CHINA

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Foxconn not to take legal action after retraction

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads, said on Monday it had no plans to take legal action over a U.S. radio program about its activity in China, parts of which have been retracted.

Global view improving, risks still to downside: IMF's Zhu

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Global economic growth will slow this year, with the United States looking much improved but risks still to the downside as Europe's financial markets remain fragile, the deputy managing director of the International Monetary Fund said on Monday.

China to Become Leading Smartphone Market in 2012, Beating U.S.

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According to market figures released by research firm IDC, China is bound to overtake the U.S. in smartphone shipments by the end of 2012, becoming the leading market. IDC’s latest Worldwide Quarterly Mobile Phone Tracker forecast that China’s smartphone market will climb from 18.2 percent in 2011 to 20.7 percent in 2012, while U.S.’ market would drop from 21.3 to 20.6 percent over the same timeframe.
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Chinese writers' group sues Apple: state media

A group of 22 Chinese authors have filed a claim against U.S. technology group Apple, alleging its App Store sells unlicensed copies of their books, Chinese state media reported on Sunday.
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China Feb home prices unchanged from year ago

Average annual home prices in China's 70 major cities remained unchanged in February from a year ago, easing from a rise of 0.5 percent in January, according to Reuters' calculation using official data published on Sunday.
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France's Total to raise Ichthys stake later in 2012: chief

French oil giant Total's deal to buy a bigger stake in its $34 billion Ichthys liquefied natural gas project in Australia from partner Inpex Corp <1605.T> may be delayed and will only close before the year-end, its chief executive said.
FLA: Better Pay, Working Conditions for Apple Chinese Assemblers

Radio show on Apple's Chinese workers is retracted

The U.S. radio program This American Life has retracted an episode critical of working conditions at a Chinese factory that makes iPhones and iPads for Apple Inc, saying it had contained numerous fabrications.
Bain Capital and Chinese Surveillance

Bain Capital: Is Romney Profiting From Surveillance In China? Obama Campaign Cries Hypocrisy

As China's Communist Party government continues to ramp up surveillance on political dissidents, it is becoming increasingly questionable ethically for the companies that provide it with the relevant technology and services. One such company, owned by the Mitt Romney-founded private equity firm Bain Capital, stands to profit from the country's domestic security boom.
People walk behind the logo of Swiss bank UBS in Zurich

China's Cinda Gets $1.6B From UBS, 3 Other Investors

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
UPS

UPS Still In Takeover Talks With TNT Express

U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.
Maoist politician Bo Xilai was fired from his position as the Communist Party Chief of Chongqing

Bo Xilai Fired: What His Downfall Means For China

Bo Xilai has been sacked from his position as the Communist Party Chief of Chongqing. The state-owned Xinhua News Agency’s coverage of the event was brief and unceremonious, belying its critical significance.
North Korean leader Kim Jong-Un waves during a military parade in Pyongyang

North Korea's Planned Rocket Launch Alarms South Korea, US, Japan

North Korea will launch a long-range rocket carrying a satellite into space next month. The earth observation satellite will be set into orbit between April 12 and April 16, which will coincide with the nationwide celebrations for the birth of the country's founder, Kim Il-sung.
Weibo

Chinese Microbloggers Bemoan Identity Disclosure Rule

Living in one of the world's most heavily censored societies, Wang Yong enjoys anonymously venting his daily frustrations, 140 characters at a time, via China's version of Twitter, but new government restrictions are making him think twice.
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China halts 10 more Airbus orders: sources

China has suspended the purchase of 10 more Airbus jets, two people familiar with the matter said on Thursday, raising the stakes in a potentially damaging trade row over European Union airline emissions charges.

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