CHINA

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Gateway gets $450M bid for retail ops

Gateway Inc. has received an unsolicited offer from eMachines founder Lap Shun Hui to acquire the computer and printer maker's retail operations for $450 million.

Fuji Film to set up China LCD filter venture

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Japan's Fuji Photo Film Co. and China's SVA Electron Co. Ltd. will together spend $270 million to make color filters used in liquid-crystal displays, Fuji Photo said on Tuesday.

China's aging population to slow economy: report

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China's one-child policy has led to an aging population and labor shortages that could undermine a key basis for the country's economic growth, its seemingly endless supply of cheap workers, a newspaper said on Monday.
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China rate surprise sparks calls for transparency

The surprise timing of China's latest interest rate rise partly reflects political pressure and shows the central bank falls short of the transparency and predictability that are the hallmarks of its rich-country peers.
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Venezuela To Increase Oil Sales to China

Venezuela's Energy and Oil Minister Rafael Ramirez said on Tuesday the country plans to increase oil sales to China to 200,000 barrels a day by the end of the year.
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Thin-skinned China targets online pranksters

China's censors are targeting on-line spoofs of films, celebrities and Communist icons, a Chinese newspaper reported on Tuesday, in the government's latest campaign to regulate Internet content.
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Global Chip Equipment Sales Skyrocket

Worldwide sales of chip-making equipment in June posted the highest percentage growth in months, with demand expected to grow still further in the next quarter, an industry group said Monday.
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Nigeria Gets Partial Funding For Railway Makeover

Nigeria is set to receive a $2.5-billion loan from the US Federal Government to assist government plans to rehabilitate and modernize the country's dilapidated railway system, President Olusegun Obasanjo said on Wednesday.
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Chinese labor policies mar African welcome

When Chinese investors bought struggling copper producer Chambishi Mining Plc, miners in this Zambian town gave them a heroes' welcome for averting its closure and for creating more jobs.
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China set for more baby-step fuel price hikes

China is all but certain to raise retail gasoline and diesel prices for a third time this year, but will not jack up rates by the more than 15 percent that would be necessary to close the gap with rallying crude costs.
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Qualcomm Could Blink First in Royalty Standoff

Faced with the possibility of losing India's leading CDMA mobile operator, wireless technology company Qualcomm could soften its negotiating stance and reduce royalty rates it charges even as it hints that fresh negotiations with other providers around the world are in the offing.
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Africa Exports to China Grow

Africa's trade with China has grown considerably with exports rising by 72 percent in 2005. The figure surpassed exports to Europe which only amounted to 30 percent, said Standard Chartered Bank on Wednesday.
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Forex market doubts strength of Paulson's dollar

Treasury Secretary Hank Paulson's public support for a strong dollar on Tuesday failed to fully convince the foreign exchange market, which is now bracing for further weakness in the U.S. currency.
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Cyworld Lands on Myspace

It has been tremendously successful abroad but now, Cyworld is trying to make a successful landing in Myspace territory.
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India, South Africa, Mercosur to Pursue Trade Talks

Countries such as India, South Africa and South American Mercosur nations will continue trade negotiations following the indefinite suspension of global trade talks through the World Trade Organization.
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African Reaction to WTO Collapse Mixed

The collapse of yesterday's WTO trade talks in Geneva has resulted in mixed feelings for Africa as it faces an uncertain future of high tariffs, officials said on Tuesday.
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An Urgent Time for Global Trade

After five years and very little to show for it, global trade talks meant to reduce poverty worldwide are at a crucial point.

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