CHINA

China rate hike looms as inflation becomes political issue

Close on the heels of a China central bank adviser hinting at an imminent rate hike, a state-controlled newspaper has said more rate hike is on the cards, probably as early as in February, confirming the dominant view that Beijing will pull out all the stops to address what is becoming a serious political problem.

China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.
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Iran denies coming to atom talks with new swap offer

Iran said it had no fresh offer to make to revive a nuclear fuel swap proposal but was ready to discuss it in talks with world powers on Friday, and Russia said ways of easing sanctions on Tehran should be addressed too.

Obama pushes Hu on China's currency and rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

'Silver prices set to leap four-fold in three years'

Silver prices could hit an incredible $120 in just three years, propelled by a physical shortage in the silver market and further momentum in economic recovery, CommodityOnline has reported citing a report by thesilvershortage.com.

After summit pomp, China's Hu to face US lawmakers

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

Apple criticized for lax green standards in China

Chinese green groups on Thursday accused iPhone maker Apple of failing to properly oversee its Chinese suppliers, leading to poor environmental and safety standards, and dozens of poisoned factory workers.

China 7-day repo rate up 194 bps on money squeeze

China's benchmark short-term money market rate spiked 194 basis points on Thursday, heading for its biggest single-day rise in history, hit by cash calls for the payment to meet the official increase in bank reserve requirement ratios (RRR) and the coming Lunar New Year.

China ends year with fast growth, slower inflation

China finished 2010 with a bang, its growth soaring past expectations while inflation slowed just a touch, numbers that could prod the government to ratchet up its easy-does-it approach to tightening.

China to auction 8 shale gas blocks in Q1

China will auction eight shale gas exploration blocks in the first quarter of this year, an expanded plan for China's first such auction, which was originally expected in November, a ministry official said on Thursday.

GE CEO says equal access in China crucial

General Electric Co chief executive Jeffrey Immelt said on Wednesday he wants the United States and China to open their borders for truly free trade between the world's top two economies, rather than hiding behind protectionist walls.

Obama pushes Hu on China's currency, rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

Obama presses China's Hu on currency, rights

President Barack Obama pressed Chinese President Hu Jintao on Wednesday to let the value of China's currency rise and delivered a stern message on U.S. concerns over Beijing's human rights record.

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