CHINA

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Apple's Jobs says cash hoard allows for bold moves

Steve Jobs defended Apple Inc's decision to maintain a $40 billion cash pile and said it was better to save the money for bold risks, like acquisitions, than to spend it on stock buybacks or cash dividends.

Apple's Jobs says must think big on cash hoard

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Apple Inc CEO Steve Jobs said his company has to think big and its $40 billion cash hoard offers flexibility, suggesting that he had no immediate plans to spend the money on a share buyback or dividend.

Senators urge US to combat China currency policy

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A group of 15 U.S. senators on Thursday insisted that China's currency practices are effectively a subsidy, and urged Commerce Secretary Gary Locke to take action. There can be no doubt that China's policy of large-sale intervention in the exchange markets and the significant undervaluation of its currency acts as a subsidy to Chinese exports, the senators said in a letter.
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Lassila jumps like a man, wins gold

Australia's Lydia Lassila soared through the air on a mountain covered in thick fog and cleanly landed two of the hardest jumps of the day to win Olympic gold in the women's freestyle aerials on Wednesday.
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Geely says to buy Chinese special vehicle maker

The parent company of Geely Automobile Holdings Ltd said on Thursday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.
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China's military warns Washington, denies hacking

China's military warned the United States on Thursday to speak and act cautiously to avoid reigniting tensions between the two powers, denying the People's Liberation Army played a part in Internet hacking.
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Moody's: Greece must act on fiscal plans

Moody's Investors Service said on Thursday any changes in its ratings on Greece would depend on whether Athens was smoothly enacting its fiscal reform plans as promised.
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GM to shut down Hummer after China deal fizzles

General Motors Co will wind down its iconic but tarnished Hummer brand after Chinese regulators rejected a $150 million bid by an obscure Chinese machinery maker to buy the money-losing SUV line.
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GM to wind down Hummer after China sale fails

ral Motors Co will wind down its Hummer SUV line after failing to complete a deal to sell the brand to China's Sichuan Tengzhong Heavy Industrial Machinery, the automaker said on Wednesday.
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Losing Google would hit Chinese science hard

More than three-quarters of scientists in China use the search engine Google as a primary research tool and say their work would be significantly hampered if they were to lose it, a survey showed on Wednesday.
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China textiles, garments export value rises in Jan

China's textiles and garments export value hit $15.57 billion in the first month of this year. In a statement issued here,China's General Administration of Customs said, this was an increase by 2.2 percent from the same month last year.
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India keen to buy 191 tonnes of IMF gold

Will India go in for buying the 191 tonnes of gold that the International Monetary Fund (IMF) plans to sell soon? Yes, India is a potential buyer for the remaining stock of IMF gold that is to be sold in the open bullion market, analysts said on Wednesday.
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BOJ Yamaguchi says ready to act as deflation weighs

Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank was ready to act to beat deflation, leaving room for more monetary easing amid a steady drumbeat of government pressure for BOJ steps to support the economy.
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Google scraps China leg of Nexus One event

Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from the country.
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Asia shares fall on U.S. jitters, Bernanke eyed

Asia shares fell on Wednesday as surprise declines in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery and boosted the safe-haven yen.
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LG Display considers additional production line

South Korea's LG Display Co Ltd said on Wednesday it was considering building an additional production line to meet robust flat panel orders, adding to emerging concerns over rapid supply growth.
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Intel says hackers attacked around time Google hit

Intel Corp said it faced a sophisticated hacker attack in January about the same time as the recently publicized Chinese hacker attacks on Google Inc, but noted no clear link between the two events.
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China says Google hacking claims groundless

Google's assertion that its computers were attacked by hackers based in China was groundless, Beijing said on Tuesday, hardening its rhetoric in a spat with Washington over Internet freedom.
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China unveils new Internet restrictions

China moved to tighten its grip on the flow of Internet information this Tuesday, saying individuals who want to operate Websites must first receive approval from regulators.
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Mobile phone subscriptions to top 5 bln this year

Mobile phone subscriptions will buck the economic crisis and top five billion this year, but the high speed Internet remains a digital divide between rich and developing countries, a U.N. agency said on Tuesday.

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