CHINA

Asia's Wealthy Park Cash in Cars, Homes, Art and Wine

Ferrari cars, including the F40 (R and 2nd R), F50 (2nd L) and Enzo sit on display during a show of luxury cars in Singapore
Adrian Tan owns two Mercedes sedans and is looking to buy a third car. The 36-year-old financial trader was shopping with his wife on a Singapore street lined with luxury car dealerships and said he may stick with Mercedes or go for an Audi or a BMW.

Biden Tries to Reassure Chinese on U.S. Debt

U.S. Vice President Joe Biden said Friday China had nothing to worry about concerning the safety of its vast holdings of Treasury debt, while China's Premier Wen Jiabao gave a ringing endorsement of the resilience of the debt-ridden U.S. economy.
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Stock futures signal another day of losses

Stock index futures pointed to a sharply weaker open for equities on Wall Street on Friday, a day after the Nasdaq ended more than 5 percent lower and the S&P 500 slipped 4.5 percent on rising recession fears.
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World's biggest solar power plant shifts technology

The company behind what is expected to one day be the world's largest solar power plant on Thursday said the California project will use photovoltaic technology instead of solar thermal power because of the dramatic drop in the price of solar panels.
Large scale protest in Hama, Syria

Obama Says Assad Must Go, Orders New Sanctions

The United States and European Union called on Syrian President Bashar al-Assad to step down Thursday, and U.S. President Barack Obama accused him of torturing and slaughtering his own people in what U.N. officials said could be crimes against humanity.
Smoke rises in the city of Latakia

Obama Accuses Assad of Slaughtering Syrian People

The United States and European Union called on Syrian President Bashar al-Assad to step down on Thursday and President Barack Obama accused him of torturing and slaughtering his own people in what U.N. officials said could be crimes against humanity.
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Analysis: China steps up iron ore drive in Africa

A bold push by China into iron ore projects in Africa and elsewhere will increase its access to supply and may help moderate prices but will only slowly reduce its dependence on the three companies that dominate the market.
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From Ice Age to hyper-inflation with SocGen bear

Three months ago, with the Federal Reserve nearing the end of its second major stimulus program and inflation pressures on the rise, Albert Edwards' bond market view stood out from the crowd.
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Caterpillar sees slowdown in dealer sales growth

Caterpillar Inc said growth in dealer sales of its heavy equipment slowed in the three months ended July, particularly in North America, reinforcing concerns about the struggling U.S. economy.
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Morgan Stanley cuts global growth view, eyes ECB

The United States and euro zone are dangerously close to recession, Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.
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China Mobile talking to Apple on iPhones

China Mobile said it hoped to launch Apple iPhones soon to accelerate uptake of high-end 3G services as it reported first-half profit at the top end of expectations.

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