CHINA

Iran Defaults on Rice Payments to India: Traders

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Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.

Walmart names ex-Woolworths veteran as new China CEO

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Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy.
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Glencore to buy Xstrata in $90 billion deal

Commodities trader Glencore agreed an all-share takeover of mining group Xstrata worth $90 billion on Tuesday in the industry's largest ever deal, creating a powerhouse spanning mining, agriculture and trading.
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Glencore, Xstrata agree to $90 billion merger

Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
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Glencore, Xstrata agree $90 billion merger

Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
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Toyota Q3 jumps, sees tough race in North America

Toyota Motor Corp reported a stronger-than-expected quarterly operating profit and raised its annual forecast on cost cuts and Japanese government subsidies, though this is still some way below analysts' expectations.
daria.2.6.12

Assad's Forces Pummel Homs as Russian Arrives for Talks

A Syrian regime military assault on Homs killed dozens of people on the eve of a visit to Damascus by Russia's Foreign Minister Sergei Lavrov aimed at pressing President Bashar al-Assad to end an 11-month uprising by implementing swift reform.
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Yum profit up as China keeps growing

KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
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Cisco seen reporting solid second quarter

A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.
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China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
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Protesters over Syria Stone Chinese Embassy in Libya

Syrian and Libyan demonstrators hurled rocks, eggs and tomatoes at the Chinese embassy in Tripoli on Monday, after Russia and China vetoed a U.N. Security Council resolution backing an Arab plan urging Syria's President Bashar al-Assad to give up power.
UN Security Council vote on Bashar al-Assad to step down was vetoed by Russia and China

Russia, China lose credit in Arab world: League chief

The Arab League chief said on Monday that Russia and China had lost diplomatic credit in the Arab world by vetoing a U.N. resolution on Syria and may have sent a message to Damascus that it had a free hand to crack down on protests.
Congressman Posts Onion 'Abortionplex' Article In Planned Parenthood Takedown

Congressman Thinks Onion's Planned Parenthood 'Abortionplex' Article Is Real

In an effort to expose Planned Parenthood's advocacy of abortion by wholesale, Rep. John Fleming (R-La.) posted an article about a long-planned Abortionplex by the organization on Facebook. The only problem? His source was The Onion, a satirical news source, meaning everything in the incriminating piece was completely (and obviously) false.
Lamborghini

Lamborghini to follow Porsche with SUV

Lamborghini, the maker of low-slung supercars once advertised as closer to the road, is planning a new model that will be further from the tarmac than ever: An SUV.
Russian Foreign Minister Lavrov gestures during a news conference in Moscow

Russia Scolded by France after Syria Veto

After Russia used its veto power to block a United Nations resolution that would officially urge Syrian President Bashar al-Assad to step down from power, the United States and Western Euriopean nations have blasted Moscow.

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