CHINA

Chinese Workers Trapped in Middle of Sudan Conflict

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The Sudan military rescued 17 of the Chinese workers who were abducted from their camp in South Kordofan on Saturday. They were reportedly taken to a safe place, but at least 29 workers are still being held.

Starbucks to enter India, targets 50 outlets by year-end

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Starbucks Corp will open its first coffee shops in India in August or September, a year later than originally planned, and aims to have 50 outlets by year-end through a tie-up with the Tata group, the country's biggest business house.
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Hang Seng Shares Snap Six-Session Winning Streak

Hong Kong shares snapped a six-session winning streak on Monday, dragged down by Chinese banks and developers, as investors took profits on some recent outperformers while waiting to see if there will be a Greek debt-swap deal that averts a default.
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Convicted Criminals Use Facebook to Taunt Victims' Families

Facebook to File for $10-Bln IPO: Is $100-Bln Valuation for the Company Appropriate?

Facebook Inc., the world's largest social networking site, is getting closer to its initial public offering this week as the company is reportedly planning to file papers with the U.S. financial watchdog on Wednesday. Speculation is rife that the social media giant is aiming to raise about $10 billion, which would value the company at between $75 billion and $100 billion.
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Honda out to shake up market with first jet next year

Honda Motor Co <7267.T> expects to grab at least a quarter of the world market for small business jets soon after delivering its first aircraft next year, achieving the company's long-standing goal of taking to the skies, an executive said.
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China to make Shanghai global yuan hub by 2015

China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
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China's Wen: government debt risk controllable

China's Premier Wen Jiabao said the nation's government debt is at an overall safe and controllable level, that funding for key projects would be ensured and that applying the brakes to the problem would be done in a way to avoid systemic risks.
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South Sudan Cuts Oil Flow, Demands Border Pact

South Sudan has totally shut down oil output in a dispute with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region, its oil minister said Sunday.
syria.1.29

Syrian Troops Assault Rebel-Held Towns Near Damascus

Around 2,000 Syrian troops backed by tanks launched an assault to retake Damascus suburbs from rebels Sunday, activists said, a day after the Arab League suspended its monitoring mission in Syria because of worsening violence.
Smoke rises from the chimneys of an oil refinery near Corinth town, some 80km (50 miles) west of Athens January 24, 2012.

Iran Mulls Long-Term, Very Long-Term, Ban on EU Oil Sales

Iran is considering banning all oil exports to the European Union for five to 15 years, a senior Iranian lawmaker was quoted as saying on Sunday, while the country's deputy oil minister said prices would surge should the EU stop importing Iranian crude.
Myanmar opposition leader Aung San Suu Kyi speaks to supporters from a vehicle at Yae Phyu village in Dawei township January 29, 2012.

Myanmar's Aung San Suu Kyi Calls for Constitutional Changes

Awaiting the Great Transformation: Myanmar opposition leader Aung San Suu Kyi called on Sunday for changes to the military-drafted constitution in her first political trip since ending a boycott of the country's political system last year and announcing plans to run for parliament.
EU Trade Commission Karel De Gucht (R) and U.S. Trade Representative Ron Kirk attend a session at the World Economic Forum (WEF) in Davos, January 28, 2012.

Beware, Trade Cheats: New U.S. Team Getting Ready for You

A new team of U.S. trade enforcers will make countries think twice about building unfair barriers to American exports, said President Barack Obama's top trade official, who noted the team will include intelligence officials as well as representatives of multiple agencies.

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