CHINA

Apple iPhone 5 Release Date 2012: Foxconn Recruiter Says June Launch [RUMORS]

A recruiter for Foxconn, the largest manufacturing partner of Apple products, told reporters from TV Tokyo's World Business Satellite that Apple's sixth-generation iPhone, presumably called the iPhone 5, will be released in June. He added that Foxconn is hiring about 18,000 workers to kick production of the new smartphone into high gear before summer.

Sotheby's Toasts Stellar HK Wine Sales, Art Sales Mixed

Hong Kong Wine
Global auction house Sotheby's kicked off its spring sales in Hong Kong by selling all lots in a two-day wine sale, outstripping expectations, but the picture was less clear for its Asian and Chinese art sales as buyers became more selective.
Wen Jiabao speaking at the 5th "Honest Politics Work Meeting"

China's Wen says bank monopoly must be broken: state media

China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
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Sunil Babu Pant, founder of Nepalese LGBTI group Blue Diamond Society

Could Nepal Be The Gay Haven Of South-Asia?

Nepal, the Himalayan state bordered by Asian giants China and India, has arguably achieved what its neighboring nations haven't even thought about: Preparations are underway in its mountainous terrain -- where the monarchy gave way to democracy only in 2008 -- to host the region's first sports competition for LGBTI (Lesbian, Gay, Bisexual, Transgender and Intersex) community.
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Asian Shares Rise On Growth Hopes After Firm U.S. Data

Asian shares rose Tuesday, riding on the back of strong gains in global equities overnight after solid manufacturing data from the United States and leading Asian exporters offset signs of mild recession in Europe.
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PepsiCo Inc. Betting On Emerging Markets For Continued Growth

PepsiCo Inc. (NYSE:PEP), the world's second-largest food and beverage company, claimed the No.784 spot on the IBTimes 1000 list by expanding aggressively in emerging markets and catering to consumers' demand for healthier food and beverages.
Russia's foreign minister Sergey Lavrov

Russia Rejects Deadline For Syria To Comply With UN Peace Plan

Special envoy Kofi Annan met Monday with the U.N. Security Council in New York to discuss the progress of his cease-fire and peace plan aimed at ending a brutal crackdown by forces loyal to President Bashar al-Assad against rebel fighters.
Apple store in Manhasset, N.Y.

Apple at $1,001? Analyst Sees Within 18 Months

Could Apple (Nasdaq: AAPL) shares trade at $1,001? Analyst Brian White of Topeka Capital Markets see that within 18 months when Apple closes its fiscal 2013.
starbucks

Starbucks Corp.: China Will Be 2nd Largest Market by 2014

Starbucks Corporation (NASDAQ:SBUX), the world’s largest coffee-shop chain, is planning to further tap into the massive Chinese market and triple the size of its workforce and local network of shops by 2014.
China

China PMI Paints Mixed Manufacturing Picture

China's official manufacturing purchasing managers’ index, a gauge of manufacturing sector performance, unexpectedly jumped to the highest level in a year, while a rival index by HSBC showed further weakening in the sector.
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US Stock Futures Signal Early Gains; ISM, Construction Data Eyed

Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.
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China Manufacturing PMI: The Confusing Signals

China's manufacturing sector expanded rapidly in March, confounding expectations of a contraction and easing fears about a potential hard landing for the world's second-biggest economy.
A worker paints wind turbines at China Ming Yang Wind Power Zhongshan Ming Yang electric factory in Zhongshan, southern Chinese province of Guangdong

Asian Manufacturing Firms Up, China PMI Hits 11-Month High

(Reuters) - Asia's manufacturers stepped up the pace in March to fill an influx of new orders as Europe's debt crisis subsided and U.S. growth picked up, dispelling some of the gloom that had shrouded the global economy.
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Mixed Signals Emerge From China's Factories In March

China's big factories were surprisingly busy in March as a stream of new orders lifted activity to an 11-month high, but credit-constrained smaller manufacturers struggled, suggesting that the economy is still losing steam.

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