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Asia to Add 1.66 Million Millionaires by 2015: Study

Asia will add 1.66 million dollar-millionaires by 2015, taking the total number of wealthy to 2.82 million as the world's fastest-growing major economies of China and India continue to mint millionaires, a report from Julius Baer said on Wednesday.

Weak electronics short-circuit Asian growth

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Japan and South Korea reported surprisingly weak July factory output on Wednesday as global electronics demand faded, exposing Asia's vulnerability to a worsening U.S. and European economic slowdown.
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China state media urge crackdown on microblog rumours

China's state-run news agency demanded on Tuesday that Internet companies, regulators and police do more to cleanse websites of toxic rumours, adding to signs that the ruling Communist Party wants to tame the explosion of freewheeling microblogs.
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Japan maestro Ozawa cancels China performances

Seiji Ozawa, Japan's most famous conductor, will not take part in a music festival in China later this week, organizers said, with media reporting that he was in hospital in Tokyo for tests.
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China Citic Bank unveils jumbo CNH bond offer

China Citic Bank Corp Ltd plans to sell up to $4.7 billion in offshore yuan-denominated bonds by 2013, indicating that issuers are lining up to sell debt in the territory after the authorities unveiled fresh reforms this month.
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China revises up 2015 renewable energy goals

China will raise development targets for renewable energy such as wind power for the five-year period through 2015, state media reported on Tuesday, as the world's top energy user and carbon emitter aims to reduce its reliance on fossil fuels.
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CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
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Mengniu H1 net profit up 28 pct, quality in focus

China Mengniu Dairy Co Ltd , the country's top dairy product maker in which China private equity firm Hopu Investment Management owns a stake, on Tuesday posted a 27.6 percent rise in first-half net profit on solid sales growth, pledging to ensure product quality after a series of scandals tainted the industry's reputation.
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HP may resurrect TouchPad, weighs PC spinoff

Hewlett-Packard Co may resurrect its TouchPad as it weighs a spinoff of its personal computer arm, the head of its PC division said, suggesting HP might revive a tablet that lasted just six weeks in the face of stiff competition from Apple Inc.
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FDA chemist near plea over insider trading charges

A Food and Drug Administration chemist and his son accused of making millions of dollars with inside information about drug approvals are close to reaching plea agreements, according to court papers.
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Analysis: Peabody/ArcelorMittal bet on steel growth

The world's biggest steelmaker and America's largest coal producer could pay top dollar for Australia's Macarthur Coal , but they are likely to reap a benefit if the surging Asian steel business keeps growing, according to analysts.
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Heinz says Brazil, China deals exceed expectations

H J Heinz Co's recent acquisitions in Brazil and China are doing better than expected as the food maker works on boosting its business around the globe, Chairman and Chief Executive William Johnson said on Tuesday.
Gold and silver bars are pictured at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna August 26, 2011.

Asian Trading Lifts Gold As Bargain Hunters Go Shopping

Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.

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