CHINA

S&P raises China’s debt rating

Capital inflows to emerging market economies poses risks in the future
Standard & Poor’s upgraded its long-term foreign and local currency sovereign credit ratings on the People’s Republic of China to ‘AA-’ (its fourth-highest ranking) from ‘A+’.

Top political and economic risks for Asia next year

Japan's Foreign Minister Seiji Maehara (L) meets with China's Foreign Minister Yang Jiechi in Hanoi
The Asia-Pacific region will continue to be the fastest-growing region of the world in 2011, according to a forecast by IHS Global Insight. However, the report says the region faces significant risks in the backdrop of the fragile state of some of the largest economies in the world, the raging sovereign debt crisis in the European Union and 'deep-seated structural problems facing Japan.
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Top After-Market NASDAQ Losers (SCLN, TOBC, CFFN, OFIX, PULB)

The top after-market NASDAQ stock market losers are: SciClone Pharmaceuticals, Tower Bancorp, Capitol Federal Financial, Orthofix International, Pulaski Financial, Energy Recovery, Energy Conversion Devices, China Ritar Power, EZchip Semiconductor, and Hercules Offshore.
A migrant worker carries his belongings on his shoulder as he walks to a train station in Beijing October 19, 2010. China must lift the incomes and spending power of hundreds of millions of workers and farmers to keep the world's second-biggest economy fr

Social discontent rising in China: CASS

Social unrest in China has significantly increased this year, with people in small towns and rural areas particularly unhappy with their lives, according to a study by the Chinese Academy of Social Sciences (CASS), a Chinese think-tank.
More than half of GM plants are landfill-free

UBS Starts GM with 'neutral' rating

UBS initiated coverage of General Motors with a 'neutral' rating and $37 price target, saying that the automaker has no near-term catalysts to move the stock.
Nouriel Roubini, New York University Professor of Economics and co-founder and chairman of Roubini Global Economics.

What Roubini predicts for major global economies in 2011

Roubini Global Economics (RGE) has predicted that global economy's growth next year will be marginally weaker than this year, with eurozone holding the biggest risk to global growth, and that the U.S. will not emerge any time soon from the worst unemployment crisis it has faced in decades.
A worker wipes a crane in Tokyo on Dec. 8, 2010.

Tankan survey shows Japan’s recovery is fading

The Bank of Japan's Tankan business survey showed on Wednesday business confidence among large manufacturers dropped in December, the first decline in seven quarters, and that the prognosis going forward was gloomier.
An employee moves tires at a tire factory

Chinese satisfaction with prices touches 11-year low

The percentage of Chinese who are satisfied with current price levels sharply dropped to the lowest level in 11 years despite the government efforts to contain rising prices, the People's Bank of China (PBoC) said.
Solar panels sit on the roof of SunPower Corporation in Richmond, California March 18, 2010.

India, US in solar power struggle

The India-U.S. solar collaboration has hit some snags as the U.S. is trying to push India to remove regulations related to imports of solar technology, the Wall Street Journal reported.
A worker welds steel pipes at a factory in Suining

Why the Chinese save so much

The rise in income uncertainty and the 1997 pension reform measures have been largely responsible for the recent rise in China's savings rate. Other factors include health care costs and astronomical real estate prices.
Solar panels

Sunny report on solar exports

The Obama administration has an ambitious goal of doubling U.S. exports over the next five years and creating two million U.S. jobs in the process.
U.S. peace envoy Richard Holbrooke, accompanied by General Wesley Clark (L), announces the ceasefire agreement for Bosnia at the US embassy in Zagreb in this October 5, 1995 file photo. Holbrooke, who was President Barack Obama's special envoy to Afghanis

Ambassador Holbrooke is dead

Richard Holbrooke, a top U.S. diplomat who was a key figure in negotiating peace to end the war in Bosnia 15 years ago, and was the special envoy to Afghanistan and Pakistan, died on Monday.
An employee moves tires at a tire factory

China insists US tire duties counter-productive, will appeal WTO ruling

China on Tuesday criticized a World Trade Organization (WTO) ruling yesterday that upheld the U.S. decision last year to slap duties on Chinese-made tires and said it will appeal to the global trade body. The Chinese commerce ministry repeated that the safeguard measures adopted by the U.S. on Chinese tire imports were protectionist and counter-productive.

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