CHINA

US futures decline on Cisco outlook

Traders work on the floor of the New York Stock Exchange
Futures on major U.S. indices point to a lower opening on Thursday as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
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President Barack Obama and South Korea's President Lee Myung-bak greet U.S. Treasury Secretary Timothy Geithner and U.S. Ambassador to Korea Kathleen Stephens in Seoul

US-South Korea free trade pact trips over autos, beef

The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.
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3i posts interim profit, NAV rises 15 pct

British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.
David Cameron

UK PM praises Korea’s advanced economy; outlines G20 themes

At the closing plenary session of the G20 business summit in Seoul, South Korea, David Cameron, the British Prime Minister, praised the host country’s miraculous economic advances and also highlighted some major themes underlying the purpose of the G20.
Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development

Resist protectionism, group says

Angel Gurria, Secretary- General of the Organization for Economic Cooperation and Development, an organization consulted by the nations of the world, including most of the nations of the G-20, put the very complex matter of what the G-20 is attempting to do at its summit in Seoul this week, in simple and precise terms.
Policemen use pepper sprays on protesters trying to march during a rally in central Seoul

Class struggle at the G20 summit

Two things are always present at G20 summits: the gathering of the most powerful international elites and the gathering of common citizens and workers to protests against them.

US trade deficit narrows, but stays high with China

Goods and services trade deficit in the U.S. narrowed in the month of September from the previous month, but still remained high with China, according to a report released by the U.S. Commerce Department.
Wind turbines are seen at Thanet Offshore Wind Farm off the Kent coast in southern England September 23, 2010.

Vestas CEO wants an hour with G20 leaders

The CEO of Vestas, a major supplier of wind turbines, is asking for heads of state to meet for an hour to help come up with methods of weaning the world from fossil fuels.
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Where are the Fed's newly-printed dollars going?

To the dismay of policy makers, the newly-printed dollars of the Federal Reserve has not found its way to the real U.S. economy in the form of loans to small businesses and consumers. A key question is if they are sitting in the U.S. financial system or flowing to emerging market economies.
A U.S. and a Chinese flag flutter in front of Tiananmen Gate in Beijing

China not too happy with Fed's QE2

China is not too pleased with America's plan to inject more capital into its economy in the form of a second round of quantitative easing.
Fraud and low voter turnout cloud Myanmar polls

Fraud and low voter turnout cloud Myanmar polls

Low voter turnout and allegations of fraud marred the polls in Myanmar. Counting is currently under way as polling booths closed in the late hours of Sunday. Though official figures are yet to be released, media reports suggest that not many people were enthusiastic about the elections. This is for the first time in 20 years that the Burmese people have been allowed to vote.
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Did U.S. and China strike a currency deal?

Behind the scenes, China and the U.S., two major combatants, may already have already struck an agreement, said Douglas Borthwick, head trader of Connecticut-based Faros Trading.
China's leader-in-waiting gives departing Huntsman thumbs up

Economic implications of Xi Jinping's rise to leadership

Xi Jinping will likely be China's next President. Given his background, he is likely to favor coastal regions and continue China's export-driven economic model, and therefore unlikely to pursue structural reforms like distributing income to inner regions or taking dramatic steps to cultivate domestic consumption.

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