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Asia Top News and Analysis China

  • Bet on Africa’s Retail, Not Its Resources: Fund Manager

    Investors who view Africa solely as a natural resources play are “missing the picture,” according to Robert Scharar, fund manager at the Commonwealth Africa Fund.

  • China’s New Leaders - Growth During Transition

    As the Party Congress begins, the momentum increases for structural reforms in China.

  • Vestas Cuts More Jobs as US Wind Power Struggles

    Shares in Danish wind turbine company Vestas fell as much as 11 percent in Wednesday morning trade after the company released disappointing third quarter earnings and announced further cost-cutting measures, including job cuts.

  • Americans have just voted on who will govern them for the next four years, now China is poised to usher in a new generation of leaders that will rule the world’s second largest economy for the next 10 years.

  • 10 People You Should Know in China

    While there is a lot of interest in China's new generation of leaders, who are expected to keep the Asian giant on the path of growth, there are also individuals who are working behind the scenes, broking deals and influencing decision making. We've put together a list of 10 most important people to know in China who are likely to have an impact on the country’s future. Our top 10 includes China’s elite who exert political influence, are economic leaders and well known social figures. Find out which Chinese politicians, heads of key organizations and businessmen and women you should watch out for.

  • Big Stimulus From China? Not Until Growth Drops Below 7%

    Official and private sector surveys on China’s manufacturing sector suggest the economy is finally perking up, boosting stocks in Shanghai almost 2 percent on Thursday. But exports, the main engine of growth, are still struggling and that means the Chinese recovery is not on solid ground yet, economists say.

  • Suzuki’s Small Cars Were Wrong Fit in US

    For all of Suzuki’s tough talk about its “brush-busting” Samurai off-roader, the Japanese automaker never made it big in the United States. Its cars were too small, its safety record iffy and its branding a bit too comical (Suzuki Sidekick, anyone?). The NYT reports.

  • CLEVELAND/ CHICAGO- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • *Q4 adjusted profit $1.11/ share beats by 6 cents. Nov 6- U.S. industrial conglomerate Emerson Electric Co reported a sharply lower quarterly net profit on Tuesday, reflecting a goodwill charge in its network power business, and said it expects earnings to grow by at least a single-digit percentage rate in fiscal 2013..

  • The Hong Kong dollar is the solution to China’s currency problem. Over the last few weeks the territory’s monetary authority has had to intervene in markets to stop the currency from rising against the U.S. dollar. Some HK$14.3 billion ($1.85 billion) has been spent to preserve the peg. In these times of economic uncertainty, the need for an investable hard currency is so intense that even our little Hong Kong dollar is seen by some as a safe haven.

  • *SNC Lavalin sees India designating site for Candu reactors. NEW DELHI, Nov 6- Canadian firms will be able to export uranium and nuclear reactors to India for the first time in almost four decades under an agreement between the two nations, their prime ministers said, but more work is needed to implement the deal.

  • OTTAWA, Nov 6- A top legislator in Canada's ruling Conservative Party on Tuesday made public his fierce opposition to a bid by China's CNOOC Ltd for Nexen Inc, underlining the political challenges facing Ottawa as it studies the takeover.

  • *SNC Lavalin sees India designating site for Candu reactors. NEW DELHI, Nov 6- Canadian firms will be able to export uranium and nuclear reactors to India for the first time in almost four decades under an agreement between the two nations, their prime ministers said, but more work is needed to implement the deal.

  • *L'Oreal Q3 sales up 4.6 pct. *L'Oreal CEO sees market unchanged in 2013 vs 2012. PARIS, Nov 6- L'Oreal's sales trends continued to worsen by the end of September for the third quarter running, particularly for its luxury and professional products, the world's biggest cosmetics group said on Tuesday.

  • In China, Spending on Industrial Projects Stirs Growing Resistance

    Local leaders were all smiles this summer at a groundbreaking ceremony for a vast copper smelting project that seemed like the answer to the chronic unemployment that has plagued this city in northern Sichuan ever since a devastating earthquake in 2008. The NYT reports.

  • WASHINGTON- President Barack Obama and Republican challenger Mitt Romney battled down to the wire on Tuesday, mounting a last-minute Election Day drive to get their supporters to the polls in a handful of states that will decide the winner in a neck-and-neck race for the White House.

  • *China spot copper demand still sluggish. LONDON, Nov 6- Copper rose slightly on Tuesday, recovering from a two-month low hit the previous session, as the lower price triggered new buying, but gains were capped by uncertainty ahead of the presidential election in the United States.

  • *Q3 revenue 18.8 bln euros vs 17.7 bln forecast. FRANKFURT, Nov 6- BMW, the world's largest premium carmaker, warned it was beginning to feel the pain of a sickly European market, overshadowing strong quarterly results and a forecast for record annual profit.

  • PARIS, Nov 6- Pernod Ricard plans to tap Africa's thirst for whisky, vodka and cognac at a time when China is slowing and bets the continent will become a key growth area for the French spirits group within 10 years.

  • SEOUL, Nov 6- General Motors Co said it would not build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift the assembly to Europe to help boost efficiency at its money-losing unit there. Rocha said the new model would be built in five regions, including Europe, the United States and China, according to Choi.