CHINA

Macau casino boss fights family over his vast empire

The Sands casino and hotel is seen in Macau
Billionaire Stanley Ho, the 89-year old godfather of a casino business empire based in Macau in southern China, is battling members of his own family over the control of companies that comprise his immense wealth.
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Gold eyes 10-week low as safe-haven bid fades

Gold fell to its lowest in ten weeks on Tuesday, putting the price on course for its worst monthly performance in 13 months as safe-haven demand evaporated and investors booked further profits on the 2010 rally.
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India top court defers view on PM role in scandal

U.S. eases some high-tech export curbs on India

The U.S. Commerce Department said on Monday it was easing restrictions of exports of high-technology goods to India in recognition of the two countries' stronger economic and national security ties.
Michael Fennell, president of the Commonwealth Games Federation, waves upon his arrival as the President of the Indian Olympic Association (IOA) and Commonwealth Organising Committee Chairman Suresh Kalmadi watches at the airport in New Delhi September 23

India sacks Games chief Kalmadi as graft rows rumble on

India's new sports minister on Monday sacked the chief organiser of last year's scandal-ridden Delhi Commonwealth Games, Suresh Kalmadi, as the coalition government caught in a web of corruption cases seeks to repair its public image.
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U.S. tax cuts give world growth a boost: IMF

A package of U.S. tax cuts should give a lift to a global economic recovery that had already begun to gain speed late last year, the IMF said on Tuesday as it revised its world growth forecast higher.
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Huawei sues to alter Motorola-Nokia Siemens deal

China's Huawei Technologies Co Ltd has filed a lawsuit to block Motorola from selling one of its business units to Nokia Siemens Networks, demanding that the $1.2 billion deal be altered to avoid infringing on intellectual property rights.
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McDonald's likely to raise prices in 2011

McDonald's Corp plans to raise prices this year to help offset an expected rise in its grocery bill for the 10 commodities that account for around 75 percent of its food preparation costs.

GM sold more cars in China than in U.S. last year

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.

Analysis: Be careful what you wish for: the China Price starts

Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.
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Luxury watchmakers fishing for friends on Facebook

ZURICH (Reuters Life!) - Luxury watchmakers are increasingly turning to online social network sites and forums to promote their products and satisfy a growing appetite for information about luxury timepieces, particularly in China.

China province hit by worst drought, warning on wheat

Most of China's wheat-growing areas in the north are suffering from drought with some seeing no rain for more than three months while the second most important wheat province of Shandong is facing its worst drought in a century.
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Luxottica sees solid 2011 after record year

Luxottica , the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels.

Breakthrough after U.S. warns China on North Korea

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.

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