CHINA

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World Bank to recommend China financial reforms

The World Bank will recommend reforms to China's domestic financial system as part of broader proposals to help wean the country from a dependence on exports to sustain economic growth, World Bank President Robert Zoellick said on Saturday.
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Limelight on Political Changes, Risks in Major Asian Economies in 2012

Limelight on Political Changes, Risks in Major Asian Economies in 2012

The Asian political canvas looks challenging in 2012, with government changes in key countries likely to surprise investors and businesses. The highlights are a once-in-a-decade leadership change in China, chances of an early general election in India, worsening uncertainty in Pakistani politics and general elections in South Korea, Taiwan and Malaysia.
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American, US Air add surcharges in wake of EU law

American Airlines and US Airways Group have joined other big U.S. carriers in adding surcharges to flights in the wake of a disputed European law requiring airlines to pay for aircraft emissions.
Palladium bars

Palladium Likely to Outperform PGM in 2012

The deteriorating global growth outlook has meant the underperformance of the platinum group metals relative to gold, although supply disruptions could provide some relief to weaker demand. Of the PGM group, palladium is more likely to outperform in 2012, given its stronger links to U.S. and Chinese demand.
BMW

BMW tops Mercedes for US luxury car sales crown

BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advantage of inventory problems for Toyota Motor Corp's Lexus lineup.
iPad 3

iPhone 4S Launch ‘Delaying iPad 3 Release’; Is it Another Apple Marketing Gimmick?

Launch of iPhone 4S in China can delay the release of the much-hyped and much-awaited iPad 3, speculate experts. Now delaying the launch of iPad 3 can be another structured rumor or marketing gimmick of Apple as this world renowned electronics company is known for making a series of announcements at random times to fuel up the suspense among the Apple enthusiasts.
gold and silver

Gold to Average $1,875 This Year: Barclays

Barclays Capital released its 2012 price outlook for precious metals Thursday. Despite short-term hurdles, a clouded macro-economic environment against a backdrop of low interest rates and political uncertainties continue to stoke investor appetite for a more diversified and less riskier portfolio.
Iranian President Mahmoud Ahmadinejad gestures during his visit to speak in Shahrekord in Chahar Mahal and Bakhtiari province

Iran Wants Nuclear Talks in Turkey

After more than a month of posturing, Iran said it's ready to restart nuclear talks with the European Union, adding that Turkey would be the best place for a dialog.
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Aluminum slump has Alcoa staring at quarterly loss

NEW YORK - Alcoa Inc , the largest U.S. aluminum producer, could end up posting a fourth-quarter loss due to a dizzying drop in the metal's price in the last six months as the euro zone debt crisis and an economic slowdown in China hurt demand growth.

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