CHINA

Taiwan AIG unit bidders set to face regulators

Taiwan AIG unit bidders set to face regulators

Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.
DE Shaw, Goldman partners launch new China fund

DE Shaw, Goldman partners launch new China fund

A former partner of D.E. Shaw and an ex-Goldman Sachs (GS.N) partner are setting up a new firm to raise about $500 million for a China-focused private equity fund to join the growing competition for deals in the world's No.2 economy, sources told Reuters on Wednesday.
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Foreign media in China face worsening conditions -survey

China blames foreign media for police fracas

The Chinese government blamed foreign reporters on Tuesday for a weekend ruckus with police who tried to prevent them covering a planned protest in Beijing, as rights groups slammed China for curtailing press freedoms.
Carbon

China sets out disputes facing arduous climate talks

China, the world's biggest greenhouse gas emitter, wants rich nations to vow bigger cuts to emissions as part of a new international deal on fighting global warming, Beijing's top climate negotiator said on Tuesday.
U.S. Navy Enterprise Carrier Strike Group

As U.S. Ships Approach Libya, Critic Blasts Possible Military Action

As the United States moves military ships toward the Mediterranean Sea and officials discuss the possibility of imposing a no-fly zone over Libya, Venezuelan President Hugo Chavez said it was irresponsible to consider all options to resolve the situation there, including an invasion.
lions

S.Africa tourism rises 15.1 pct in 2010 on World Cup

Boosted by the soccer World Cup, South Africa saw a record 15.1 percent increase in tourist arrivals in 2010 although the total of more than 8 million was not an all time-high, the tourism minister said on Tuesday.
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Morgan Stanley hit by China-based hackers: report

Morgan Stanley experienced a very sensitive break-in to its network by the same China-based hackers who attacked Google Inc's computers more than a year ago, Bloomberg reported, citing leaked emails from an Internet security company.
An online coupon sent via email from Groupon is pictured on a laptop screen in Los Angeles

Groupon enters China

U.S.-based discount coupon site Groupon.com has launched a group-buying site in China, called Gaopeng.com.
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China, India PMIs show inflation pressures

Costs for Chinese and Indian factories jumped in February, pointing to a need for more measures to prevent inflation from undermining the world's two fastest-growing economies, surveys showed on Tuesday.
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Oil rises on supply concerns; world stocks up

Oil prices rose back above $112 a barrel on Tuesday due to concerns over unrest in the Middle East, though stock markets shrugged off the move, preferring to focus on optimism over the outlook for the U.S. economy.
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HSBC shares fall to one-month low in biggest dive in a year

Hong Kong-listed shares of HSBC Holdings Plc fell more than 5 percent on Tuesday, the biggest single-day decline in almost a year after Europe's biggest bank cut its profitability target citing the cost of tougher banking regulations.
Macau

Macau gambling revenue jumps 48 pct in Feb

Casino revenue in Macau jumped 47.7 percent in February to 19.86 billion patacas ($2.5 billion), the Macau government said on Tuesday, driven by a torrent of gamblers from mainland China to the world's largest gaming market.
China banks warned against "extreme" lending

China banks warned against extreme lending

Lending by Chinese banks during the past two years has been excessively fast, topping the extreme upper limit set by regulators, the country's banking chief said at an internal meeting, a source told Reuters on Tuesday.
U.S. Stocks

China shares rise, HK struggles as HSBC weighs

Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.
GM eyes doubling of China sales by 2015

GM blazes trail of small car exports from China

Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N) (GM) blazing the trail with shipments of its Chevy Sail.

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