CHINA

iPhone 5

Apple iPhone 5 Pre-Orders Starts In China, Sellers On Chinese E-Commerce Platform Asking Up To $1,100

Although rumors and speculations surrounding Apple's sixth generation iPhone, presumably called the iPhone 5, are at their peak, the highly anticipated smartphone is not likely to hit stores before the fall. But opportunistic traders on China's largest e-commerce platform, Taobao, seem to topple the Cupertino tech giant as they have started accepting iPhone 5 pre-orders, complete with fake pictures and purported technical specifications.
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HP Keeps PC Crown But Lenovo Very Close

Hewlett-Packard Co. (NYSE: HPQ) narrowly retained its spot as No. 1 in global PC sales but China?s Lenovo Group (Pink: LNVGY) is within striking distance, market researcher Gartner Group (NYSE: IT) reported.
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Asian Stock Markets Fall On Slowdown Fears

Asian stock markets plunged Thursday as unexpected interest rate cut in South Korea fueled concerns over global economic slowdown and the Federal Reserve offered no strong hints about another round of quantitative easing.
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Asian Shares Flat After Release Of Fed Minutes

Asian shares barely budged Thursday as the U.S. Federal Reserve appeared to put off taking more aggressive stimulus steps until economic conditions worsen, offering investors few reasons to take risks with second-quarter earnings painting a globally gloomy picture.
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008.

OPEC Sees World Oil Demand Declining 11% Next Year

Economic slowdown in the U.S., China and emerging markets, a rise in political tensions in the Middle East and Europe's debt crisis means oil consumption will not be rebounding anytime soon, according to the world's largest oil cartel.
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Asian Stocks End Lower On Dim Earnings Outlook

Asian stock markets mostly ended lower Wednesday, following declines on Wall Street Overnight, as concerns over corporate earnings outlook and euro zone crisis weighed on the sentiment.

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