EMERGING MARKETS

China wants to import more: ICBC chairman

China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.

Qualcomm Upgraded at Morgan Keegan

Morgan Keegan upgraded Qualcomm Inc. to outperform from market perform, a day after the CDMA chip maker reported strong quarterly results and boosted its fiscal 2011 outlook.
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GM sold more cars in China than in U.S. last year

General Motors Co. (NYSE: GM) said it sold more vehicles in China than it did in the U.S. in 2010, making it the first time in the automaker’s 102-year history that sales in a foreign country surpassed domestic sales.

World stocks near 2-1/2-year high

World stocks reached their highest levels in nearly 2-1/2 years on Wednesday with the MSCI world equity index reaching 1324, the highest since August 2008.
Airbus acts as catalyst in the ‘Camelina’ sustainable bio-kerosene jet-fuel project.

Airbus sells 10,000th plane, beats Boeing in 2010

European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a $5 billion order from Virgin America.
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Vimpelcom and Telenor in fresh row over Wind deal

Combative telecoms partners Telenor and Altimo squared up for yet another battle on Monday, over a proposed bid by their Russian mobile phone firm Vimpelcom for Egyptian tycoon Naguib Sawiris' telecoms assets.

Gold bounces higher as euro loses strength

Bullion rebounded on Friday as the euro lost strength despite better-than-forecast debt auctions by Spain and Italy, while purchases from jewellers and investors, which sent premiums for gold bars to two-year highs, offered additional support.
Is it fair for Brazil to brand the U.S. along with China as a currency manipulator?

Brazil’s ‘currency war’ rhetoric is phoney

Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.

Costs are going up in America for 2011

In the midst of the buzz and optimism about the economic recovery in 2011, not many are talking about the fact that cost in America may also meaningfully rise, possibly at a faster rate than justified by underlying economic growth.

HP Shows Streaming Media Device For India

The touch screen mobile device is common enough at this year's Consumer Electronics Show, but Hewlett-Packard was showing of what a touch screen can do when it gets bigger and stays in the living room.

India tops Japan's FDI destination survey

In an annual survey conducted by the Japan Bank for International Cooperation, India for the first time topped the list as the most attractive destination, overtaking China.

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