CHINA

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Prudential prices record cash call

British insurer Prudential Plc unveiled a $21 billion cash call as it tried to put its takeover of AIG's Asian unit back on track and launched a charm offensive to woo wary shareholders.

Apple's iPhone replaces BlackBerry for some bankers

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British bank Standard Chartered is replacing the BlackBerry, currently its standard corporate communications device, with the iPhone, a move that could eventually result in thousands of bankers switching to the Apple device for business communication on the go.
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UK's Pru prices $21 billion cash call

British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG's Asian unit.
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China's Web firewall should be WTO issue: EU's Kroes

China's Internet firewall is a trade barrier and needs to be tackled within the framework of the World Trade Organization, Neelie Kroes, vice-president of the European Commission, told reporters in Shanghai on Monday.
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Forex - China feels pain of weak euro -official

The yuan has risen strongly against the euro and this appreciation will harm Chinese exporters, a Commerce Ministry official said on Monday. Pegged to a rising dollar, the yuan has appreciated against a trade-weighted basket of currencies in recent months, which many analysts believe could constrain the scope for a possible revaluation of the Chinese currency.
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China frets over rising capital inflow pressure

Capital inflows are placing big pressure on China this year, as domestic companies and banks repatriate large volumes of foreign currency, a senior official said in remarks published on Monday.
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Commodity PMS in India inevitable now

Today is Akshaya Tritiya, one of the golden days for gold in India. Though gold has been one of the integral parts of Indian household and despite India being the largest consumer of the yellow metal in the world, two short comings have hampered the real growth of this shining metal.
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Google says mistakenly got wireless data

Google Inc said its fleet of cars responsible for photographing streets around the world have for several years accidentally collected personal information -- which a security expert said could include email messages and passwords -- sent by consumers over wireless networks.
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Caterpillar CEO: Once shunned, now celebrated

When Jim Owens, the CEO of Caterpillar Inc , retires next month, it will mark the end of a long career bookended by corporate crises and displays of a tough-love approach to leadership and the company's workforce.
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Markets sense another window for yuan reform

Beijing could have another window of opportunity over the next few days to make its long-awaited move on the yuan, in the wake of strong Chinese data and ahead of a Sino-U.S. summit.
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Prudential to outline Asia asset sales: source

Britain's Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on Friday.
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Global ad industry eyes boost from mobile devices

The global advertising industry is eager to capitalize on booming use of mobile phones for Internet access as more enhanced devices are coming to the market to get more consumers reachable online.
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Samsung to unveil chip spending plan Monday

Samsung Electronics, the world's largest memory chip maker, plans to unveil on Monday a much-awaited semiconductor investment plan, a source said, joining a growing list of firms raising spending on global economic recovery.
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Euro struggles, stocks fall on EU debt doubts

The beleaguered euro hovered just above a major support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring stocks and pushing safe-haven gold to near record highs.
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HTC sues to block iPhone, iPad, iPod sales

HTC Corp fired back on Wednesday in its legal battle with Apple Inc, asking the U.S. International Trade Commission to ban sales of iPhones, iPads and iPods in the United States.

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