CHINA

India and Pakistan say peace talks to resume

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India and Pakistan said on Thursday they would resume formal peace talks but issues such as militancy and the disputed Kashmir region are likely to slow any progress towards defusing tensions.
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Korea talks collapse in setback for nuclear dialogue

Military talks between the rival Koreas have collapsed, a unification ministry official in Seoul said on Wednesday, dealing a setback to efforts to restart international aid-for-disarmament talks.
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China Vanke says Jan property sales jump 221 pct

China Vanke, the country largest developer by sales, said on Wednesday property sales jumped 221 percent in January from a year ago to 20.1 billion yuan ($3.07 billion).
Chinese ice climbers typify outdoor sports boom

Chinese ice climbers typify outdoor sports boom

Dozens of Chinese climbing enthusiasts scaled huge, frozen waterfalls in rural Beijing, taking part in a competition showcasing the rapid rise in popularity of outdoor sports.
China raises mortgage rates for housing fund

China raises mortgage rates for housing fund

China on Wednesday increased the cost for people borrowing from a fund designed to support first-time home buyers, in line with the country's latest rise in benchmark interest rates.
Traders work on the floor of the New York Stock Exchange

US stocks open lower ahead of Bernanke Testimony

U.S. stocks opened modestly lower on Wednesday as investors await comments from Federal Reserve Chairman Ben Bernanke on the economic outlook and monetary policy.
Government Panel Recommends Opportunities for Workers 55 and Up

Top Five Reasons for High Unemployment in US

Though the official version, and most of the media, paints a rosy picture, the reality on the ground is vastly different, with people finding it ever harder to find jobs, according to many observers. Some even say the BLS unemployment figures are an eyewash.
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Gold holds near 3-week highs, China inflation eyed

Gold held close to the previous session's near three-week high in Europe on Wednesday, supported by an increased focus on inflation after China's second interest rate hike in six weeks.
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Facebook opens sales office in Hong Kong

Social networking site Facebook on Tuesday opened shop in Hong Kong to expand its presence in Asia notwithstanding its ban in mainland China.
Macau's Ho to restart legal action against family-lawyer

Macau's Ho to restart legal action against family-lawyer

Macau gaming magnate Stanley Ho is set to take fresh legal action against family members, his lawyer said on Tuesday, in the latest U-turn in a dynastic tussle for control over one of Asia's largest fortunes.
Citigroup

China's hostile audit raised Citi hackles: WikiLeaks

China used its regulatory powers to scour the books of Citibank Shanghai in a hostile and extraordinarily intrusive 2007 audit that appeared primarily aimed at controlling Citi's growth and uncovering its secrets to success, the bank's top China executive at the time told U.S. officials.

Stocks rise, Dow gains for 7th straight day

The Dow Jones Industrial Average scores its seventh straight daily gain, as U.S. stocks seemed to shrug off another interest rate hike by the central bank of China.
Korean

Rival Koreas meet for talks as tensions ease

The rival Koreas held their first talks since a deadly attack on a South Korean island last year amid signs of a thaw in tensions as momentum builds for a resumption of aid-for-disarmament negotiations.
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Gold jumps 1 percent, speculators cover positions

Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.
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Sundance says Cameroon project costs increasing

Australia's Sundance Resources wants Chinese companies to build a railway line and port in Cameroon vital to its Mbalam iron ore export venture, a senior executive said on Tuesday.
labourer

S.Africa $1.5 bln manganese project on track

An 11 billion rand South African manganese building project, which includes a mine and smelter, was on track with first processed ore expected in July next year, investors said on Tuesday.
Investors look at an electronic board showing stock information at a brokerage house in Fuyang, Anhui province

China rate hike pressures world stocks

World stocks and oil prices ebbed from recent highs on Tuesday after China raised interest rates for the second time in just over a month, spurring worries of the hike's impact on global economic demand.
Susan Shabangu

S.Africa minister sinks mining nationalisation idea

Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.

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