CHINA

OPEC Pumps Record Volumes Despite Iran Slide

OPEC
Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

Ericsson Jobs On The Line In North America

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Ericsson, the world's top mobile telecoms equipment maker, is to cut jobs at its North American operations as part of a continued drive for greater efficiency in a business seeing slower sales.
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OPEC pumps record volumes despite demand worry

Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.
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China growth gliding lower, hard landing risks ease

China's economy is on course for a soft landing, a clutch of indicators showed on Friday, easing investor fears of a sharp slowdown and revealing ample room for Beijing to loosen policy further to support growth.
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Stock futures edge lower; focus on jobs data

Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling up to 0.2 percent.
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More China easing seen as data shows economy slowing

China's annual consumer inflation slowed sharply to a 20-month low in February, and factory output and retail sales also cooled more than forecast, giving policymakers ample room to further loosen monetary policy to support flagging growth.
Sim City Game

Sim City to Stage Comeback after 10 year Hiatus

Does anyone remember Sim City? Probably not. Those who might be throwing away hours at games like CityVille, most likely never knew that back in 1989, SimCity was the first game of its kind, and dominated for years. The last title in franchise came out in 2003, but after what seems like forever, Electronic Arts is ready to have SimCity stage a comeback to get some of that social networking gaming pie.
An employee poses with China yuan notes at the Bank of Taiwan head office in Taipei

China's Inflation Rate for February Falls to 3.2%

The inflation rate of China reduced sharply to 3.2 percent for February, which is a 20 month low, according to data released on Friday, showing signs that the price pressure is gradually diminishing.
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Nikkei Hits 7-Month High On Greek Deal

Tokyo stocks jumped to a seven-month high Friday as Asian shares rose on signs Greece is a step nearer to averting a default, although momentum may be checked by caution ahead of U.S. data that is expected to confirm a labor market recovery.
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OSCE urges Tajiks to end shutdown of Facebook, sites

The Organisation for Security and Cooperation in Europe has urged Tajikistan to end a local shutdown of Facebook and several Russian-language sites that had published material critical of the nation's veteran leader.
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China to add to squeeze on world corn supply

Beijing and the influential U.S. agriculture department may have overstated China's corn crop by as much as 14 percent, pointing to higher imports from the world's second-largest consumer of the grain that could squeeze already tightening global supplies.
jobless claims

Unemployment Rate Likely To Hold At 8.3% In February

Employers probably hired more than 200,000 workers for a third straight month in February, indicating that companies are feeling more upbeat about the U.S. economic recovery, economists said before a report this week.
Baselworld

Luxury watchmakers see clouds on China 'Eldorado'

Luxury watchmakers are hoping a stronger-than-expected recovery in the United States and global exposure will help them sail through a more challenging market in China, where the days of unstoppable growth are ticking by.
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Six powers seek joint stance on Iran at UN meeting

Six world powers that are poised to restart stalled talks with Iran sought on Wednesday to agree a unified stance on the Islamic Republic's nuclear programme, diplomats at the United Nations' nuclear agency said.

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