CHINA

China's economy grew 10.1 pct in 2010 -official

The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency told Reuters on Saturday, which amounts to the fastest pace of annual growth in three years.

China has little choice but to buy US$ -CIC exec

China should not worry about being too heavily invested in the dollar and U.S. government debt, because its dependence is not unique in a world with few alternatives, a senior official at China's sovereign fund said.

U.S.-China summit must deliver real results - Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.
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Geithner: real yuan appreciation substantial

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.
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Arcelor, Nunavut unite in C$590 million Baffinland bid

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.

Gold bounces higher as euro loses strength

Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.
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Reality checks ahead for investors

An improving global economy, solid corporate earnings and even easing fears about euro zone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets.

Scientists make chickens that don't spread bird flu

British scientists have developed genetically modified (GM) chickens that cannot transmit bird flu infections -- a step that in future could reduce the risk of avian flu spreading and causing deadly epidemics in humans.
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Gold slips below $1,370/oz after China move

Gold fell in Europe on Friday after China's central bank raised lenders' reserve requirements by 50 basis points, with softer haven demand for the metal after solid bond sales by Portugal and Spain also weighing on prices.
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Stock futures fall, JPMorgan profit jumps

U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains.
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China raises banks' required reserves again

China's central bank raised lenders' required reserves on Friday for the fourth time in just over two months to make good on its vow that inflation fighting will be a top priority for the year.
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China's first capsule hotel to open in Shanghai

China's first capsule hotel is set to open in Shanghai, targeting budget-conscious travelers in the country's glitzy commercial capital -- with rooms divided into different zones depending on snoring.

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