CHINA

Euro zone private sector booms but so do prices

Euro zone private sector booms but so do prices

Activity in the euro zone's private sector grew faster than expected this month, particularly in the bloc's factories, but the upturn is driving prices higher, business surveys showed on Monday.
China decries U.S. "obstruction" after Huawei drops bid

China decries U.S. obstruction after Huawei drops bid

China's Commerce Ministry said Chinese businesses faced damaging obstruction in efforts to invest in the United States after China's Huawei pulled out of bidding for U.S. company 3Leaf's assets following pressure from a Washington panel.
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Geithner points to China yuan spillover to others

Geithner points to China yuan spillover to others

Treasury Secretary Timothy Geithner on Saturday pointed to the problems China's tightly controlled currency poses for other developing economies and said Beijing still had further to go to let its currency rise.
U.S. President Barack Obama departs for a trip to California and Oregon, from the South Lawn of the White House in Washington, February 17, 2011.

Obama has broad agenda in Latin America trip, Brazil key

President Barack Obama will pursue a broad agenda when he makes a five-day trip to three Latin American nations in March, soon after Treasury Sec. Timothy Geithner traveled to the largest economy in the region, Brazil, to lay the groundwork for the President's trip.
India's Central Bank Governor Subbarao , India's Finance Minister Mukherjee, U.S. Treasury Secretary Geithner and Bundesbank President Weber arrive at the Hotel Marigny to attend the dinner of G20 finance ministers and central bank governors in Paris

G20 negotiators fail to reach indicators accord-source

Group of 20 negotiators have failed to reach agreement on a list of indicators by which to measure imbalances in the global economy and will leave it up to their finance ministers to try and seal a deal on Saturday, a G20 source said.

Stock market up modestly amid G-20 meet

US stocks rose modestly higher on Friday, with S&P 500 Index up 2.52 points, or 0.19 percent, to trade at 1,342.98 at 12:00 p.m. EST. The Dow Jones Industrial Average is up 42.16 points, or 0.34 percent, to trade at 12,360.30. The Nasdaq Composite Index rose 0.23 percent to trade at 2,837.98.
China Overseas Land eyes 20 pct net profit growth

China Overseas Land eyes 20 pct net profit growth

China Overseas Land and Investment Ltd, the country's largest developer bymarket value, said it aims to record 20 percent growth in netprofit this year, betting that it can ride through governmentmeasures to cool the market.
China rejects key G20 imbalance indicators

China rejects key G20 imbalance indicators

China rejected plans to use real exchange rates and currency reserves to measures global economic imbalances, casting doubt on the ability of Group of 20 major economic powers to reach agreement at a meeting on Friday.

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