CHINA

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Diabetes to exact huge costs on poor countries

Diabetes is moving from being a disease of developed countries to a disease in developing countries like India and China, and this could put pressure on healthcare systems through rising healthcare costs, said Philip Clarke, associate professor at University of Sydney's School of Public Health.
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Handset market rebounding in 2010: report

The cellphone market will rebound more strongly strongly than expected this year as improving economies boost spending on new gadgets and handset vendors push cheap smartphones, research firm Gartner said on Tuesday.
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Buffett-backed BYD in major auto export push

China's BYD Co Ltd , backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.
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KKR, TPG nearing Morgan Stanley CICC deal: sources

Morgan Stanley is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion, according to three sources familiar with the situation.
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Asia shares revive but await Bernanke rate clues

Most Asian stock markets recouped early losses on Tuesday while the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key U.S. interest rates may start to rise.
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Asian shares head down, await Bernanke view

Asian shares turned lower on Tuesday and the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key interest rates may start to rise.
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E-Waste threatens developing nations: UN

Waste produced by old computers, cell phones, and other electronics threaten to choke developing nations with mountains of hazardous e-waste, according to a new report on Monday.
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Morgan Stanley nearing CICC sale to KKR, TPG-WSJ

Morgan Stanley (MS.N) is nearing a deal to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co [KKR.UL] and TPG Capital [TPG.UL] for more than $1 billion, The Wall Street Journal reported, citing sources familiar with the situation.
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World crude steel output rises 25.5% in Jan

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 109 million metric tons (mmt) in January. This is 25.5% higher than January 2009.China's crude steel production for January 2010 was 48.7 mmt, an increase of 18.2% on January 2009. Japan produced 8.7 mmt of crude steel in January 2010, up 36.8% compared to the same month last year. South Korea showed an increase of 32.4% from January 2009, producing 4.5 mmt of crude steel in January 2010.
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Mazda won't capitalize on Toyota recalls

Mazda Motor Corp said it would not launch a special marketing campaign to draw customers away from Toyota Motor, shunning a strategy used by other car makers keen to capitalize on Toyota's recall woes.
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China PLA officer urges new Internet control agency

A senior Chinese military officer has called for a new national body to enforce Internet controls, while China faced fresh claims on Monday about the source of hacking attacks that hit search giant Google.
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Chinese schools deny link to Google attack

A prestigious Chinese university and a lesser-known vocational school have denied a report they were the source of recent cyber attacks on Internet giant Google and other U.S. corporations, Xinhua news agency said on Saturday.
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French PM: new Iran measures needed if no progress

French Prime Minister Francois Fillon said world powers would have to take new action against Iran in the next few weeks if Tehran continues to reject Western proposals on its disputed nuclear programme.
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India speeds up $11 bln fighter jets purchase

India will narrow down the number of bidders by mid-2010 for its $11 billion fighter jet tender, a minister said, in a closely watched deal where diplomacy and strategic interests will play a big role.

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