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Asia factory output powers ahead but inflation worries

Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.

Hyundai, Kia eye 10 percent 2011 sales rise after strong Dec

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Hyundai Motor Group <005380.KS> and its affiliate Kia Motors <000270.KS> aim to boost vehicle sales by 10 percent this year after robust December sales, as the sector shows a gradual recovery, led by China and the United States. Hyundai Motor shares rose 2 percent on Monday, while shares in Kia Motors jumped 3.75 percent in a broader market <.KS11> up 0.9 percent, with Hyundai ex...
Spain's King Juan Carlos walks with members of Cepsa during his visit to a Cepsa refinery in Palos de la Frontera

Rising demand should push up crude oil prices in 2011

Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
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World leaders promise better economy, more jobs in 2011

Hope, despair, promises and more promises. World leaders have spelled out their intent, or say an 'action plan' for the coming year. Note them all, some merely possible, some probably intricate others perhaps a bunch of lies.
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China output moderates, factory inflation slows

China's factory inflation cooled in December as manufacturers expanded more slowly after a strong run in growth, lessening the need for the country's central bank to tighten monetary policy too far.
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Skype could be designated illegal in China

The popular Internet telephone service Skype could be dealt a major setback in one of the world's largest markets as the Chinese government cracks down on what it called illegal Internet telephone providers.
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Imax jumps on takeover talk, but pares big gains

Shares of Imax Corp went for a roller-coaster ride on the last day of 2010, climbing steeply on a report Sony Corp or Walt Disney might be interested, but plunging after Imax poured cold water on the speculation.
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Oil hits 26-month high to end 2010 up 15 percent

Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits.
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Virus attacks Android phones in China: researchers

A powerful virus targeting smart phones in China running Google Inc's Android operating system may represent the most sophisticated bug to target mobile devices to date, security researchers said on Thursday.
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China defends rare earth quotas as in line with WTO

China defended its export controls on rare earth minerals on Thursday, saying that they were in line with World Trade Organization rules, after a government move to slash export quotas on rare earths sparked trade concerns.

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