CHINA

Google says closing gap with China rival

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Web search leader Google Inc said on Thursday it is closing the gap with rival Baidu in China, after years of trying to increase market share in the world's second-largest Internet arena.

Koreas seek formal end to Korean War

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Leaders of the two Koreas agreed on Thursday to try to bring peace to the Cold War's last frontier, just a day after the North signed up to an international deal to disable its nuclear facilities.
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IMF must adapt and downsize or die, new boss says

The next head of the International Monetary Fund said on Monday that the multilateral organisation created to assist the world economy after World War Two needed to adapt to a new global economic order and downsize or die.
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North Korea talks consider "nuts and bolts" text

Talks aimed at reining in North Korea's nuclear programmes ended on Sunday to allow delegates to return to their home countries to discuss a "nuts and bolts" joint statement with their governments, the U.S. envoy said.
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Chasing Wealth

Is The New China's Investment Agency the Road to Riches?
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Central bank: CPI to up 4.6 Pct. this year

The Consumer Price Index (CPI) is expected to rise by 4.6 percent this year and by around five percent in the first half of 2008, according to a forecast by the Research Bureau of the People’s Bank of China.
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Bain Capital to take 3Com Private

Network equipment maker 3Com Corp said on Friday it will be bought by private equity firm Bain Capital Partners for $2.2 billion in a deal that will also give China's Huawei a minority stake.
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World powers seek to narrow differences on Iran

The world's major powers will try to narrow their differences on tougher sanctions against Iran when they meet on Friday in New York, seeking to keep up pressure on Tehran to curb its nuclear program.
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Marriott says to quadruple hotels in China

Hotel operator Marriott International Inc said it planned to quadruple its hotels in China to 100 in the next five to six years to tap growing demand for tourism and business.
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Russia wants to delay Iran sanctions, France

Russia is unlikely to support new U.N. sanctions against Iran over its nuclear program until after the U.N. atomic watchdog's latest study of Iran's activities, which may not be completed until December, the French foreign minister said on Thursday.
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Nokia to sell $25,000 Ferrari phone

The luxury unit of Nokia has started selling a phone designed jointly with Ferrari for about 18,000 euros ($25,400) at its stores in London, Paris, Hong Kong and Singapore, it said on Thursday.
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World misunderstands China's Web controls: expert

The Internet in China is not as restricted as sometimes believed in the West, with most controls actually coming from sites practicing self-censorship, an academic who studies the Chinese Web said on Thursday.
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Shenhua in record $8.9 billion Shanghai IPO

China Shenhua Energy, the country's biggest coal producer, raised 66.58 billion yuan ($8.9 billion) in China's largest domestic IPO after pricing the share offer at the top of an indicative range.
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U.S to continue pushing for sanctions on Iran

The United States rejected on Wednesday Iran's claim that its nuclear program is a "closed" matter and said it would keep pushing for fresh U.N. Security Council sanctions that are resisted by China and Russia.
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Cisco, Haier Take Aim at Chinese Home Networking

Cisco Systems Inc said on Tuesday that it will cooperate with the Haier Group, China's largest manufacturer of household appliances, to build networking systems for home and individual users, as well as expanding the Chinese and international markets.
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Shenhua Shatters Shanghai IPO Record

China Shenhua Energy, the courntry's largest coal producer, has attracted a record 2.67 trillion yuan (US 355.6 billion) in subscriptions for its A-share innitial public offering (IPO),according to the China Securities Journal.
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Russia unveils new passenger jet

Russia unveiled its first all-new airliner since the fall of the Soviet Union on Wednesday, hoping to curb dependence on oil and gas exports and restore pride in its teetering aviation industry.

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