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Yum profits rise as China sales accelerate

Yum profits rise as China sales accelerate

Yum Brands Inc posted a quarterly profit that topped Wall Street's estimate, boosted by sales growth in China, its largest market, though labor and food costs there surged.
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Gold eases as confidence in recovery gains traction

Spot gold was bid at $1,328.05 an ounce at 1300 GMT, against $1,336.00 late in New York on Wednesday. U.S. gold futures for April delivery fell $3.90 to $1,328.20. Concerns over the fallout from unrest in Egypt, where six people were killed after supporters of president Hosni Mubarak opened fire on protestors overnight, have underpinned prices, but have not sparked fresh investment, analysts said.

U.S. presses China to honor trade promises

U.S. Commerce Secretary Gary Locke on Wednesday criticized China for failing to honor promises to open its market and said the United States would be pressing Beijing for better results in 2011.
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Gold dips on data, earnings

Gold prices eased a touch in Europe on Wednesday after well received U.S. economic data and a spate of upbeat corporate earnings deflected interest away from bullion on to higher-risk, higher-yielding assets.
A migrant worker pushes his belongings past a vendor selling foldable stools near Dongguan East station in southern China

China may hike interest rate within a month: report

China is expected to see another interest rate hike within a month as the government intensifies its efforts to control the rising inflation, The New York Times reported on Wednesday citing a forecast of economists and bankers.
soy beans

Analysis: China sets sights on soybean imports

China may speed up its soybean imports after the Lunar New Year and slow its vegetable oil buys as floods cut off palm oil supply in Malaysia and if port strikes further stall Argentine soyoil exports.
China to offer 4G services by 2012

China to offer 4G services by 2012

China will wrap up large-scale testing of fourth generation mobile communication network, TD-LTE and will put its mobile services to commercial application as an attempt to create a competitive edge for homegrown telecom equipment producers.

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