SOUTH KOREA

Hu visits U.S. heartland to tout business ties

Chinese President Hu Jintao took his political roadshow to the U.S. heartland on Friday, visiting Chicago to highlight business and cultural ties between the world's two largest economies.

S. Korea rescues hijacked ship from Somali pirates

Special Forces from South Korea stormed a cargo ship taken over by pirates in the Arabian Sea and rescued the 21-member crew. The rescue attempt occurred a week after the cargo ship, Samho Jewelry, was hijacked by Somali pirates. The ship had eight South Koreans, two Indonesians and 11 people from Myanmar and was carrying chemicals from the UAE towards Sri Lanka.
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POLL - Asia to see soaring prices in 2011

Asia's rapid economic growth will moderate slightly in 2011 even as policymakers combat rising prices with higher interest rates and try to keep local currencies from appreciating too sharply, a Reuters quarterly poll showed.

HK stocks seen up, China data keeps investors wary

Hong Kong stocks are set to rise on Wednesday following a higher close on Wall Street which was supported by commodity-related counters and strong earnings from technology bellwethers Apple (AAPL.O) and IBM (IBM.N).

China's Hu upbeat, but resists US yuan concerns

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.
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China's Hu upbeat in interview on eve of U.S. summit

Chinese President Hu Jintao called on Sunday for an end to zero sum Cold War behavior and suggested new cooperation with the United States in areas like energy, infrastructure development, aviation and space.

U.S.-China summit must deliver real results - Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.

China raises bank reserves; more tightening seen

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months, stepping up the fight against inflation that it has vowed will be a top priority for the year.

U.S.-China summit must deliver real results: Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.

Scientists make chickens that don't spread bird flu

British scientists have developed genetically modified (GM) chickens that cannot transmit bird flu infections -- a step that in future could reduce the risk of avian flu spreading and causing deadly epidemics in humans.

China says six-party talks key to N.Korea dispute

China said that six-party talks were more suitable than the U.N. Security Council for solving the nuclear standoff on the Korean peninsula, a senior Chinese diplomat said on Friday, days before a summit with President Barack Obama.

U.S. again urges North Korea to meet its obligations

U.S. Defence Secretary Robert Gates on Friday held out the possibility of a resumption of six-party talks if North Korea ceases provocations and meets its obligations, but said there was no sign of it changing its ways.
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Euro steadier after bounce, global stocks ease

The euro paused on Friday but was still on track to post its best weekly performance against the dollar in 20 months, while Asian equity markets struggled to extend recent gains, with Japan's Nikkei retreating from an 8-month peak.
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Intel positive on PC growth in emerging Asia

Intel Corp is positive about growth in PC sales in emerging Asia, particularly in China and India, a top executive said on Friday, a day after the chip heavyweight posted market-beating revenue and margins for the fourth quarter.
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HK stocks seen lower on weak materials sector

Hong Kong stocks are set to ease on Friday morning as investors take profits after three days of strong gains, and shares of materials-related companies could decline due to falling commodity prices.
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ECB says ready to act on inflation if needed

The euro zone faces short-term price pressures which could linger, the European Central Bank said on Thursday, showing it is ready to raise interest rates if needed although it expects inflation should be contained.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

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