CHINA

Screen grab from Lashou.com on Nov. 1

China's Groupon Clone Files for $100 Million U.S. IPO

China's leading daily-deals website Lashou Group plans to raise up to $100 million in an initial public offering on the Nasdaq to expand its marketing efforts and delivery systems, according to a filing to the stock exchange.

China PMI in surprise fall, lowest since 2009

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China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.

China PMI in Surprise Fall to Lowest Point Since 2009

A supervisor inspects as employees make electronic parts at a factory in Suining
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
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Smartphone maker HTC warns of weak Q4

HTC Corp warned its sales in the fourth quarter, traditionally a bumper sales season for smartphones, would drop below the previous quarter and analysts' forecasts as the Taiwanese firm struggles to compete against bigger rivals.
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G20 to keep focus on China currency flexibility: U.S.

Greater currency flexibility from China and other emerging economies will be reviewed by G20 leaders this week as they focus on the need for balanced global economic growth, a top U.S. Treasury official said on Monday.
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China Set on Changing Iron Ore Prices

China, the world's largest iron ore purchaser, has held talks with with Vale SA, Rio Tinto Group, and BHP Billiton Ltd. in order t set a new pricing system after a large crash in market prices.
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Moody's Cuts Outlook for European Steel Industry

Ratings agency Moody's has cut its outlook for the European steel industry to negative and said it expects demand to weaken by up to 4 percent in the next 12 months, as the industry faces economic strain and weak construction and auto markets.
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Contract Iron Ore Prices Down

A slide in iron ore prices has driven miners to alter costly quarterly contracts to please Chinese clients, but spot pricing, which magnifies the impact of price swings, is still distant.
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Banks Lead European Shares Lower

Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
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European Shares Lower but October to be a Strong Month

Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
Long March II-F rocket, loaded with Shenzhou-8 spacecraft

China denies it is behind hacking of U.S. satellites

Beijing on Monday denied a U.S. commission's claim that China may have been responsible for hacking incidents on U.S. environment-monitoring satellites, saying that the committee had ulterior motives in writing such a draft report.
Shanghai Gold Exchange

JP Morgan Gets Seat on Shanghai Gold Exchange

The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
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HTC sees Q4 revenue and shipments lower qoq

Taiwanese smartphone maker HTC Corp said on Monday it sees slightly lower revenue and shipments in the fourth quarter than in the third, citing uncertainties from new models going to be launched by the company and competitors, as well as global economic invisibility.

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