ECB, Bank of England hold firm on interest rates

The China Post- The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday, despite calls by some politicians for a cut in the face of a rising euro that they fear will hurt Europe's economies. Full Story

Google says it's closing the gap with rival Baidu in China

The China Post- Web search leader Google Inc. said Thursday it is closing the gap with rival Baidu in China, after years of trying to increase market share in the world's second-largest Internet arena. Full Story

China, United States launch first joint financial services firm

The China Post - The first U.S. financial services company to be co-owned by a Chinese firm was hailed Tuesday as an example of how the two nations can cooperate in a global economy. Full Story

Synnex bets on China to drive sales growth

The China Post - Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market. Full Story

Hong Kong not keen to fund Disneyland expansion

The China Post - Hong Kong Disneyland is unlikely to receive more money from the local government to fund new attractions because of disappointing attendance at the theme park since it opened two years ago, a local newspaper reported Wednesday. Full Story

Greenspan defends subprimes, sees early signs of easing

The China Post - Former Federal Reserve chairman Alan Greenspan defended the U.S. subprime mortgage market Monday, arguing that the securitization of home loans for people with poor credit -- not the loans themselves -- were to blame for the current global credit crisis. Full Story

Shanghai equities market has all the characteristics of a bubble, ex-Fed says

The China Post - The Shanghai stock market has all the hallmarks of a bubble, former U.S. Federal Reserve Chairman Alan Greenspan said Monday. Full Story

United States firm recalls Chinese-made toy rockets

The China Post - Estes-Cox Corp, a Colorado-based importer of flying model rockets made in China, has recalled about 80,000 of its X-15 rocket because of a potential safety hazard, the U.S. Consumer Product Safety Commission said. Full Story

Shipment of frozen United States sardines fails China checks

The China Post - China has found poisonous bacteria in a shipment of frozen sardines prepared in the U.S. and shipped by a Japanese trading company, state media said on Tuesday. Full Story

Morgan Stanley raises US$1.5 billion for Asia fund

The China Post - Morgan Stanley, the second-largest securities firm, said it raised about US$1.5 billion for a dedicated Asia private equity fund. Full Story

China CLSA purchasing managers' index up to 55

The China Post - China's manufacturing activity expanded at a faster pace in September, according to a survey by CLSA Asia Pacific Markets. Full Story

PRC uses leading exporters as models

The China Post - First comes the "wind shower." Wearing overalls and rubber boots, employees at Fusheng Food Co. stand in a narrow room as air jets in the walls blow away any dust on them. They wade through ankle-deep disinfectant and don caps, gloves and surgical masks. Full Story

China's top panel urges quality efforts

The China Post - Officials must try harder to resolve China's product safety problems, especially at lower levels that oversee manufacturing, the chief of a special panel says. Full Story

Asia could win next 'Space Race,' United States scientists fear

The China Post - Fifty years after the launch of Sputnik left the United States scrambling to play catch-up in the first Space Race, U.S. scientists fear history may be repeating itself as Asia emerges as the rising force in space exploration. Full Story

Poor profits, globalization, insurgents play havoc with India's tea industry

The China Post - He's a genteel man, with a sprawling plantation house, courtly manners and an estate of carefully trimmed tea bushes that stretches across the gentle hills of Assam, blanketing the land as far as you can see. Full Story

China unleashes cautious giant onto world's financial markets

The China Post - There was no champagne, no music, and just a few young women in traditional dresses. The low-key ceremony that marked the launch of China Investment Corp. this weekend could reflect the cautious manner in which Beijing intends to unleash the largest fund in history onto the world's financial markets. Full Story

Central bank to push more corporate bonds

The China Post - China will encourage publicly traded companies to issue bonds as a way of diversifying their corporate borrowings, the central bank said. Full Story

Push-up bra, certain underwear ads banned

The China Post - China has banned TV and radio ads for push up bras and figure-enhancing underwear in the communist government's latest move to purge the nation's airwaves of what it calls social pollution. Full Story

French firm to pay US$44 million in patent case

The China Post - An eastern China court has ordered a French electrical company to pay 330 million yuan (US$44 million) for infringing the copyright of a Chinese enterprise, a company official and state press said Sunday. Full Story

Shenzhen couple may get millions for demolished home

The China Post - A Chinese couple may get up to 20 million yuan (US$2.7 million) in compensation from developers after agreeing to the demolition of their home in the southern boomtown of Shenzhen, Xinhua news agency said Sunday. Full Story

Ningbo Huaxiang eyes German acquisition

The China Post - Ningbo Huaxiang Electronic Co., a small but fast-growing Chinese automobile parts maker, said Saturday it was in preliminary talks to buy a German auto parts maker for between 1 billion and 1.5 billion yuan. Full Story

Grenada to destroy fake toothpaste from China

The China Post - Grenadian officials Friday said they will destroy thousands of tubes of counterfeit toothpaste they suspected may be toxic and other goods recently shipped from China. Full Story

ThyssenKrupp to double sales in China in 5 years

The China Post - German industrial conglomerate ThyssenKrupp aims to double its China sales to 2 billion euros (US$2.85 billion) in the next five years, its chief executive said Sunday. Full Story

VW might produce new Golf model in China

The China Post - Volkswagen might make China one of the production sites for its new Golf model due out next year, a leading manager at Europe's biggest carmaker was quoted as saying Saturday. Full Story

New Tokyo-Shanghai air route opens: officials

The China Post - Japanese and Chinese airlines began services between Tokyo's Haneda and Shanghai's Hongqiao airports Saturday, airport officials said. The new services marked the 35th anniversary of the normalization of bilateral diplomatic relations. Full Story

Foreign debt rises 1.5% to US$327.8 billion

The China Post - China's foreign debt rose 1.5 percent by June 30 from the end of 2006 to US$327.8 billion, the government said. Short-term debt climbed 0.7 percent to US$184.9 billion, the State Administration of Foreign Exchange said on its Web site Saturday. Full Story

BHP Billiton: China, India to boost commodity prices

The China Post - BHP Billiton Ltd., the world's largest mining company, said economic growth in China and India will support demand for commodities, keeping prices high. Full Story

Bain Capital units to buy 3Com for US$2.2 billion

The China Post - 3Com Corp., a maker of networking hardware and software, will be sold to affiliates of private equity firm Bain Capital Partners LLC for US$2.2 billion and taken private, 3Com said Friday. Full Story

Nations urge Myanmar to end crackdown

The China Post - Myanmar's main political and economic allies, China and Japan, joined other nations around the world in urging the country to use peaceful means to restore stability. The United States called on "all civilized nations" to press Myanmar's leaders to end their crackdown on demonstrators. Full Story

Wayne Wang wins best film award at San Sebastian festival

The China Post - Hong Kong director Wayne Wang won the best picture award at the 55th annual San Sebastian film festival in Spain on Saturday for his latest movie "A Thousand Years of Good Prayers". Full Story

Envoys hammer out details of North Korea's nuke disarmament

The China Post - Talks on ending North Korea's nuclear ambitions shifted focus Saturday to U.S. energy aid for the impoverished state as delegates considered a text of a proposed joint statement hopefully to be released Sunday. Full Story

China launches US$200 bil. investment fund

The China Post - China's government formally launched a company Saturday to invest US$200 billion (euro141 billion) from its vast foreign reserves, creating one of the world's richest investment funds at a time of rising scrutiny of such state-run entities. Full Story

China abandons search for bodies of 172 miners

The China Post - Officials have abandoned efforts to retrieve the bodies of 172 coal miners from a flooded mine in eastern China, family members said Saturday, deepening their anger at what they see as callous treatment by the government and mining company. Full Story