CHINA

GM Posts Record Profit, Two Years After Bankruptcy and Near Collapse

United Auto Workers union member Carrie Attwood uses an ergonomic-arm to install a front seat in a Chevrolet Volt electric vehicle at General Motors Detroit-Hamtramck assembly plant in Hamtramck
General Motors Co. posted a record profit in 2011, adding to the dramatic turnaround for 103-year-old United States automaker just two years after filing for bankruptcy and nearly collapsing. The news sent stock of the company up more than 6 percent to $26.50 at midday.
Gold

India's Gold Demand Drops Below China Q4

Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up expected this year, dropping it behind China for the first time.
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Apple will reportedly unveil its next-generation iPad -- presumably called "iPad 3" -- on March 7. While most reports say Apple's third iPad will mirror the form factor of the iPad 2, there is a chance that Apple will release an 8-inch iPad

iPad 3 Release Date May Get Delayed Due to Trademark Dispute

iPad 3, Apple's next generation tablet, is expected to be unveiled in March and the excitement among Apple fans has touched a fever pitch. However, the trademark dispute between the tech giant and Proview Technology, over the name iPad could pour cold water on the excitement as it could force Apple to delay the release of iPad 3 till the matter is solved, a reliable source informed Tech & Trend.
Proview Technology has filed a lawsuit against Apple, saying that the California company has committed fraud and unfair competition.  The China-based technology company accused Apple of misrepresenting itself when securing the iPad trademark, according to

Apple versus Proview: Who Will Have the Last Laugh?

The legal dispute between Apple and Proview is becoming increasingly fierce and the whole world, including Apple fans, Apple's rivals, industry analysts, tech and law experts, are wondering who will have the last laugh.
Shanghai Gold Exchange

Shanghai Gold Exchange Cutting Margins

The Shanghai Futures Exchange (SHFE), China's biggest metals bourse, will lower trading margins for gold and revise its tiered margin system from March 1 to make it cheaper for investors to trade.
Crushed ore facility

Gold Prices Fall as Greek Default Worries Increase

Gold prices fell on Thursday as the euro slid to a three-week low versus the dollar, pressured by news that European officials considered delaying a bailout package for Greece which fuelled fears the heavily indebted nation could face a chaotic default.
China's Vice President Xi Jinping

Xi Jinping: Top Eight Facts About China's 'Next Political Leader'

Chinese Vice President Xi Jinping is eager to show the world that he has what it takes to lead the world's second-largest economy once he's elected as President. Jinping's official visit to Washington on Tuesday has catapulted him into the international spotlight, thus providing the first glimpse of the man most likely to be China's next leader.
Gold bars

Gold Demand Struck 14-year High in 2011: WGC

Gold demand struck 14-year highs in 2011, driven by record investment, buying in China, which could overtake India this year as the world's top consumer, and central bank purchases, which hit their highest in at least 40 years, according to a report on Thursday.
BP

BP Gets Nod for Another Deepwater Gas Project in China

China's ministry of commerce has approved a project that allows the British oil giant to have a presence in block 43/11, a gas field in the South China Sea, the China Daily reported quoting Chen Liming, head of BP China.
China's Vice President Xi Jinping

Remove Export Restrictions, China Tells U.S.

Addressing a gathering of U.S. business leaders, policymakers and academics in Washington, Chinese vice-president Xi Jinpin said that more balanced economic ties are needed for the crucial task of addressing the trade imbalance between the two major economies.
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Alibaba's Taobao at center of failed Yahoo deal: sources

Yahoo Inc's efforts to craft a complex $17 billion asset swap with its Asian partners stumbled over how to value Taobao, the fast-growing online retail business owned by China's Alibaba Group, according to sources familiar with the matter.
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More Chinese cities halt Apple iPad orders: reports

Retailers in more Chinese cities have been told by authorities to take the popular iPad tablet PCs off their shelves this week, media reports said on Thursday, due to a legal battle between a Chinese technology firm and Apple Inc over trademark issues.
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GE's Rice sees China growth slowing in 2012

General Electric Co believes China's economy, a key source of revenue growth for the largest U.S. conglomerate, will slow this year but not substantially below 8 percent, said the executive who runs the company's international operations.
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Apple falls, and Wall Street follows

Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.
New Zealand Court Blocks Sale of Dairy Farms to Chinese Investors

New Zealand Court Blocks Chinese Dairy Deal

Chinese firm Shanghai Pengxin, which is run by wealthy property developer Jiang Zhaobai, had hoped to spend more than $164 million buying and improving the New Zealand dairy farms.
U.S. President Barack Obama listens to China's Vice President Xi Jinping during their meeting in Washington

Xi Jinping Defends China's Human Rights Record

Xi Jinping defended China's human rights record during his meeting with President Barack Obama on Wednesday. The Chinese Vice President admitted that his country could do more in the area, but added that the United States should respect China's human rights developments.
Greece Riots

The Greek Protesters May Be Right; For Now, Austerity Is Bad Economics

In country after country in Europe the so-called bitter pill approach has been wholeheartedly embraced as the only solution by both conservative and leftwing governments. Problem is, it's looking more and more likely that they're wrong: as a strategy, austerity has by and large failed.

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