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RBS to close down some Asian businesses: memo

Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Singapore and Korea, according to an internal memo seen by Reuters on Tuesday.
China military

China Less Dependent on Arms Imports: Report

China has become less dependent on arms imports and, at the same time, has increased the volume of its arms exports, according to a report by the Stockholm International Peace Research Institute.
Iron and Steel Industry in China

Marubeni May Buy Stake In Australian Iron Mine

Marubeni Corp., a large Japanese diversified trading company, is in talks to buy a 10 to 12.5 percent stake in a huge iron mine owned by Australia's Hancock Prospecting, a source told Dow Jones.
North Korean leader Kim Jong-Un waves during a military parade in Pyongyang

North Korea's Planned Rocket Launch Alarms South Korea, US, Japan

North Korea will launch a long-range rocket carrying a satellite into space next month. The earth observation satellite will be set into orbit between April 12 and April 16, which will coincide with the nationwide celebrations for the birth of the country's founder, Kim Il-sung.
The new iPad

Maker Of Apple's New iPad Retina Display Is... Samsung

The relationship between Samsung and Apple is complicated. Even as the two tech giants continue to sue each other around the globe, a new report from iSuppli discovered that Samsung is the sole manufacturer of the Retina Display screen for the new iPad, which was unveiled on March 7 in San Francisco.
TCL Multimedia employees work at a production line in a factory in Huizhou, in China's southern Guangdong province October 8, 2010.

Beijing Takes a Brand-New Approach to 'Made in China'

Two new Chinese LCD screens in Beijing's imposing Great Hall of the People will replace screens made by a Japanese competitor, in a sign of resolve to supply the world with Chinese brands and not just Made in China products.
LG Optimus 4X HD

LG Optimus 4X HD: Sequel to Optimus G2x on T-Mobile? Superphone Battle Looms With Samsung Galaxy S3

LG announced several new smartphones at the Mobile World Congress in February, and one of them has even gone on sale already in South Korea. We don't know if the Optimus 4X HD will come to T-Mobile, but it could replace the Optimus 2X (renamed T-Mobile G2x). If it does, it could go head-to-head with the Samsung Galaxy S3 to be released later this year. LG has promised to update the G2x to the Android 4.0 system eventually, but the Optimus 4X HD is running the system now.
ECB President Draghi, one of the many central bankers who held interest rates steady Thursday

Central Bankers Hold Rates Steady On Inflation Concerns

Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
Facebook Vice President of Product Cox delivers a keynote address at Facebook's "fMC" global event for marketers in New York City

Facebook Suffers Technical Difficulties in Europe, Asia

World’s No. 1 social networking site Facebook was unavailable for almost 2 hours in Europe and parts of Asia on Wednesday morning. Facebook referred to it as “technical difficulties” and was able to fix it quickly.
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Wall St set to rise on jobs report, Apple eyed

U.S. stock index futures rose on Wednesday, a day after Wall Street suffered its worst selloff in three months and as a report showed the private sector added more jobs than expected.

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