CHINA

CPAC

Who is best to challenge Obama in 2012?

Potential Republican candidates in 2012 presidential election who gathered in Washington for the Conservative Political Action Conference (CPAC) have launched an attack on major policies of the Obama administration as they pitched their respective cases. Here's a snapshot of the possible Republican challengers in 2012:
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A new study says upcoming wind farm and solar energy projects in in Hawaii could reliably provide energy for 25 percent of the state.

China Vice Premier urges reforms to tackle energy worries

China must speed up resource tax reforms to fight heavy pollution and also make a priority of energy-saving to stave off risky dependence on foreign supplies, the nation's Vice Premier Li Keqiang said in remarks published on Friday.
De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
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Trade gap widens in Dec, swells 33 percent in 2010

The U.S. trade deficit widened in December to its highest level in four months, the U.S. government said on Friday in a report that also showed the annual trade gap expanded nearly 33 percent in 2010 as imports from China hit record levels.
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Gold dips as dollar firms, investors shift focus

Gold prices eased a touch on Friday, pressured by gains in the dollar and softer investment demand for the metal after a raft of well-received economic data boosted interest in other assets.
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Total 2010 profits jump on higher oil prices

Total reported bumper earnings on Friday, bolstered by stronger oil prices, and the French oil major unveiled plans to spend $20 billion this year on new oil and gas projects to boost flagging production.
The New York Stock Exchange

Deutsche Boerse-NYSE deal faces antitrust snags

Deutsche Boerse AG's planned takeover of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperiling the blockbuster exchange tie-up.
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Beijing moves to tighten rare earth production

China has created a state planning zone covering the country's biggest rare earth mines in a move to cut production of the vital rare mineral elements used for numerous high-tech goods, the official Xinhua news agency reported on Thursday night.

Starbucks CEO invests in Groupon, gets board seat

Daily deals website Groupon said on Thursday that Starbucks Corp Chief Executive Howard Schultz had joined its board of directors and that his venture capital firm had taken a stake in the company.
China Forestry CEO's assets frozen by regulator

China Forestry CEO's assets frozen by regulator

Hong Kong's securities regulator is seeking to freeze the assets of the chief executive officer of China Forestry Holdings Co Ltd , which is being investigated for accounting irregularities, a court document showed.

China energy firms' gas acquisitions

PetroChina (0857.HK)(PTR.N) agreed to pay C$5.4 billion ($5.4 billion) for half of Encana's Cutbank Ridge shale gas project, marking the largest Chinese investment in a foreign gas asset.
U.S. group sets oil talks with China

U.S. group sets oil talks with China

A group of prominent business executives and national security figures will visit China next month as part of their drive to reduce U.S. dependence on oil.
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Spy arrest a warning to Taiwan on China ties

The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.
China snows bring limited relief to drought-hit areas

China snows bring limited relief to drought-hit areas

Snow across some drought-hit parts of north and central China brought limited respite from a drought threatening winter wheat crops that has fueled talk of higher global prices, state forecasters said Thursday.

Treasury intensely focused on China's yuan

The Treasury will remain intensely focused on correcting China's substantially undervalued yuan despite a decision not to name Beijing a currency manipulator, a senior Treasury official said on Thursday.

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