Global defense and aerospace M&A deals doubled in 2010
According to PwC, deals in defense and aerospace were at three-year high, with 17 deals in Q4 totaling over $4 billion in value.
World Market update Feb 23.
U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
World Market Wrap 23/2/2011
U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
Chinese man dies after three-day computer gaming binge
A Chinese man has died playing computer games for three-straight days without sleeping and hardly eating anything, according to China media reports.
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Medtronic trims 2011 view, to cut up to 2,000 jobs
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China Mobile and Xinhua launch Internet search engine
China Mobile Ltd, the world's biggest mobile operator, and state-run Xinhua News Agency have jointly launched an Internet search engine, the companies said on Tuesday.
China fines Carrefour, Wal-Mart a combined $1.5 mln
China has fined retail giants Carrefour SA and Wal-Mart Stores Inc a combined 9.5 million yuan ($1.5 million) for manipulating product prices in some of their stores, the country's top economic planner said on Tuesday.
China denies report on suspending dynamic reserve plans
China's central bank denied on Tuesday that the country has suspended plans to tailor reserve requirement ratios for Chinese banks as part of efforts to rein in rampant bank lending.
Temasek names ex-CICC investment banker Ding Wei as China head
Temasek Holdings has hired former China International Capital Corp (CICC) investment banking head Ding Wei to lead its China operations, the Singapore state investor said late on Monday.
Pre-Market NASDAQ Movers (ZRAN, SIGA, MENT, FFNW, TTHI, CLDA, CAMT, SIMO, CCME, BANR)
The top pre-market NASDAQ stock market gainers are: Zoran, SIGA Technologies, Mentor Graphics, First Financial Northwest, and Transition Therapeutics. The top pre-market NASDAQ stock market losers are: Clinical Data, Camtek, Silicon Motion Technology, China MediaExpress Holdings, and Banner.
Panda-monium in Japan after pair arrives from China
Panda fever showed few signs of dying down in Japan on Tuesday after the arrival in Tokyo of the country's latest pair of giant pandas from China.
China plans to rein in heavy metal pollution
China's environmental protection agency has vowed to curb heavy metal pollution in a bid to cut widespread industrial contaminants like lead that have poisoned children and sparked protests.
China should garner 8-9 percent of global M&A: JPMorgan
China should account for 8-9 percent of global mergers and acquisition activity this year, continuing close to its strong levels in 2009 and 2010, JPMorgan's head of China M&A said Tuesday.
Moody’s lowers Japan’s debt outlook
Moody’s Investors Service on Tuesday lowered Japan’s debt Aa2 rating outlook to negative from stable, saying political stalemate in the country will restrict efforts to tackle the nation’s debt.
Russian ESPO crude's advance could change Middle East pricing equations
At a time when the Middle East political tensions increasingly weigh on global oil markets, Russia has made significant advances at the expense of the traditional Gulf-Arab oil exporters.
Contract workers for Apple in China suffer chemical poisoning; appeal to Steve Jobs for redress
Workers at a factory in east China's Suzhou industrial park, producing touch screens for Apple on contract have reportedly written a letter to Steve Jobs, conveying their grievances surrounding cases of chemical poisoning caused by a certain ingredient used in production.
137 Apple workers hit by adverse health complication, says safety report
Technology giant Apple has accepted that workers in China became seriously ill when their factory illegally swapped a cheaper toxic chemical, according to the Apple Supplier Responsibility 2011 Progress Report released on Tuesday.
Asian stocks decline amid Libyan unrest
Asian stock markets ended lower on Tuesday as continued political unrest in the Middle East weighed on the sentiment.
Taiwan, China push for free trade-like agreement
Officials from China and Taiwan gathered in the Taiwanese city of Chungli on Tuesday to sort out contentious issues in the comprehensive Economic Cooperation Framework Agreement (ECFA), which was signed in June last year.
Social Media sites like Twitter deserve Nobel for pro-democracy protests in Egypt, Libya & China?
While discussion over WikiLeaks' 2011 Nobel run continues, social media platforms like Twitter, Facebook deserve nobel prize for facilitating pro-democracy protests in Middle East, North Africa and even China.
Chaos, killing and confusion reign supreme in Libya
As anti-government protests sweep across Libya, even entering the once-tranquil capitol of Tripoli, and major foreign oil companies suspend or withdraw operations in the wake of civil unrest, there are many unanswered questions.
China calls for domestic unrest to be defused
China must find new ways to defuse unrest, the domestic security chief said, underscoring Beijing's anxiety about control after police quashed calls for gatherings inspired by uprisings in the Middle East.
U.S. to boost naval forces as China develops carrier: admiral
The U.S. navy will continue to upgrade its military capabilities in the Pacific given its steadfast commitment to the region, a U.S. vice admiral said on Monday, while urging China's growing navy to avoid provocation.
China Everbright Bank may raise around $7 billion
China Everbright Bank may raise around $7 billion through a share sale in Hong Kong just six months after its Shanghai IPO, leading the way for more fundraising by smaller banks.
Jaguar, Land Rover, Great Wall explore China tie
Jaguar and Land Rover is in talks with top Chinese sport utility vehicle maker Great Wall Motor Co about a potential China tie-up, two executives told Reuters on Monday.
As Greece seeks closer ties to Israel, anti-Semitism rears its ugly head
While the Greek government seeks to establish closer diplomatic ties with Israel (in the wake of a cooling of relations between Israel and Turkey), incidents of anti-Semitism are rising in Greece, inflamed by the deepening economic crisis.
Emerging oligopoly among Baidu, Tencent and Alibaba to hurt Chinese Internet users
An Internet oligopoly is emerging among Chinese Internet enterprise such as Baidu, Tencent Holdings, and Alibaba, accounting for 70 percent of the total market value of all listed Internet companies in the country, Chinese website Hexun reported on Friday.
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