CHINA

US judge sends engineer to prison in China spy case

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A former Northrop Grumman Corp (NOC.N) engineer has been sentenced to 32 years in prison for providing secret defense information to China, exporting technical military data and other crimes, the U.S. Justice Department said on Tuesday.

China banks cut bad loans, raised provisions in 2010

Chinese banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows.
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Military

Niger says vote to go ahead as planned on January 31

A presidential election in Niger aimed at returning the West African uranium exporter to civilian rule will go ahead as planned on January 31 after logistical problems were solved, the ruling junta said late on Monday.
The Sands casino and hotel is seen in Macau

Macau casino boss fights family over his vast empire

Billionaire Stanley Ho, the 89-year old godfather of a casino business empire based in Macau in southern China, is battling members of his own family over the control of companies that comprise his immense wealth.
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Gold eyes 10-week low as safe-haven bid fades

Gold fell to its lowest in ten weeks on Tuesday, putting the price on course for its worst monthly performance in 13 months as safe-haven demand evaporated and investors booked further profits on the 2010 rally.

Huawei Sues Motorola Over Asset Sale

China's Huawei Technologies Co. Ltd. has sued Motorola to delay the sale of the latter's wireless infrastructure business to Nokia Siemens Networks. The lawsuit alleges that such a sale would possibly result in illegal transfer of Huawei's intellectual property.
India top court defers view on PM role in scandal

U.S. eases some high-tech export curbs on India

The U.S. Commerce Department said on Monday it was easing restrictions of exports of high-technology goods to India in recognition of the two countries' stronger economic and national security ties.

GM sold more cars in China than in U.S. last year

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.

Analysis: Be careful what you wish for: the China Price starts

Call it the price of success. China is starting to pass on the rising cost of labor and other manufacturing inputs as it restructures its economy, creating a potential new inflation headache for Western countries already grappling with surging commodity prices.

China province hit by worst drought, warning on wheat

Most of China's wheat-growing areas in the north are suffering from drought with some seeing no rain for more than three months while the second most important wheat province of Shandong is facing its worst drought in a century.

Breakthrough after U.S. warns China on North Korea

The United States warned China it would redeploy forces in Asia if Beijing failed to rein in North Korea, an Obama administration official said on Friday, as Pyongyang bowed to Seoul's demands for crisis talks.
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Gold edges up as price drop attracts buyers

Gold rose on Monday as lower prices after the metal's third consecutive weekly loss attracted some buyers back to the market, but a more optimistic view of global growth still limited fresh investment.

Weather boosts Kenya tea output to record in 2010

Favourable weather and currencies boosted Kenya's 2010 tea crop and export earnings to record levels, and the sector overtook horticulture as the country's top hard currency earner, officials said on Monday.

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