CHINA

China first-half fiscal surplus at $193 billion

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China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues, the Ministry of Finance said on Thursday.
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Exclusive: China Telecom plans iPhone launch year-end

China Telecom Corp Ltd plans to offer its 106 million subscribers the Apple Inc iPhone by the end of 2011, sources said on Wednesday, which would make it the second operator to do so in the world's largest mobile phone market.
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Fidelity's Bolton flags China governance challenge

Anthony Bolton, one of Britain's best-known fund managers, said policing rogue executives was a far bigger task in China than in the West, as News Corporation's phone-hacking scandal thrusts corporate governance standards back into the spotlight.
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Wall Street gains 1 percent on Bernanke comments

Wall Street stocks rose on Wednesday, snapping a three-day losing streak, after Federal Reserve Chairman Ben Bernanke suggested policymakers are actively considering further stimulus for the economy if it is needed.
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Wall Street to get lift from China growth

Stock index futures rebounded on Wednesday from three days of losses on stronger-than-expected growth in China, but investors closely watched developments in Europe's debt crisis.
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Exclusive: China to conduct first stress tests on brokerages

China is preparing to conduct its first-ever stress test on the brokerage industry this year to ward off potential risks arising from a possible deterioration in the economic or market environment, three sources with direct knowledge of the plans told Reuters.
Silver bars are displayed at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna February 28, 2011

Silver Demand Outpacing Production, Prices Set to Shoot Higher

Silver has lost its shine of late as fears of another global economic slowdown reduced its appeal as an industrial metal. Silver fell from the record prices it set a couple of months back to hover around $35 per ounce. However, optimists are speculating that silver will bounce back once again and cross the $100 record. There are even experts who fancy silver's price parity with gold!
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Stock index futures point to gains for Wall St

Stock index futures pointed to gains for equities on Wednesday, reversing falls from the previous three sessions, with futures for the S&P 500, the Dow Jones and for the Nasdaq up 0.5 to 0.6 percent by 0802 GMT.
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China growth tops forecast, inflation fight goes on

China's economy slowed less sharply than expected in the second quarter and Beijing said corralling inflation remained its top priority even though a complex and volatile global economy clouded the outlook.
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Sina to launch virtual currency for Weibo in Q3 -source

China's Sina Corp will launch a virtual currency for its highly popular microblogging service, Weibo, in the third quarter this year, the firm's first real push to monetize the platform, said a source with direct knowledge of the matter on Wednesday.

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