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By , on June 19th, 2013 <!– google_ad_section_start –> SHANGHAI (AP) — General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world’s biggest auto market, though they said the segment would grow slower than expected this year. Company leaders said they were optimistic about long-term growth in the luxury segment and have aggressive plans to expand Cadillac’s dealer network. <!– google_ad_section_end –>
Continue reading GM breaks ground on China Cadillac plant
By , on June 19th, 2013 <!– google_ad_section_start –> China’s National Television has brought another case of “food forgery” to the spotlight in a country where fake eggs, beef and tofu have become staple items in national news coverage. Police in Chongqing’s Hechuan district have discovered a production site for fake honey and confiscated about 500 kilograms of the fake nectar, the national broadcaster said in a report on Sunday. <!– google_ad_section_end –>
Continue reading China’s next food scandal: honey laundering
By , on June 19th, 2013 <!– google_ad_section_start –> SEOUL, South Korea (AP) — Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve. Investors were waiting to see if the Fed, which wraps up a two-day policy meeting later in the day in Washington, will make changes to its strategy of super-low interest rates and easy money that is helping to shore up the U.S. economy. Any change is likely to ripple through stock markets. <!– google_ad_section_end –>
Continue reading World markets mostly down as investors eye Fed
By , on June 18th, 2013 <!– google_ad_section_start –> The leading developed nations have called for the creation of a global system to automatically funnel financial information about individuals and companies using offshore tax havens, but Switzerland does not want to co-operate. <!– google_ad_section_end –>
Continue reading Call for global information system to curb tax evasion
By , on June 18th, 2013 <!– google_ad_section_start –> Foreign direct investment (FDI) into China rose during the first five months of this year, the government announced on Tuesday, paced by strong increases from the European Union and United States. Incoming FDI, which excludes financial sectors, rose 1.0 per cent to US$47.6 billion (HK$369.4 billion) from January through May, the Commerce Ministry announced. It was also up 0.3 per cent in May to US$9.26 billion (HK$71.9 billion) from the same month last year, the ministry said. <!– google_ad_section_end –>
Continue reading FDI into China rises in Jan-May: govt
By , on June 18th, 2013 <!– google_ad_section_start –> The United States and the European Union launched talks on Monday to create one of the world’s most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture. A trans-Atlantic free trade agreement was first considered three decades ago but was knocked down by France in the 1990s. Europe has now managed to get Paris onside, opening the way to a deal that could boost the EU and US economies by more than US$100 billion (HK$776.0 billion) a year each. <!– google_ad_section_end –>
Continue reading EU, US leaders launch trade talks, France digs in on culture
By , on June 18th, 2013 <!– google_ad_section_start –> TOKYO (AP) — Jitters over a possible change in U.S. stimulus efforts by the Federal Reserve helped pull share prices mostly lower in early Asian trading Tuesday. Asia’s biggest benchmark, Japan’s Nikkei stock average, shed early gains to fall 0.6 percent by mid-morning in choppy trading, to 12,956.78. Hong Kong’s Hang Seng index dropped 0.7 percent to 21,075.01, while South Korea’s KOSPI index rose 0.1 percent to 1,885.77. <!– google_ad_section_end –>
Continue reading Uncertainty over US stimulus drags shares lower
By By STEPHEN CASTLE and JACKIE CALMES, on June 17th, 2013 As leaders announced the efforts toward a trade pact on Monday, a dispute over whether Europe’s movie industry would be protected highlighted the sensitivity of the negotiations.
Continue reading U.S. and Europe to Start Ambitious but Delicate Trade Talks
By By DAN BILEFSKY, on June 17th, 2013 The jockeying began after Prime Minister Petr Necas resigned over a scandal involving a close aide.
