China
Google's Looming China Exit Leaves Asian Success Hinging on Korea, Japan Google Inc.’s looming withdrawal
from China adds to pressure to expand in South Korea and Japan,
where the Web-search company has won a fraction of the
popularity it enjoys in the U.S. and Europe.
SABMiller's China Venture Will Pursue Acquisitions, Boost Brewery Capacity SABMiller Plc and its Chinese
partner, which make the country’s best-selling beer, will
pursue acquisitions and increase production capacity to boost
growth in the world’s most populous nation.
Coca-Cola, Moutai, Bordeaux Are All Winners in China Drinks Market Boom China’s soft-drinks output will
continue to grow at more than 20 percent a year, Xinhua News
Agency said, underscoring the potential for companies such as
Coca-Cola Co. and PepsiCo.
IMF's Lipsky Warns `Imprudent' Levels of Public Debt Post Growth Risk Advanced economies face “acute”
challenges in tackling high public debt and unwinding existing
stimulus measures will not come close to bringing deficits back
to prudent levels, John Lipsky, first deputy managing director
of the International Monetary Fund, said.
Citigroup Said to Hire Nomura's Colin Banfield as Head of Mergers for Asia Citigroup Inc. hired Nomura
Holdings Inc.’s Colin Banfield as head of mergers and
acquisitions for the Asia-Pacific region, according to two
people with knowledge of the matter.
Air China to Invest $100 Million for Controlling 51% of Shenzhen Airlines Air China Ltd., the nation’s third-
biggest carrier, said it will inject 682.1 million yuan ($100
million) into Shenzhen Airlines Ltd. for a majority stake to
gain a hub in southern China.
Citic Pacific to Sell Its 65% of Shijiazhuang Steel Mill for $231 Million Citic Pacific Ltd., an investment
company backed by China’s cabinet, said it will sell its entire
65 percent stake in Shijiazhuang Iron & Steel Co. for 1.58
billion yuan ($231 million).
U.S. Is Politicizing Yuan as Its Trade Surplus Sinks, China Minister Says China warned the U.S. against
imposing sanctions over the value of the yuan, arguing that the
exchange rate issue has been politicized and that a rise in
protectionism threatens the global economic recovery.
Zhongsheng Said to Raise $369 Million in Downsized Hong Kong Share Sale Zhongsheng Group Holdings Ltd.,
a Chinese car dealer, raised HK$2.86 billion ($369 million)
in a Hong Kong initial public offering priced near the bottom
of the offered range, said a person with knowledge of the
matter.
Asian Stocks Gain for Fourth Week on Fed Rates Pledge, More BOJ Lending Asian stocks rose for a fourth week
after the U.S. Federal Reserve pledged to keep borrowing costs
near zero for an “extended period” and as the Bank of Japan
expanded a bank-loan program.
Hong Kong's Air Quality Worsens for Fourth Day, Even With Weekend Traffic Hong Kong’s air quality worsened
for a fourth day, even though the Central business district was
largely closed for the weekend.
Sandstorm Hits Beijing, Government Urges People to Wear Masks, Stay Home Beijing was blanketed in yellow
dust this morning as a sandstorm that has been buffeting much of
the country’s northwest hit the capital, prompting government
health warnings.
Rio Tinto Trial Highlights Communist Party Role in China's `Scary' Courts Foreign companies that do business
in China will be tracking the criminal trial next week of Rio
Tinto Group iron-ore chief Stern Hu and three colleagues to see
if politics plays as big a role in any conviction as the
evidence, lawyers said.
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