CHINA

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U.S. risks persist, China in good stead so far: IMF

A renewed drop in housing prices could thwart the U.S. economic recovery in the short term while Washington's lack of a credible, comprehensive fiscal plan poses a major medium-term risk, a top IMF official said.

Toyota's China Sales Rise Sharply in February

Toyota's February sales in China, where the auto maker aims to double business by 2015, went up 51.3 percent. Toyota is seeking to push its Chinese sales past 1 million units this year.

Apple Foxconn Factory Conditions: Product Prices Expected to Rise with Worker Wages

Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.
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AB-InBev on shortlist for China brewery deal: sources

Anheuser-Busch InBev NV , the world's biggest brewer, and two Chinese brewers are on the shortlist to buy most of the operations being sold by China's Kingway Brewery Holdings Ltd <0124.HK>, sources with direct knowledge of the matter said.
Oil

Oil Pushes $110 on Iran Concern, Economic Data

Brent crude rose above $124 per barrel and West Texas Intermediate rose as much as $1.11 to $110.55 per barrel on Thursday as upbeat economic data from China and the United States brightened oil demand prospects.
Syrian Rebels

Syrian Rebels Leave Their Stronghold Homs

Defeated Syrian rebels left their shattered stronghold in Homs on Thursday after a bloody 26-day army siege aimed at crushing a symbol of the year-long revolt against President Bashar al-Assad.
Thermometer Found In Woman

Thermometer Found In Woman: Symptoms of Mercury Poisoning

Imagine living with a thermometer stuck inside your lungs. That is exactly what a woman in China has been doing for the past 44 years. Doctors feel that if the 2-inch-long tool breaks it could cause serious damage to Liu's body due to the mercury.
Rupee

Indian Exporters Receive First Rupee Payments from Iran

India's exporters have begun receiving the first rupee payments from Iran, Indian government and trade sources said on Thursday, kicking off a mechanism to skirt Western sanctions which have made doing business with Tehran tougher.
Gold pellets

Gold, Copper Producer Kazakhmys Posts Flat Profit

Copper miner Kazakhmys posted a flat core profit for 2011 as stronger metal prices were offset by an 18 percent rise in production costs, including soaring wages for skilled workers in Kazakhstan, home to its core operations.
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Europe drags on global economy, few policy options

Prospects for a strong recovery in the global economy darkened on Thursday as sputtering factory activity in Europe overshadowed more upbeat data from Asia, at a time when central banks are running out of policy options and reluctant to do more.

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