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China News

• Asian Stocks Decline; Developers Drop as Shanghai Maintains Property Curbs

  Updated 21 minutes ago

  Asian stocks declined as sales of previously owned homes in the U.S. trailed estimates and Shanghai pledged to keep property-market controls in place amid forecasts of slower growth in China.

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  Gillard Calls Leadership Vote After Rudd Resigns

  Updated 15 minutes ago

  Australian Prime Minister Julia Gillard called a leadership ballot for Feb. 27, setting up a second showdown with her predecessor Kevin Rudd as weeks of escalating tension damage the Labor government.

• U.S. to Raise Nuclear Issue in First North Korean Talks Since Kim’s Death

  Updated 22 minutes ago

  The U.S. is “cautiously optimistic” about talks in Beijing today with North Korea, the first such meeting since Kim Jong Il died in December and his son inherited leadership of the isolated, nuclear-armed country.

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  Henry Tang Should Quit H.K. Race: Poll

  Updated 15 minutes ago

  Henry Tang, facing a public outcry over a basement built illegally, should quit the race to be Hong Kong’s next leader, according to two-thirds of respondents in a South China Morning Post poll.

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  Portman Taps Investors From Hong Kong Base to Fund Asia-Pacific Projects

  Updated 21 minutes ago

  Portman Holdings Ltd., an Atlanta- based developer expanding in the Asia-Pacific region, plans to use its recently set up Hong Kong operation to tap international investors to fund property projects.

• Iran’s Snub Dims Prospects for Nuclear Accord

  Updated 1 hour, 1 minute ago

  Iran’s refusal to let United Nations experts investigate allegations of illicit nuclear activities at a military base doesn’t inspire confidence for a return to negotiations with the international community, U.S. officials and nuclear-proliferation specialists said.

• Wynn Resorts, Okada Hearing On Document Request Postponed to March 8

  Updated 1 hour, 40 minutes ago

  Lawyers for Wynn Resorts Ltd. and Kazuo Okada, the director whose 20 percent stake in the casino operator was redeemed by Wynn, won’t be in court tomorrow for a hearing on Osaka’s request for documents.

• Bank of America to Speed Growth in China After Doubling P

  Updated 2 hours, 6 minutes ago

  Bank of America Corp., the second- biggest U.S. lender, will accelerate its expansion in China after doubling profit and boosting its workforce in the world’s fastest-growing major economy last year.

• Siemens Plans ‘Massive’ Wind-Energy Investment on China

  Updated 1 hour, 7 minutes ago

  Siemens AG, the world’s largest maker of offshore wind turbines, said it underestimated the pace of growth in the Chinese wind market and will ramp up spending to catch up as local competitors increase their lead.

• Shell Bid Starts Race for African Gas Fields Bigger Than Norway’s: Energy

  Updated 16 minutes ago

  Royal Dutch Shell Plc’s $1.6 billion bid for Cove Energy Plc starts a race to develop natural-gas fields off Mozambique’s Indian Ocean coast that may hold more gas than Norway’s entire reserves.

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