CHINA

Alcatel CEO looks to future growth

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Chief Executive Ben Verwaayen is preparing the next stage of telecom equipment maker Alcatel-Lucent's development armed with a refreshed product portfolio and a slimmer cost structure.
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China: Gold Demand Jumps

Today's new Gold Demand Trends from the World Gold Council show interesting data about gold demand in China. China is now 10 years into opening up its gold market - half as long as India. But since nabbing the No.2 spot in terms of private demand in 2005, it's only grown hungrier for gold bullion, despite becoming the world's No.1 mining-producer nation, too.
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Toshiba to buy meter maker Landis+Gyr for $2.3 billion

Japanese electronics manufacturer Toshiba Corp said on Thursday it will buy unlisted Swiss-based meter maker Landis+Gyr in a deal valued at $2.3 billion, including debt, in a bid to move into the promising overseas smart grid market.

China vouches for developing countries to lead IMF

After the resignation of besieged chief Dominique Strauss-Kahn, China on Thursday has insisted for emerging nations to be selected in the top leadership of the International Monetary Fund, Economic Times reported on Thursday.
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Dollar down as commodities and global stocks rise

The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.
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China piracy cost U.S. firms $48 billion in 2009: report

Chinese piracy and counterfeiting of U.S. software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released on Wednesday.
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GM ups Volt, Ampera production outlook

General Motors Co said on Wednesday that it will make 60,000 Chevrolet Volt and Opel Ampera in 2012, up from its previously announced 45,000 production outlook.

Apple iPhones sales slowing

While reports are floating around what Apple is likely to pack into its next iPhone, analysts are observing slowdown in sales of the current iPhone 4.
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WTO gives mixed verdict on Airbus appeal

Trade judges on Wednesday partially overturned a ruling that had accused EU states of giving Airbus illegal subsidies, but said the aircraft maker did receive billions of dollars of unfair aid that harmed Boeing.
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Canon sees sales boost from supply chain

Japanese camera and copier maker Canon Inc <7751.T> expects its quake-hit supply chain to recover more quickly than originally estimated, giving a roughly 50 billion yen ($600 million) boost to its annual sales, the company's chief executive said.

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