CHINA

BHP, Rio Tinto June half profits to plunge

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BHP Billiton Ltd/Plc and Rio Tinto Ltd/Plc , the world's two biggest miners, are set to report sharp falls in profit for the June half, battered by a slump in metals prices and volumes.

Shanghai stocks dip, Australia dollar cuts gains

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Stocks in Shanghai dropped 3 percent on Thursday, weighed by speculation China may take more steps to rein in liquidity, slashing the Australian dollar's gains, while copper slid from 10-month highs after disappointing U.S. services data.
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Lenovo Q1 beats expectations on China strength

The world's No. 4 PC brand, Lenovo , reported a smaller-than-expected first-quarter loss on Thursday, thanks to China's massive stimulus package and further boosting hopes of a rebound.
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Kazakhstan-China $3.3 billion oil deal delayed

Kazakh and Chinese state oil firms' joint $3.3 billion acquisition of a Kazakh private upstream company has been delayed, Kazakhstan said on Wednesday without providing the timeframe or the reason for the delay.
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China's Brilliance set to ship wagon to EU - execs

Brilliance Auto, BMW's (BMWG.DE) partner in China, is preparing to ship its BS4 Wagon, designed in-house, to Europe after testing the waters there with two mid-sized sedans, company executives said on Wednesday.
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China, U.S. offer no quick boost to solar slump

Investors are banking on fresh government incentives in the United States and China to help pull the solar sector out of its slump, but it will be next year before demand from those markets even begins to make a dent in the global glut of solar panels.
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Toshiba unit to invest in China LCD JV for phones

Toshiba Corp's loss-making LCD unit will invest in a joint venture in China to tap growing demand for mobile phone displays and offload equipment as it shifts its focus in Japan to high-resolution products.
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Clinton success in Pyongyang has diplomatic risks

Former U.S. President Bill Clinton's successful mission to Pyongyang to win freedom for two jailed American journalists carries with it new risks to the Obama administration's efforts to rid North Korea of nuclear weapons.
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North Korea frees U.S. journalists; what next?

Former U.S. President Bill Clinton left North Korea on Wednesday with two American journalists whose release he secured in a meeting with the hermit state's leader, possibly opening the way to direct nuclear disarmament talks.
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Clinton, U.S. journalists leave North Korea

Former U.S. President Bill Clinton left North Korea on Wednesday with two American journalists whose release he secured in a meeting with the hermit state's leader, possibly opening the way to direct nuclear disarmament talks.
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M.Stanley eyes Shanghai property sale: sources

The real estate investment arm of U.S. bank Morgan Stanley (MS.N) aims to sell a Shanghai office building for around 2.5 billion yuan ($366 million) to a Hong-Kong-listed developer, sources said on Tuesday.
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Building collapses in N China killed 17

A yet-to-be-completed factory building collapsed in a severe thunderstorm Tuesday in northern China, killing 17 and injuring three, but journalists were hindered to report on it, local media said.
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Rainstorms hit SW China, 380,000 affected (Photos)

Severe rain, which has been lashing China's southwest Chongqing since Sunday, has killed one person and affected 117 towns and 380,000 people as of 6:00am Tuesday. Four people reported missing have still not been found.
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Private equity funds in Taiwan bank on China interest

Global private equity funds have found a window of opportunity to invest in Taiwan's financial sector, making acquisitions with the hope of turning a profit when the market opens to China Inc in the years to come.
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Bill Clinton in North Korea, meets Kim Jong-il

Former U.S. President Bill Clinton made a surprise visit to North Korea on Tuesday to try to win the release of two jailed American journalists, and met the country's reclusive leader Kim Jong-il.
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HSBC in talks to form securities JV in China

HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.
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Bill Clinton in North Korea to win reporters' release

Former U.S. President Bill Clinton made a surprise visit to North Korea on Tuesday to try to win the release of two jailed American journalists, a move some analysts said could mark the isolated state's return to talks over nuclear weapons.
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China iron ore business carries on for small Oz miners

Small-capped Australian iron ore miners say it is business as usual with Chinese steelmakers despite protracted negotiations between China and mining giants Rio Tinto and BHP Billiton to settle an annual benchmark price.

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