CHINA

China arrests 96 over tainted milk: source

Chinese police have arrested 96 people for using melamine-tainted milk powder to produce dairy products, state media said on Thursday, the same chemical that killed several babies in a milk powder scandal in 2008.
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Analysis: Asian capitals seek clues to U.S.-China ties

Worries about China's military buildup and aggressive diplomacy are bolstering its neighbors' desire to see Washington stay committed to the region while pushing them to hedge their bets against waning U.S. influence.

Shanghai Pharma to apply for a HK listing - report

Shanghai Pharmaceuticals Holding Co Ltd (601607.SS) aims to raise at least 8 billion yuan ($1.21 billion) in a Hong Kong listing before the end of June, and will submit a listing application in Hong Kong this month, the South China Morning Post reported on Thursday.

HK stocks seen higher after HSBC-led breakout

Hong Kong stocks are likely to rise further on Thursday with traders expecting momentum to continue after the benchmark convincingly broke through short-term chart resistance on high volumes.

ICBC sees no fundraising within 3 yrs-report

China's largest lender, Industrial and Commercial Bank of China (ICBC), said it will not conduct fundraising from the capital markets within three years, the Securities Times reported on Thursday, citing the bank's chairman.

China says stealth jet test flight not a threat

China told the United States on Wednesday its first test flight of a stealth fighter jet should not be seen as a threat and reiterated it had no intention of challenging U.S. military might in the Pacific.

As China moves to free up yuan, investors want more

State-owned Bank of China Ltd's move to offer limited deposit services in the renminbi to U.S. customers represents a tiny step in what will be a long journey for the Chinese unit to become a widely-traded international currency.
China's President Hu Jintao adjusts his glasses at the APEC CEO Summit in Yokohama

U.S. tries fence-mending with China

President Hu Jintao of China is coming to America next week, to meet with President Barack Obama and discuss relations between the world’s two largest economies.

US to press China on yuan, economy ahead of Hu visit

The United States wants a real, demonstrative commitment from China that it is serious about shifting away from export-led economic growth, a U.S. official told Reuters on Tuesday ahead of next week's state visit by China's Hu Jintao.

Bugs Could Replace Cattle, Cut Greenhouse Gases

Livestock put a lot of stress on the environment through greenhouse gas emissions. A group of Dutch scientists has asked whether insects might replace cattle as food and cut the environmental impact.
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Gold firms as dollar eases; Portugal auction eyed

Gold prices rose in Europe on Wednesday, as a retreat in the dollar, rising oil prices and caution ahead of a sale of Portuguese bonds later in the day all boosted interest in the precious metal.

Four major risks to US economic recovery in 2011

The extra fiscal stimulus in the form of tax cuts approved in December could produce a 4 percent growth rate for the U.S. economy in the first half of 2011, but there are lingering risks that could lead to a cold shower in 2012, according to the American Enterprise Institute (AEI).
One Euro coins

China does not want to see euro disappear

Europe can definitely solve its debt problems and China will continue to support the euro's role as an alternative to the dollar in global financial markets, a Chinese central bank adviser said on Wednesday.

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