CHINA

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Tengzhong may finalize Hummer deal Friday: source

China's Tengzhong may finalize a deal to buy General Motors Co's Hummer business for about $150 million on Friday, a source familiar with the deal said, China's biggest brand grab since Lenovo bought IBM's PC unit in 2005.

Tengzhong may finalise Hummer deal Friday

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China's Tengzhong may finalise a deal with General Motors Co [GM.UL] on Friday to acquire the U.S. automaker's Hummer business for about $150 million, a source familiar with the deal said.

GM will look to sell ex-Delphi steering unit

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General Motors Co GM.UL will look to sell the steering business it took back from former parts subsidiary Delphi under a deal that closed this week, the automaker said in a letter to its suppliers.
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Czech president makes new demand over EU treaty

Czech President Vaclav Klaus raised a new obstacle to the European Union's Lisbon reform treaty on Thursday, telling EU president Sweden he wants a footnote added to the document before signing it into force.
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Strong Intel Q3 expected, outlook crucial

Intel Corp should handily beat forecasts when it kicks off a busy earnings season for the chip sector next week, but investors worry that corporate spending will not rebound until mid-2010.
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What crisis? Luxury still in fashion in China

Luxury retailers, rejoice: the global economic downturn hasn't dented demand for pricey designer goods in China, where a study shows the affluent are buying handbags, watches and jewelry in force.
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Rich nations need to ante-up in climate talks: U.N.

Poorer countries are helping shape a broader pact to fight climate change but their efforts are being stymied by rich nations' lack of commitment on finance and tougher emissions cuts, the U.N. said on Thursday.
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Rights activists see double standard in Twitter arrest

The arrest of a New Yorker for using Twitter to alert protesters to police movements at a meeting of world leaders in Pittsburgh last month would be deemed a human rights violation if it happened in Iran or China, rights activists charge.
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Amazon.com takes Kindle global

Amazon.com Inc is introducing Kindle, its wireless electronic reader, for over 100 countries, including China and most of Europe, intensifying a battle for the burgeoning digital book market.
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Helen of Troy Q2 profit trumps Street, shares jump

Personal-care products maker Helen of Troy Ltd posted a quarterly profit that handily beat market expectations, boosted by sales from its hair-care business acquisitions, lifting its shares as much as 13 percent.
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Monsanto reports larger loss

Leading chemicals and biotech seed developer Monsanto Co reported a higher fourth-quarter loss on Wednesday, though results slightly beat Wall Street estimates, as a downturn in its herbicide business ate into revenues.
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U.S. groups eye second Obama decision on China yuan

U.S. labor and manufacturing groups urged President Barack Obama on Tuesday to live up to his campaign rhetoric and formally label China a currency manipulator in a Treasury Department report due out next week.
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EU steps up energy technology race with U.S., Asia

Europe has launched a campaign to triple funding for energy research to 8 billion euros ($11.7 billion) a year in a technology race with China, Japan and the United States, but said industry would have to pay the bulk.
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Stock futures flat

Stock index futures were little changed on Wednesday, but could build on the previous session's gains on the strength in commodities.
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Stock futures signal firmer start for Wall Street

Stock futures pointed to a higher open for Wall Street on Wednesday, extending the previous session's sharp gains and ahead of the start of third-quarter earnings season, with aluminum group Alcoa the first in line.
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Geithner says Americans will have to save more

Americans will have to save more in the future, transforming the global economy, and Europeans and Japanese must work to boost domestic demand, U.S. Treasury Secretary Timothy Geithner was quoted as saying on Wednesday.

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