CHINA

China's new Internet darlings face old problems

China's new Internet darlings face old problems

China may not have been first to a launch social networking site, but it might be first to float one. Renren.com is eyeing an initial public offering in New York. Owner Oak Pacific is thought to want a valuation of $500 million. The potential for new internet darlings is huge, if they can avoid some old-school problems.

Fidelity seeks to enter China via trust venture -source

Fidelity seeks to enter China via trust venture -source
Mutual fund giant Fidelity is actively preparing to enter China by securing a trust company licence in one of the world's fastest-growing asset management market, a person familiar with the situation said on Wednesday.
Digital China eyes iPad supplier rights

Digital China eyes iPad supplier rights

Technology services provider Digital China Holdings Ltd is bidding for the rights to sell Apple Inc's iPad and Research in Motion Ltd's tablet PC in China, its chief executive said.
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Russia's WTO membership faces hurdles: report

Russia's WTO membership faces hurdles: report

Russia's membership in the World Trade Organization (WTO) will be in focus as Prime Minister Vladimir Putin meets European Union leaders on Thursday, but business leaders and trade officials from the U.S., EU and the WTO think Russia's entry is going to be difficult, the Wall Street Journal has reported.
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World Market update Feb 23.

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.

World Market Wrap 23/2/2011

U.S. stocks plunged and oil prices surged on growing fears that Libya may descend into a civil war after Colonel Moammar Gaddafi warned that he would never give up his power and would rather die a “martyr.” The concerns about Libya vastly overshadowed some surprisingly good consumer confidence data in the U.S.
maize

S.Africa looks to BRIC countries to export maize

South Africa will export 4 million tonnes of surplus maize to the world's biggest emerging markets but wants to ensure security of food supplies in southern Africa first, a minister said on Tuesday.
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Medtronic trims 2011 view, to cut up to 2,000 jobs

Medtronic Inc (MDT.N) cut its full-year earnings forecast, hampered by weakness in key medical device markets, and said it would eliminate up to 2,000 jobs, sending its shares down 2 percent. The world's largest medical device maker has struggled with slow sales as patients postponed treatments in the global
China ANTA says Q3 2011 order book value up 20 pct

China ANTA says Q3 2011 order book value up 20 pct

China's ANTA Sports Products Ltd said it recorded 20 percent growth in order book value for the third quarter of 2011, suggesting optimism among distributors over sportswear industry prospects in the mainland.
China fines Carrefour, Wal-Mart a combined $1.5 mln

China fines Carrefour, Wal-Mart a combined $1.5 mln

China has fined retail giants Carrefour SA and Wal-Mart Stores Inc a combined 9.5 million yuan ($1.5 million) for manipulating product prices in some of their stores, the country's top economic planner said on Tuesday.
China plans to rein in heavy metal pollution

China plans to rein in heavy metal pollution

China's environmental protection agency has vowed to curb heavy metal pollution in a bid to cut widespread industrial contaminants like lead that have poisoned children and sparked protests.
Construction worker stands in front of electronic board displaying graph showing movement of Japanese Yen's exchange rate against U.S. dollar in past year outside brokerage in Tokyo

Moody’s lowers Japan’s debt outlook

Moody’s Investors Service on Tuesday lowered Japan’s debt Aa2 rating outlook to negative from stable, saying political stalemate in the country will restrict efforts to tackle the nation’s debt.

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