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Oil sets 10-month high on recovery hopes

Oil prices rallied to a 10-month high near $75 a barrel on Monday, part of a broad global rally in commodities and equities markets propelled by expectations for an economic recovery.

Toyota makes largest recall in China of 688,314 cars

Toyota Motor Corp (7203.T) will recall 688,314 Camry and other sedans made at its two China joint ventures from Tuesday, its largest recall in the country, to fix a faulty electric switch to the window.

U.S. presses sanctions to end N.Korea atomic plans

A U.S. official charged with enforcing U.N. sanctions on North Korea sought South Korea's continued support during talks on Monday even as Pyongyang makes conciliatory moves after months of military grandstanding.

Toyota to make largest auto recall in China

Toyota Motor Corp will recall 688,314 Camry and other sedans made at its two China joint ventures from Tuesday, its largest recall in the country, to fix a faulty electric switch to the window.

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Daily Wrap Up - August 21 Tech

A majority of college-bound students getting reading for the coming school semester are a preferring to steer away from Mac laptops, a new study reveals. Instead, students are leaning toward affordable netbooks from a variety of manufacturers, according to Retrevo, a consumer electronics website, that conducted the study.

First Eastern eyes U.S. investment bank acquisition

Hong Kong-based private equity firm First Eastern Investment Group plans to invest in a Wall Street bank as part of a strategy to build its presence in every major global financial hub, its chairman Victor Chu said.

China Mobile keen on deals with Taiwan firms

China Mobile, the world's largest mobile carrier, aims to sign a series of deals with key Taiwanese firms this week, helping them gain access into China's rapidly growing telecoms market.

WiFi/WAPI iPhone to enter China by year-end, Foxconn says

Foxconn, a long-time partner with Apple Inc, is working on the WCDMA standard iPhone models with WiFi and support WAPI, though the first batch of iPhones for China is Wi-Fi-disabled, an insider of iPhone Product Development told CBN news on Wednesday.

Pakistan leader backs China over Xinjiang

Pakistani President Asif Ali Zardari backed China's policies in its tense Xinjiang region ahead of his latest visit to the giant neighbor he has wooed as a strategic and economic counterweight to the West, Chinese state media said.

Iran allows U.N. watchdog access to planned reactor

Iran has allowed U.N. nuclear inspectors access to a reactor under construction after blocking visits for a year, and has let them upgrade monitoring at another site ahead of a crucial report on its atomic program.

North Korean envoys arrive in South

Senior North Korean officials sent by leader Kim Jong-il arrived in the South on Friday to mourn former President Kim Dae-jung in a move that may signal a warming of ties between the rival states.

WTO to adopt dumping report, retaliation on U.S. looms

The World Trade Organization is due on August 31 to adopt a ruling by its top court condemning U.S. anti-dumping measures, allowing Japan to seek retaliation against Washington, a WTO agenda showed on Friday.

Suntech trims shipment forecast, shares fall

Suntech Power Holdings Co Ltd posted a higher-than-expected second-quarter profit on Thursday but trimmed its full-year forecast for shipments and said prices on solar panels were still falling sharply, sending shares down 3 percent.

Caterpillar, Navistar eye China truck JV: source

Caterpillar and Navistar International Corp are in talks with China's Jianghuai Automobile to set up a truck venture, a source said, as the firms become the latest foreign players to tap the market dominated by Chinese state auto groups.

Stock futures signal losses; housing data eyed

Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500 down 0.12 percent, Dow Jones futures down 0.39 percent and Nasdaq 100 futures down 0.42 percent at 0730 GMT.

Opel future hangs in balance as GM picks buyer

The fate of Opel hangs in the balance as General Motors is poised to pick a buyer for the European carmaker after months of negotiations.

Asia shares wary as China rebounds; yen gains

Most Asian stock markets edged higher on Friday, keeping a wary eye on volatile Chinese shares, while currency traders went on the defensive after a wild see-saw week and mixed U.S. economic data, bidding up the safe-haven yen.

China jails four for Tomato Garden Microsoft piracy

A Chinese court has jailed four people for spreading their bootleg Tomato Garden version of Microsoft's Windows XP program, in what the Xinhua news agency called the nation's biggest software piracy case.

Nikkei slips, dragged down by carmakers

Japan's Nikkei stock average slipped on Friday as automakers slumped ahead of the end of the U.S. cash for clunkers program and prompted investors to sell broadly ahead of the start of Chinese stock trading.

Wall Street gains on factory data, China

Stocks rose for a third straight session on Thursday with financial stocks leading gains after U.S. manufacturing data and a rebound in Chinese stocks reassured investors.

China Taobao's H1 transactions up 97%

China's top online auction firm, Taobao, recorded transaction volume of 80.9 billion yuan ($11.8 billion) in the first half of 2009, up 97% year-on-year, according to mid-year metrics released on Thursday, despite the slight drop in spending per order due to the economic slow-down.

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