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  • Correction: China-Military Budget story Friday, 6 Mar 2015 | 10:12 PM ET

    BEIJING— In a story March 5 about China's military budget, The Associated Press incorrectly quoted Adam Liff, assistant professor at Indiana University's School of Global and International Studies. China defense spending to grow 10.1 percent in 2015. BEIJING— China said Thursday it will boost defense spending by 10.1 percent, a smaller rise than last year but...

  • LONDON, March 6- Drugmaker GlaxoSmithKline, which was fined 3 billion yuan in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday. We also engaged an independent legal firm and external consultancies to review our operations in China, "GSK said. The company's annual report,...

  • LOS ANGELES— If you haven't seen one of Peter Max's paintings or drawings today, chances are you haven't opened your eyes yet. When he's not doing that, this exuberant, seemingly tireless 77- year-old child of the' 60 s keeps busy in his New York studio, cranking out more wildly colorful paintings in a style merging the realism of Norman Rockwell with the pop-art...

  • BEIJING, March 6- China will reduce coal consumption and boost energy efficiency as part of efforts to lessen air pollution, according to an action plan released by the government on Friday. The coal-dominated energy mix in China has been identified as a major cause of the hazardous smog that frequently shrouds cities such as Beijing and Shanghai as well as a...

  • COLOMBO, March 5- Sri Lanka suspended a $1.5 billion Chinese luxury real estate project in Colombo on Thursday until it obtains required government approvals, a move that risks a diplomatic row with its biggest foreign investor. China's Foreign Ministry said Sri Lanka had informed China of its decision, "stressing that the move was a suspension and not...

  • Sri Lanka suspends work on China-backed resort Friday, 6 Mar 2015 | 4:11 AM ET

    BEIJING— Sri Lanka has informed Beijing it is suspending work on a $1.5 billion Chinese-backed resort as part of a reevaluation of recent foreign investments, China's Foreign Ministry said Friday. The project was inaugurated in September on an artificial island near the capital Colombo during Chinese President Xi Jinping's visit to Sri Lanka.

  • *China keeping an eye on heavily-indebted local governments. BEIJING, March 6- China will pursue an expansionary fiscal policy this year to prevent its economy from stalling, Finance Minister Lou Jiwei said on Friday as he assured investors that authorities are keeping an eye on heavily-indebted local governments. China had announced on Thursday a planned...

  • March 6- Hong Kong shares edged lower on Friday in the wake of sobering comments top officials made to the National People's Congress on the economic outlook. For the week, Hong Kong's Hang Seng Index was down 2.7 percent, largely in line with mainland bourses. "Hong Kong investors are focusing on the China plate recently," said Castor Pang, head of research at Core...

  • SHANGHAI, March 6- China stocks fell on Friday as investors digested comments by top officials that highlighted growth and debt challenges the country faces this year. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.5 percent on Friday, to 3,478.52, while the Shanghai Composite Index lost 0.2 percent, to 3,241.19 points.

  • Aided by foreign technology acquired during three decades of development, China has the highest number of reactors being built and ambitions to export its home-grown models to an overseas market worth hundreds of billions of dollars. And in a sign of progress on exporting its own nuclear technology, China signed a preliminary agreement last month to sell its...

  • SHANGHAI/ HONG KONG, March 6- An industrial city in eastern China has closed several factories, including many steel and nickel pig iron producers, in an apparent sign the government is stepping up enforcement of a new environmental law in the face of growing public discontent over pollution. China's vast and energy-intensive steel sector is at the heart of the...

  • SHANGHAI, March 6- China stocks were mixed on Friday morning, as investors appeared uninspired by the economic outlook presented at the country's annual parliamentary meeting, where the premier called slower growth the "new normal". "The central bank needs more monetary easing measures to spur growth," said Liu Haiying, chief economist at Shanghai- based hedge...

  • The commission will review the 150- page platform for action to achieve equality that was adopted at the groundbreaking U.N. women's conference in Beijing in 1995. Then-U.S. first lady Hillary Clinton inspired delegates and women worldwide when she declared in a keynote speech: "Human rights are women's rights and women's rights are human rights."

  • BEIJING, March 6- China must implement an expansionary fiscal policy this year to help prevent a sharp slowdown in the economy, Finance Minister Lou Jiwei said on Friday. China's economy faces pressures from a weak global recovery and domestic constraints, including the need to cut debt levels gradually, Lou told a news conference during the annual meeting of...

  • Economists, stop blaming the weather: Pro  Thursday, 5 Mar 2015 | 9:15 PM ET

    Gina Sanchez, chairwoman & founder of Chantico Global, disputes the belief of bad weather impacting jobs creation in the U.S. and says February's report is unlikely to see wage growth.

  • SYDNEY, Jan 7- The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept most equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan up a...

  • Dalian Wanda: 2015 will see better quality growth  Thursday, 5 Mar 2015 | 8:17 PM ET

    While the company will likely see slower growth this year as China's economy cools, the quality of growth will be better, says Wang Jianlin, chairman of Dalian Wanda Group.

  • Stephen Roach, senior fellow at Yale University, says China's new growth target of "about 7 percent" shows that it is moving away from the old practice of central planning.

  • Cramer—Holy Netflix! Cult stocks making a comeback Thursday, 5 Mar 2015 | 6:35 PM ET
    Jeff Bezos, CEO of Amazon Inc.

    As much as Jim Cramer finds these sexy stocks hard to value, it looks like the cults are making a comeback.

  • *Brent oil ends weaker amid lack of Iran nuclear deal. NEW YORK, March 5- The euro fell to an 11-1/ 2- year low against the dollar on Thursday as U.S. and euro zone bond prices rose, after the European Central Bank spelled out its 1 trillion-euro stimulus plan that begins next Monday. We'll see a lot of benefits on the cost side for producers, " Xavier Smith, portfolio manager...