CHINA

Reality checks ahead for investors

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An improving global economy, solid corporate earnings and even easing fears about euro zone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets.
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Google Wishes Indian Festival Pongal with New Doodle

Internet search giant Google Inc. has joined India's celebration of Pongal or Makar Sankranti festival with new Doodle, which has painted kites and flying balloons on its homepage. Makar Sankranti is a major harvest festival celebrated in various parts of India.

China says six-party talks key to N.Korea dispute

China said that six-party talks were more suitable than the U.N. Security Council for solving the nuclear standoff on the Korean peninsula, a senior Chinese diplomat said on Friday, days before a summit with President Barack Obama.

China's military advances challenge U.S. power - Gates

A U.S. military presence in the Pacific is essential to restrain Chinese assertiveness, Washington's defence chief said on Friday, describing China's technology advances as a challenge to U.S. forces in the region.

China defends yuan policy ahead of Hu's U.S. trip

China will not bow to foreign demand for faster gains in the yuan and will stick to its gradualist approach in currency reform, senior officials said on Friday, indicating Chinese President Hu Jintao may push back if President Barack Obama presses him on the issue next week.

U.S. again urges North Korea to meet its obligations

U.S. Defence Secretary Robert Gates on Friday held out the possibility of a resumption of six-party talks if North Korea ceases provocations and meets its obligations, but said there was no sign of it changing its ways.

China's military advances challenge U.S. power: Gates

A U.S. military presence in the Pacific is essential to restrain Chinese assertiveness, Washington's defense chief said on Friday, describing China's technology advances as a challenge to U.S. forces in the region.

Starbucks signs pact to enter India

Starbucks Corp unveiled a deal that sets the stage for the world's largest coffee company to bring its iconic cafes to India, where Western-style coffee shops are increasingly popular.
A vendor arranges vegetables at a market in Lucknow in this May 6, 2010 file photo.

Govt ducks big decisions on food inflation

The embattled Congress-led coalition government failed to announce major policy decisions on Thursday to tackle soaring food prices after days of wrangling, taking only minor measures seen as unlikely to make a major impact.
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HK stocks seen lower on weak materials sector

Hong Kong stocks are set to ease on Friday morning as investors take profits after three days of strong gains, and shares of materials-related companies could decline due to falling commodity prices.

U.S. warns on China cyber, anti-satellite capability

Advances by China's military in cyber and anti-satellite warfare technology could challenge the ability of U.S. forces to operate in the Pacific, U.S. Defense Secretary Robert Gates said on Friday during a visit to Japan.
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Gold falls after successful euro zone debt auctions

Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

Over 10 asset managers plan yuan funds in HK-sources

At least 10 asset managers are preparing to launch yuan-denominated funds in Hong Kong to tap robust overseas demand for yuan assets amid expectations of faster yuan appreciation and broader investment channels, two people with direct knowledge of the matter said.
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Uganda gets $350 mln Chinese loan for airport road

China is providing a $350 million concessionary loan to build a multi-lane toll road linking Uganda's capital with the country's Entebbe airport, 54 km (34 miles) away, Ugandan officials said on Thursday.

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