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Google says China has renewed Web page license

Google Inc said on Friday that the Chinese authorities had renewed its license to operate a website, averting a potential shutdown of its flagship search page in the world's biggest Internet market.

Google's Schmidt undaunted by Apple or Facebook

Google Inc Chief Executive Eric Schmidt rejected any notion that Apple Inc or Facebook presented a threat to the web search leader's business.

China won't dump dollar for gold

If bullion investors thought the recent move by China to free yuan from dollar will help gold in a big way, think again. China seems to be not much interested in dumping gold forever, even though Beijing is ready to give flexibility to yuan.

US gives China pass on currency, Congress unhappy

The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing. Some lawmakers claim China's yuan is misaligned in value, distorting trade and stealing U.S. jobs. A key senator pledged to press ahead with a bill threatening China with tariffs on some of its products unless there is significant movement upward in the yuan.

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U.S. says China's yuan undervalued, not manipulated

The U.S. Treasury Department said on Thursday that China's yuan remains undervalued, but it declined to say that China or any other country manipulates their currencies for trade advantage.

U.S. says yuan undervalued but not manipulated

The U.S. Treasury Department said on Thursday that China's yuan remains undervalued, but it declined to say that China or any other country manipulates their currencies for trade advantage.

Gazprom most profitable firm on Fortune Global 500

Russian gas giant Gazprom was the world's most profitable company in 2009 despite ranking 50th in revenue, Fortune magazine said on Thursday with the publication of the Fortune Global 500.

GM sells steering unit to Chinese firm

General Motors Co said on Wednesday it will sell its Nexteer Automotive unit to a China government-backed group, as GM focuses on its core car business while the Chinese look to bolster their global competitiveness.

Wall St climbs on June retail sales and jobs data

Stocks rose on Thursday after several top U.S. retail chains reported better-than-expected sales in June and new claims for jobless benefits fell more than forecast.

Gold buying up near $1200 levels: Jeff Nichols

Gold buying has intensified on the late-June/early July sell offs and capitalising on this fall were the Asian investors, jewelry manufacturers and possibly a few central banks, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.

Wall St set to rise on retail sales and job claims data

Stocks were set for a higher open on Thursday after several top U.S. retail chains reported better-than-expected sales in June, and new claims for jobless benefits fell more than forecast.

IMF lifts world growth forecast

The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.

India's 9.5% growth to push gold sales

Gold demand in India is all set to soar in the coming months as the International Monetary Fund has predicted a very high 9.5 per cent growth for the country in 2010.

Stock futures flat as June retail sales eyed

U.S. stock index futures were little changed on Thursday after posting their biggest one-day gains in about six weeks and as investors readied for data on jobless claims and retail sales for clues about the direction of the economy.

IMF raises 2010 world GDP forecast, flags Europe risks

China snatches up short-term yen notes in May

China bought a net $8.4 billion of Japanese bonds, mostly short-term notes, in May, when the euro slid on heightened concerns over the euro zone's debt crisis, Japanese Finance Ministry data showed on Thursday.

Chinese buying of short-term yen notes hits record

China bought a record $7.9 billion in short-term Japanese debt in May, a surge widely viewed as temporary while sovereign debt concerns buffet the euro, rather than a shift in China's long-term investment stance.

IMF lifts 2010 world GDP view, flags Europe debt risk

The International Monetary Fund upgraded its 2010 global growth forecast on Thursday on the back of robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.

Apple says to open second flagship store in China

Apple Inc will open its second flagship store in China, in the heart of Shanghai's financial district on Saturday, the company said on Thursday.

China's gold trade hits record high in H1-2010

World's largest gold producer, China witnessed record surge in gold trading during the first half of this year. According to Shanghai Gold Exchange, domestic investors' gold frenzy pushed trading volume of the yellow metal to an historic high in the first half of the year, with gold imports also surging to a record.

Gold scales up on physical buying

Gold prices extended gains in Asian trade Thursday mainly on increased physical buying, a firmer euro against the dollar and also on rising stocks. Gold for immediate delivery was seen trading at $ 1204.48 an ounce at 12.00 noon Singapore time after dropped as low as $1185 on Wednesday.

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