CHINA

Yen rises on Japanese output jump

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The yen rose on Friday, helped by the biggest monthly spike in Japanese industrial output since 1953, while crude prices eased from a six-month high but were still up around $3 this week on expectations of increased demand.

Geithner to urge forex flexibility in China

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U.S. Treasury Secretary Timothy Geithner will discuss with top Chinese officials how to boost global economic growth as well as the importance of flexible exchange rates for smoothing imbalances, a senior U.S. Treasury Department official said on Thursday.
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U.S., South Korea raise military alert on North

South Korea and the United States raised the military alert level for the peninsula on Thursday after the communist North warned the truce ending the Korean War was dead and it was ready to attack.
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GM bankruptcy, Opel decision seen near

General Motors Corp moved closer to filing the largest bankruptcy ever for a U.S. industrial company after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
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GM bankruptcy seen near

General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand Opel.
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GM bankruptcy decision seen near

General Motors Corp moved closer to filing the largest U.S. industrial bankruptcy after a crucial bond exchange proposal failed and as officials in Germany neared a decision on which company would take over GM's European brand, Opel.
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Germany aims to narrow Opel bidder field

Germany aims to narrow the field of bidders for General Motors unit Opel on Wednesday and reach a deal to provide the carmaker with temporary financing should its U.S. parent file for bankruptcy.
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Geithner to meet Chinese leaders next week

U.S. Treasury Secretary Timothy Geithner will meet top Chinese government officials including President Hu Jintao and Premier Wen Jiabao in Beijing early next week, the Treasury Department said on Wednesday.
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China protesters see red over Pelosi visit

Chinese protesters gave a raucous welcome for House of Representatives Speaker Nancy Pelosi on Wednesday, painting red slogans and crying out for the lawmaker to live up to her reputation as a foe of human rights abuses.
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Don't bet on China rescuing foreign car makers

Don't look for China to drive consolidation in a global auto industry bloated with too much cost and capacity, analysts and executives say, despite a recent rash of reports and speculation that say otherwise.
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GE eyes $1.5 billion in clean-tech research by 2010

General Electric Co aims to boost its investment in clean-tech research and development to $1.5 billion a year by 2010, the largest U.S. conglomerate said on Wednesday in its annual Ecomagination report.
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Opel bidders pressed to improve offers before mtg

Bidders for German carmaker Opel are being pressed to make last-minute changes to their offers ahead of a meeting on Wednesday that could narrow the field of potential investors in the General Motors unit.
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Defiant North Korea fires rockets, blames U.S.

North Korea defied international condemnation of its latest nuclear test by firing two short-range missiles off its east coast on Tuesday and major powers considered tougher action against the isolated communist state.
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China says being demonized over fake drugs

A senior Chinese health official complained on Tuesday that his country was being unfairly demonized as a center of fake drug production and defended the government's regulatory steps as sufficiently strong.
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North Korea says may stay out of nuclear curbs deal

North Korea, irked by South Korean and Japanese criticism of its nuclear test, said on Tuesday it may not support moves to curb production of nuclear bomb-making material, jeopardizing the start of global talks on the issue.
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Asustek aims to be No.3 laptop vendor in 2011

Netbook PC pioneer Asustek aims to double its market share to become the world's No.3 laptop vendor, riding the rising popularity of low-cost laptops among budget-conscious consumers during the global downturn.
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Stock futures flat to lower on North Korea worry

Stock index futures pointed to a flat to lower open on Tuesday after a long weekend as tensions surrounding North Korea unsettled investors and hopes for a quick economic recovery in the near-term ebbed.

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