CHINA

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Bruised, China will shun mega-deals for now: bankers

China's pursuit of mega-sized deals with global leaders in strategic industries will slow as Beijing recovers from Anglo-Australian miner Rio Tinto's stunning rejection of a $19.5 billion tie-up with state-owned Chinalco.

Shares, oil surge on recovery hopes; dollar slips

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World stocks rose for a second day in a row on Wednesday as improving economic data in Asia and a weak dollar pushed oil to a fresh 7-month high above $71 a barrel, fuelling gains in resource-related stocks.
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IT firms urge China to reconsider filter

A Washington-based group representing information technology companies called on China on Wednesday to reconsider its requirement that Internet filtering software be bundled with new computers.
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Reporters' families seek mercy from North Korea

Relatives of two U.S. journalists sentenced to 12 years hard labor in North Korea called on the reclusive state to show compassion, while Pyongyang threatened to use nuclear weapons to defend itself.
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U.S. seeks tougher climate steps from China

China must press ahead with new ways to cut greenhouse gas emissions for the world to have hope of containing global warming, a U.S. energy official said, urging cooperation to end distrust between the two biggest emitters.
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World Bank's Zoellick cautious on global outlook

There is still a high degree of uncertainty regarding the outlook for the global economy, although Chinese growth could surprise on the upside, World Bank President Robert Zoellick said on Tuesday.
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China to require software on PCs to block sites

The Chinese government has required that personal computer makers bundle software that filters Internet content from July 1, raising concerns over cyber-security as well as Internet freedoms.
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Audi May sales not as bad as Mercedes, BMW

Volkswagen's Audi emerged as the clear winner among Germany's luxury carmakers in May, posting a far smaller decline in global vehicle sales than either BMW or Mercedes-Benz.
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North Korea jails U.S. journalists,warns U.N.

North Korea, facing U.N. sanctions for last month's nuclear test, on Monday raised the stakes in its growing confrontation with Washington by sentencing two U.S. journalists to 12 years hard labor for grave crimes.
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China to require site-blocking software on PCs

The Chinese government has required that personal computer makers bundle a software that filters Internet content from July 1, according to a Ministry of Industry and Information Technology document seen by Reuters.
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U.S. mulls putting North Korea back on terror list

The United States is looking into putting North Korea back on a list of state sponsors of terrorism in response to its nuclear test last month, U.S. Secretary of State Hillary Clinton said in an interview on Sunday.
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China influence to grow faster than most expect: Soros

Financier George Soros said on Sunday that China's global influence is set to grow faster than most people expect, with its isolation from the global financial system and a heavy state role in banking aiding a relatively swift economic recovery.
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Obama marks 65th D-Day anniversary in Normandy

U.S. President Barack Obama on Saturday marked the 65th anniversary of the D-Day landings on France's Normandy beaches, an important World War Two breakthrough in the battle against Nazi Germany.
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EU breaks tradition, joins World Expo

Over 200 countries have confirmed their participation in the World Expo in Shanghai next year, with the European Union (EU) promising to show up for the first time in history.
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15 Incredible Desserts You Should Try on the Road

Whether you come by your sweet tooth naturally, suddenly find your pants slipping southward from too much road grub, or just can’t face another plate of mystery meat, desserts on the road are a great way to get to know a country’s culinary culture.
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Dalai Lama shrugs off concern over Dutch meeting

The Dalai Lama on Friday made light of sharp criticism against the Dutch prime minister for declining to meet him during a three-day visit to the Netherlands, telling politicians it was of no concern to him.
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Stocks, oil, dollar rise after U.S. jobs data

World stocks extended gains on Friday, rising toward this week's 7-1/2 month high after better-than-expected U.S. employment data reinforced investors' hopes that the world's biggest economy has passed its worst.

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