CHINA

China raises rates with inflation on the rise

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China raised interest rates on Tuesday for the second time in just over six weeks, intensifying a battle against stubbornly high inflation that threatens to unsettle global markets.
labourer

S.Africa $1.5 bln manganese project on track

An 11 billion rand South African manganese building project, which includes a mine and smelter, was on track with first processed ore expected in July next year, investors said on Tuesday.
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Susan Shabangu

S.Africa minister sinks mining nationalisation idea

Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.
Asia-Pacific at risk from climate migration: ADB

Asia-Pacific at risk from climate migration: ADB

Governments in the Asia-Pacific region face the risk of unprecedented numbers of people displaced by floods, storms and other impacts of climate change, the Asian Development Bank (ADB) said in a report on Monday.
Winter drought may hit China wheat output- FAO

Winter drought may hit China wheat output- FAO

Wheat output in China, the world's largest producer and consumer of the grain, may be at risk after severe winter drought in its main northern producing regions, the United Nation's Food and Agriculture Organisation said.

China raises interest rates, on receiving end of Federal Reserve

China raised interest rates for the third time since the height of the financial crisis in response to accelerating consumer and asset inflation. The inflation rate and the interest rate hikes in the country are stages of a normal economic cycle, although it's happening with an international twist.
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Wall St set to open flat, China rate hike eyed

U.S. stocks were set to open little changed at 2-1/2 year highs on Tuesday, with investors focused on corporate earnings and the impact of an interest rate hike by China on economic demand.
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Gold edges up, shrugs off China rates

Gold inched higher on Tuesday as equities fell, the euro picked up and flows of metal out of exchange-traded funds stabilized, although a rise in Chinese benchmark rates limited gains.
Alcatel-Lucent  Chief Executive Ben Verwaayen poses for photographers

Alcatel's cube-shaped lightRadio antenna to shrink base stations

Alcatel-Lucent has developed lightRadio, a cube-shaped antenna that would fit in the palm of a hand, signaling an end to the current form of basestations and cell towers. lightRadio promises greener, simpler, lighter networks that the company says will radically shrink and simplify base stations and cell towers.....
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Defense firms vie for India orders at air show

Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.
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ArcelorMittal sees global steel rebound

ArcelorMittal , the world's largest steelmaker, forecast a faster than expected recovery in demand and prices at the start of 2011 after a margin squeeze in the fourth quarter.
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Toyota set to slump on Japan sales, outlook eyed

Toyota Motor Corp <7203.T> is expected to report a huge drop in quarterly profits on Tuesday hit by tanking Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.

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