China

Apple iPhone sales trample expectations as profit sets global record

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- Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. | Video

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Exclusive - China plans to set 2015 growth target at 'around 7 percent': sources 1:04pm GMT

BEIJING - China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.

China says to throw its weight behind firms expanding overseas 1:04pm GMT

BEIJING - China is rolling out a series of measures to aid overseas expansion by firms across industries, especially nuclear power and railways, the cabinet said on Wednesday.

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Wanted - Asia-focused banker for StanChart's top spot 10:40am GMT

HONG KONG - Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters.

China's oil demand to grow three percent in 2015 - CNPC research 9:51am GMT

BEIJING - China's implied oil demand will grow 3 percent this year versus last year, the country's top energy group forecast, little changed from the pace of growth in 2014 as calculated by Reuters.

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China regulator blasts Alibaba for illegal business on its websites 9:50am GMT

SHANGHAI - A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms.

China stock regulators intensify scrutiny of insider share sales - China Securities Journal 2:13am GMT

SHANGHAI - Chinese securities regulators are intensifying their scrutiny of share sales by insiders at listed companies, state media reported, as Beijing tightens its grip on a stock market rally which some fear is being twisted by market manipulation.

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South Korea, China warn Japan not to backtrack on apology over wartime past 1:28am GMT

(This story corrects the name of the former premier Koizumi in the eighth paragraph)

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Yahoo sets Alibaba stake spinoff plan, shares jump 1:14am GMT

SAN FRANCISCO - Yahoo Inc plans to spin off its 15 percent stake in China's Alibaba Group Holding Ltd , responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion (26 billion).

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Apple iPhone sales trample expectations as profit sets global record 27 Jan 2015

- Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.

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