CHINA

Workers at Amphenol factory weave intricate cables for western brands in China's Guangzhou

China Factory Output Cools in August--HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.

China urges Libya to protect investments

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China on Tuesday urged Libya to protect its investments and said their oil trade benefited both countries, after a Libyan rebel warned that Chinese oil companies could lose out after the ousting of Muammar Gaddafi.

China needs to diversify FX reserves -c.bank adviser

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China should diversify its huge foreign exchange reserves into non-financial assets to hedge against risks from a long-term decline in the U.S. dollar, Xia Bin, an academic adviser to the central bank said on Tuesday.
A sculpture showing the euro currency sign is seen in front of the European Central Bank  headquarters in Frankfurt

China Vice Foreign Minister Frets About Eurozone Collapse

The eurozone could collapse if its member countries don't work together to solve its debt crisis, but China is pleased to see that Germany and France are cooperating to avert that risk, a Chinese vice foreign minister said in an interview.
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Gold Gives up Some Ground on Profit Taking, Fed Prospects

Gold closed down 1.6 percent as investors ignored mixed economic news to take profits from recent gains and to put their confidence in the head of the U.S. central bank whom they hope will use a speech later this week to signal support for the ailing American economy.
Joe Biden Mongolia (1 of 5)

Joe Biden Takes on Mongolian Wrestlers [PHOTOS]

While in Mongolia to enhance economic ties with the mineral-rich nation, U.S. Vice President Joe Biden was treated to a lavish celebration and was caught joking around with some Mongolian wrestlers.
iPhone 4

Apple Suppliers Building Cheaper, 8GB iPhone 4

Asian suppliers to Apple Inc (AAPL.O) have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.
A motorist pumps fuel into his vehicle at JJ's Express Gas Plus station in Phoenix gas station in Phoenix

Oil Up on Libya Strife, Manufacturing Data

Oil prices rose on Tuesday, boosted by better-than-expected manufacturing data in Germany and China and by uncertainty in Libya where government loyalists staged a fight back.
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Gold Pulls Back from $1,900 with 2.4% Drop

Gold dropped 2.4 percent on Tuesday from the record $1,917.90 it achieve the day before as investors moved out of safe-haven assets like precious metals and U.S. Treasuries for stocks and other riskier assets.
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China factory output cools in August: HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.
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BYD plummets, putting spotlight on strategy, Buffett

BYD Co's profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the Chinese auto and battery maker backed by Warren Buffett struggles with steady sales declines and waning popularity of its top model.
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Spot Gold Soars to All-Time Nominal High

Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.

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