CHINA

Intel trumps forecasts, bodes well for PC sector

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Intel Corp's quarterly results and outlook blew past Wall Street forecasts on better-than-expected consumer demand for PCs, especially in Asia, setting an auspicious tone for the technology sector.
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Rudd presses China to release detained Australian

Australian Prime Minister Kevin Rudd said on Tuesday efforts to free an Australian detained in China over claims of spying took precedent over bilateral ties and he was not worried about antagonizing Beijing.
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Mid-Day Minute - July 14

Goldman reports soaring 2Q profits, Treasury Sec. says economy improving quicker than expected, J&J beats expectations
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Midday minute - July 14 - Energy

Oil giant Exxon Mobil Corporation announced Tuesday it will invest more than $600 million and partner with biotech firm Synthetic Genomics Inc.to develop biofuels from photosynthetic algae at a large scale.
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Are China's smaller cities a bargain for investors?

Wuhan, Chongqing and Chengdu aren't exactly names that roll off the tongue for foreign investors in China's real estate, but these cities may offer more bang for the buck than their more-famous coastal cousins or capital Beijing.
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Hyundai raises 2009 China sales target by 13 pct

Hyundai Motor Co (005380.KS), South Korea's top carmaker, on Tuesday said it has raised its 2009 target for sales in China for a second time because of stimulus measures by the Chinese government to boost demand and as the company plans to launch new models.
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China regulators face off on GM Hummer deal

As a decision looms over GM's controversial plan to sell its Hummer unit to a little-known Chinese firm, the two Chinese regulators in charge of approving the deal seem to be on opposite sides of the road.
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Daily Outlook - July 14 - Energy

U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke arrive to China to stay through July 17 to highlight the potential for mutually beneficial relationships in the clean energy sector.
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WHO says health workers priority for H1N1 vaccine

Healthcare workers should get priority access to H1N1 flu vaccinations to ensure health systems keep functioning as the swine flu pandemic spreads around the globe, the World Health Organization said on Monday.
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Wrap up - July 13 - Energy

The average price of gasoline fell to $2.5573 a gallon. A consortium of 12 companies outlined a massive solar project in North Africa called Desertec which aims to provide 15 percent of the energy needed in Europe by 2050. Chinese Suntech Power Holdings Co. Ltd said today it reached agreements to develop four solar power facilities in China
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Will Chinese yuan threaten dollars?

As US dollar's role as international currency was questioned over the global financial crisis, China began its long-awaited initiative to trade with yuan as a step toward reducing China's reliance on the dollar.
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Stakes raised in German auto industry talks

RHJ International (RHJI.BR) declared its interest in Opel on Monday and Qatar looked to be moving closer to a 7 billion euro bailout of Porsche (PSHG_p.DE), raising the stakes in the battles for control of both German carmakers.
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Stimulus packages spur Philips recovery hopes

Philips Electronics, Europe's biggest consumer electronics maker, said some of its key markets are primed for an upturn in sales, though any growth this year would likely be driven by government spending programs.

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