CHINA

Divisions on global monetary reform exposed at China G20

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Opposing views about how to reform the global monetary system were laid bare at a meeting of the top 20 economies on Thursday, with France setting out a bold agenda, China warning that change must be gradual and the United States saying the solution was simple.

World Market Overview 31/03/2011

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Telecommunications stocks led U.S. indexes higher Wednesday, as optimism over deal activity added to confidence that jobs data would continue pointing to a strengthening labor market.
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DuPont says extends Danisco offer

U.S. chemicals company DuPont extended its $6 billion takeover bid for Denmark's Danisco by four weeks and said shareholders of 6 percent of Danisco's stock had accepted the offer.
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China economist blasts dollar dominance on eve of G20

Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
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Facebook investor joins funding round for 360buy.com: report

Russian Internet investment group Digital Sky Technologies, an investor in social network company Facebook, has joined a group of investors funding hundreds of millions of dollars to 360buy.com, China's largest online retailer, the Financial Times reported.
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Gap opens online store on Taobao Mall

U.S. apparel brand Gap Inc opened an online store on China's biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities.
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Japan could cause auto supply chain rethink: expert

The parts shortages and resulting production shutdowns caused by the Japanese earthquake and tsunami could cause the global auto industry to rethink how it sets up its supply lines, a top industry economist said on Tuesday.
Traders work on the floor of the New York Stock Exchange

World Market Update 29/03/2011

U.S. stocks gave up modest gains and ended slightly lower as declines from consumer and technology companies’ shares weighed in the final hour of trading session.
R&D China

China set to overtake US in scientific research output

China's share of global authorship went up from 4.4% to 10.2% between the periods studied, taking the country from sixth to second position globally. Whether it can match quantity with quality, however, remains to be seen.
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World Market Overview 29/03/2011

U.S. stocks gave up modest gains to turn lower in the final minutes of Monday's trading session, as financials and materials sectors joined consumer and tech stocks in the red.
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Business group says Doha round hopes fading

Chances for a deal this year in long-running world trade talks are fading and likely will remain remote unless world leaders become personally involved, an influential U.S. business group said on Monday.
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P&G, Unilever up China prices, fuel inflation fears

Consumer goods giants Procter & Gamble and Unilever will both raise detergent and soap prices in China by up to 15 percent next month, local media reported, underscoring the battle the government faces with inflation.

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