CHINA

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StanChart makes record profit, weathers India slump

Asia-focused bank Standard Chartered reported a record-beating 17 percent rise in first-half profits on Wednesday as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.
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Samsung's Battle with Apple is Part of Bigger Culture Problem

According to a Bloomberg report, Samsung will be delaying the release of the new Galaxy Tab 10.1 tablet in Australia under an agreement with Apple, until the patent lawsuit between the two companies is resolved. This is an interesting move by Samsung, and almost seems to suggest that the lawsuit isn't going well for Samsung. However, if federal judges in multiple countries come to the same conclusion that Samsung "slavishly" imitated the design and technology used for the iPad and iPho...
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Russian PM Putin Denounces US as a ?Parasite? on Global Economy

Russian Prime Minister Vladimir Putin on Monday gave a speech to pro-Kremlin youth in which he accused the United States of acting like a "parasite" on the global economy by massing up uncontrollable debts that threaten the financial system of the world.
Analysis: Pakistan relying too much on China against U.S.

Pakistan Relying Too Much on China Against U.S.

Pakistan's quick response to charges by China that militants involved in attacks in Xinjiang had trained on its soil shows the importance of its ties with Beijing, but it could be a mistake for Islamabad if it relies too much on China.
Japan and China agree to improve ties despite row

Japan wary of rise in China's maritime activities

China's naval forces are likely to step up their activities in waters around Japan, Tokyo's annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
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Japan sees further expansion of China maritime activities

Japan expects China to further expand its maritime activities in the South China Sea and the Pacific, its annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
Presient Barack Obama and China's President Hu Jintao

U.S. Debt Still Poses Threat to Global Economy: Chinese Media

The U.S.' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
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China taxi drivers strike, dismiss pledges to boost fares

Striking cab drivers in Hangzhou denouncing rising fuel prices and demanding the government make good on pledges to raise fares abandoned their vehicles for a second day on Tuesday, and planned street protests despite a heavy police presence.
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SABMiller expands in China in $47 million move

SABMiller , the world's second largest brewer, moved to expand further in China on Tuesday by increasing its stakes to 100 percent in two brewers in the central Chinese province of Zhejiang for $47 million in cash.
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China official paper says U.S. debt worries linger

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
China to cut bank loans to local govts-regulator

Goldman sells $479 million worth of ICBC shares for client

Goldman Sachs International sold HK$3.73 billion ($478.7 million) worth of shares in Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, in what it said was a transaction to help a client hedge its position in the bank.
iPhone 5 Will Have New Curved Case With Larger Screen Display (IMAGES)

Fake iPhone 5 For Sale in China?s Online and Phone Markets

While U.S. customers are still waiting for the upcoming iPhone 5 this fall, various types of fake iPhone 5 devices have been on sale in Chinese online store and offline markets. The Fake iPhone 5 is sold at $108 and features a similar design following the rumor of iPhone 5 specs. It is encased in a plastic body, two LED flash cameras and a label saying it has 64GB of storage. Also the fake device runs a JAVA-based OS, plays MP3?s and connects via WiFi.

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