CHINA

Strong sales to drive BHP H2 profit growth

BHP Billiton Ltd./Plc., the world's biggest mining house, should post record second-half profits on strong sales of industrial minerals such as copper, iron ore, coal and petroleum products.

China Mobile Q2 up 28 percent

China Mobile Ltd., the world's largest wireless operator, posted a better-than-expected 28 percent jump in quarterly earnings as more users switched to mobile phones, despite sacrificing margins to woo poorer rural customers. The firm and rival China Unicom Ltd. are slugging it out to sign up poorer customers in smaller cities and the countryside, with subscriber growth slowing in the world's largest telecoms arena -- chipping away at margins.

U.S. parents say wary after China product recall

The recall of millions of Chinese-made toys by U.S. toy company Mattel Inc. will make Americans more cautious about buying toys made in China but will not deter them, parents said.

Asia property retains allure in stormy market

The region is still a safer bet than struggling U.S. and European markets despite an expected dip in investment due to higher borrowing costs from the U.S. subprime crises.

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Research: Recreation, leisure a top expense for affluent Chinese

A new survey says 92.6 percent of affluent families in China which annual income exceeding $25,000 spend about $10,000 in leisure and entertainment every year, according to the research released on Monday by MasterCard International.

U.S. pushes ahead in WTO piracy case against China

The Bush administration asked a world trade panel on Monday to force China to crack down on pirated goods, like U.S. movies and software.

China inflation surges, but not yet a global peril

As China's export prices rise, a pressing global debate is emerging: is the 'China price' pumping up world inflation?

China jails reporter for cardboard dumpling hoax

A Chinese court on Sunday sentenced a television reporter to one year in jail for fabricating a report that Beijing dumpling makers used cardboard as a filling.

Economic policy mistakes hurt Iraq: U.S. official

Years of economic policy mistakes after the fall of Saddam Hussein left unemployed young Iraqis easy targets for recruitment by al Qaeda and other insurgents, a U.S. Defense Department official said on Sunday.

China's central bank says economic data flashing danger

China's economic indicators may have entered the danger zone, forcing the central bank to continue tightening steps to prevent the economy from overheating, a senior central bank official said in remarks published on Monday.

China recall toy factory boss hangs himself: report

The boss of a Chinese toy manufacturing company involved in a Mattel recall after its products were found to contain excessive lead levels has hanged himself, Chinese media reported on Monday.

Asian stocks tentatively higher, yen steady

Asian stock markets made a tentative recovery on Monday following last week's hammering as fears of a global credit crisis eased after central banks around the world pumped money into banking systems.

China's mortgage quality worse than U.S.: academic

The quality of Chinese home loans is worse than in the United States, where a subprime mortgage crisis is causing turmoil in global financial markets, according to a prominent academic quoted in a Hong Kong newspaper on Sunday.

China Public provides surveillance software: report

U.S.-financed China Public Security Technology will provide software that links to at least 20,000 police surveillance cameras being installed along streets in southern China, according to the New York Times on Sunday.

Extreme floods hit 500 million people a year

Homes and farmland drowned in increasingly severe floods are affecting some 500 million people a year and straining relief efforts, a senior U.N. official said on Thursday.

China defends toy safety, says problems limited

Chinese-made toys are overwhelmingly safe and the number of unsafe products is dwarfed by the total export value, state media said on Friday, a week after Mattel pulled goods because of fears about lead in paint.

Chinese stocks value surpasses nationâ€™s GDP for first time

After a wave of initial public offerings in recent years, the total market value of stocks listed on two major Chinese stock exchanges surpassed the countryâ€™s GDP for the first time on Thursday.

China targets toy and drug manufacturers

China has banned two factories from exporting toys after a high-profile recall of Mattel products including Big Bird and Elmo because of fears about lead in paint.

Bush: Economy can deal with market volatility

President George W. Bush said on Wednesday that the U.S. economy was solid and well-positioned to deal with the stress from continuing financial market volatility.

Emerging economies to edge past developed nations by 2050: study

Emerging economies will edge past the developed countries in terms of economic growth by 2050, the Ernst and Young European Attractiveness Survey 2007 has revealed.

McDonald's raising China pay after controversy

Facing minimum-wage violation accusations, it will give its Chinese employees their first across-the-board pay rise.

Wynn Resorts posts strong profit, shares soar

Wynn Resorts Ltd posted a profit on Monday that topped Wall Street targets on strong results out of Las Vegas and China's gambling haven of Macau, and the company's shares jumped more than 10 percent in extended trading.

Toyota sees its world output at 10 mln units: report

Toyota Motor Corp has told its parts makers that it is planning global output of over 10 million vehicles in 2008, up more than 6 percent from its plans this year, the Nikkei business daily reported on Tuesday.

China to send North Korea fuel oil in nuclear deal

China is to provide energy-starved North Korea with 50,000 tonnes of heavy fuel oil in mid-August as part of a nuclear disarmament deal Pyongyang reached with regional powers in February, Yonhap news agency said on Sunday.

Mortgage stress to spur more stock volatility

More signs of weakness in the mortgage market, another surge in oil prices and a Federal Reserve rate decision could create more turbulence for Wall Street this week.

China auto exports to grow 48.5 percent in 2007

China expects auto exports to grow by 48.5 percent in this year compared to 2006, according to a government forecast.

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