Continue reading Czech Governing Party Moves to Form New Government
By , on June 17th, 2013 <!– google_ad_section_start –> US whistle-blower Edward Snowden says accusations from American politicians that he is a Chinese spy are a “predictable smear” designed to “distract from the issue of US government misconduct”. In only his second public comments since he admitted being behind a series of leaks exposing US cyber-surveillance, Snowden told readers of a Guardian webchat: “Ask yourself: if I were a Chinese spy, why wouldn’t I have flown directly into Beijing? I could be living in a palace petting a phoenix by now.” <!– google_ad_section_end –>
Continue reading I am not a Chinese spy, Snowden insists
By , on June 17th, 2013 <!– google_ad_section_start –> Leaders of eight of the world’s wealthiest nations sought elusive progress on lowering trans-Atlantic trade barriers and pushing the warring factions in Syria towards the negotiating table as the G8 summit opened yesterday amid high security in peaceful Northern Ireland. <!– google_ad_section_end –>
Continue reading US-EU trade pact, Syria top agenda as G8 chiefs convene in Belfast
By , on June 17th, 2013 <!– google_ad_section_start –> Iranian president-elect Hassan Rowhani said he will make the country’s nuclear programme more transparent as he seeks to ease tension with the US and reduce “brutal” sanctions that have crippled the economy. He ruled out any halt to the nuclear activity that has drawn UN sanctions but said he hoped an early deal could be reached to allay the fears of major powers. The moderate cleric, who won outright victory in Friday’s presidential election on the hopes of millions for an end to the economic hardship caused by Western sanctions, pledged greater transparency in the talks. <!– google_ad_section_end –>
Continue reading Iran’s Hassan Rowhani vows nuclear transparency to ease tension with US
By , on June 17th, 2013 <!– google_ad_section_start –> Three youths have been charged and detained in France over a racist attack on six Chinese students in the European nation’s wine-making region that has been condemned by both Beijing and Paris, officials said yesterday. The youths, aged 19 and 20, were charged on Sunday night with aggravated violence, using or threatening to use arms, as well as drunkenness, the prosecutor’s office in Bordeaux said. They were then placed under detention, it added. <!– google_ad_section_end –>
Continue reading Three youths charged in France over ‘racist’ attack on Chinese students
By By STEPHEN CASTLE, on June 17th, 2013 Prime Minister David Cameron of Britain said Monday that he found some elements of the Syrian opposition worrying, as Russia warned against arming the rebels.
Continue reading Split Over Syria Becomes Clearer as Group of 8 Meets
By By JACKIE CALMES, on June 17th, 2013 Before joining Group of 8 leaders, President Obama hailed the normalcy in Belfast and the economic growth, despite Europe’s recent hard times, that was evident in the new high rises and developments.
Continue reading Obama Begins Diplomatic Tour With Address to the Youth of Belfast
By , on June 17th, 2013 <!– google_ad_section_start –> HONG KONG (AP) — Hong Kong billionaire Li Ka-shing is buying a Dutch waste and renewable energy company for 943.7 million euros ($1.3 billion), his companies said Monday, as the infrastructure and utilities businesses of Asia’s richest man expand further internationally. Four companies controlled by Li including Cheung Kong Infrastructure Holdings Ltd. said they were teaming up to buy AVR-Afvalverwerking BV. The group said it was buying AVR because it represents a “compelling long-term investment opportunity for the consortium.” <!– google_ad_section_end –>
Continue reading HK’s Li buys Dutch waste company for $1.3B
By , on June 17th, 2013 <!– google_ad_section_start –> HONG KONG (AP) — Hong Kong billionaire Li Ka-shing is buying a Dutch waste and renewable energy company for 943.7 million euros ($1.3 billion). A group of Li’s companies including Cheung Kong Infrastructure said Monday they were buying AVR-Afvalverwerking BV. Li’s companies said they were buying the company because it represents a “compelling long-term investment opportunity for the consortium.” <!– google_ad_section_end –>
Continue reading HK’s Li buys Dutch waste company for 944M euros
By , on June 17th, 2013 <!– google_ad_section_start –> British Prime Minister David Cameron says leaders gathering on Monday for the G8 summit in Northern Ireland should reach speedy agreement on trade and tax reforms, and draw inspiration from the host country’s ability to resolve its own stubborn conflict. Speaking hours ahead of the summit’s official opening at a lakeside golf resort, Cameron said he expects formal agreement to launch negotiations on a European-American free trade agreement. He said a pact to slash tariffs on exports would boost employment and growth on both sides of the Atlantic. <!– google_ad_section_end –>
Continue reading Britain’s Prime Minister Cameron rallies world leaders to G8 summit
By , on June 17th, 2013 <!– google_ad_section_start –> Two weeks after apologising for their embarrassing defeat against Uzbekistan and days after losing to the Netherlands, the Chinese national soccer team humiliated themselves again in a thrashing by Thailand on Saturday. <!– google_ad_section_end –>
Continue reading China’s soccer team reaches new low in ‘vicious circle’
By By SCOTT SHANE and RAVI SOMAIYA, on June 17th, 2013 A set of classified documents disclosed Sunday revealed that American and British intelligence agencies monitored world leaders and diplomats at trade conferences in 2009.
Continue reading New Leak Indicates U.S. and Britain Eavesdropped at ’09 World Conferences
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GM breaks ground on China Cadillac plant
<!– google_ad_section_start –> SHANGHAI (AP) — General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world’s biggest auto market, though they said the segment would grow slower than expected this year. Company leaders said they were optimistic about long-term growth in the luxury segment and have aggressive plans to expand Cadillac’s dealer network. <!– google_ad_section_end –>
Continue reading GM breaks ground on China Cadillac plant
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