour of China and Japan next week which will also have business interests high on the agenda, officials said on Thursday.
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Smog smothers Japan, experts point to China

Smog is menacing Japanese cities for the first time in 30 years and cropping up in rural areas for the first time ever, alarming the government and prompting experts to point the finger at neighboring China.
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U.S. to push food, product safety at APEC summit

The United States will press China to do more to ensure the safety of its exports at a regional summit meeting next month in Sydney, U.S. Commerce Secretary Carlos Gutierrez said on Wednesday.
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Asia shares down on U.S. slowdown fears

Asian stocks fell on Friday on concern that problems in the U.S. housing and credit markets could push the world's biggest economy into recession, while the yen steadied against the dollar and euro.
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Wal-Mart steps up toy safety efforts

Wal-Mart Stores Inc said on Thursday it was taking more steps to make sure its toys are safe after Mattel Inc's recall this month of millions of Chinese-made toys.
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Nikon enlists new cameras in battle vs Canon

Nikon Corp's newest advanced cameras and a lineup of fresh faces will help it outrun rival Canon Inc in a scramble for loyal fans throughout Asia, Nikon executives said on Thursday.
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Top China lender ICBC's profit surges

Industrial and Commercial Bank of China Ltd, the world's biggest bank by market capitalisation, beat forecasts with a 61.6 percent jump in first-half profit, helped by widening interest margins and fee income growth.

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