The United States is considering partnering with China on improving electricity in Africa and the proposal could be part of bilateral discussions when President Barack Obama visits Beijing next week, two sources involved told Reuters.
Asia/Pacific
India's grounded Kingfisher Airlines faces trading suspension from December 1
India's two main stock exchanges will suspend trading of shares of grounded Kingfisher Airlines Ltd (KING.NS) from Dec. 1 for failing to comply with rules on reporting financial results, the bourses said in separate notices.
China president says risks to economy 'not that scary'
The risks faced by China's economy are not that scary and the government is confident it can head off the dangers, President Xi Jinping told global business leaders on Sunday to dispel worries about the world's second-largest economy.
Wal-Mart to focus on food safety in China: Asia chief
Wal-Mart Stores Inc (WMT.N) is focusing on food safety as the world's largest retailer aims to boost profitability of its more than 400 stores in China, Wal-Mart Asia chief executive Scott Price told Reuters.
China expresses surprise at Mexico's scrapping of rail deal
China expressed surprise on Sunday at Mexico's decision to revoke a $3.75 billion high-speed rail contract from a China-led consortium, saying the Chinese company involved had strictly followed the bidding procedure.
Latest News
Japan's Economy Minister Akira Amari said on Saturday he saw progress in Asia-Pacific regional trade negotiations, although it would be difficult to reach an agreement by the end of the year, according to Jiji press.
Australia said on Saturday it was pleased with progress on a long-planned free trade agreement with China and that it would be happy to conclude it by next week when Chinese President Xi Jinping visits.
China's Momo Inc, a mobile-based social networking platform, filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of its American Depositary Shares (ADS).
Indonesian businessman Samin Tan is in talks to sell assets including all or part of his stake in Asia Resource Minerals (ARMS) to help repay Standard Chartered and Raiffeisen close to $1 billion.
Alibaba Group Holding Ltd's Executive Chairman Jack Ma said on Friday the e-commerce giant's deliveries in the annual Nov. 11 'Singles' Day' shopping event could be affected by next week's Asia Pacific Economic Cooperation (APEC) summit in Beijing.
Next week the RBNZ is going to release its financial stability report and on Tuesday Governor Graeme Wheeler is scheduled to speak. BOE quarterly inflation report & US unemployment claims, retail sales and consumer sentiment are to be released in the upcoming week.
Japanese cabinet ministers expressed concern about the yen's rapid fall, suggesting that the government may be trying to ward off any criticism that it is intentionally devaluing its currency to boost exporters' competitiveness.
A sudden swell in China's exports of gold and jewelry may signal a resurgence of speculative currency inflows through inflated trade receipts, raising the prospect the central bank could again act to weaken the yuan and punish speculators.
Infosys Ltd said it plans to hire over 2,100 people in the United States as the company works toward scaling up its global presence and boost key work areas like client relationship management and consulting.
