China

Iran expects next payment under nuclear deal, confirming compliance

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VIENNA - Iran expects to get a fifth instalment this week of previously blocked overseas funds, a senior official was quoted as saying, a payment that would confirm Iranian compliance with a landmark deal with world powers to curb its nuclear programme.

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Burberry revenue jumps, sees profits hit by strong pound 10:52am BST

LONDON - British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.

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China shadow looms large over bid to scrap Tiananmen crackdown museum in Hong Kong 10:32am BST

HONG KONG - A planned museum dedicated to the brutal crackdown on China's Tiananmen Square pro-democracy protests has run into a legal challenge in Hong Kong that some say is motivated by pro-China interests ahead of the 25th anniversary of the bloodshed.

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China denies U.S. warning of undervalued currency 9:21am BST

BEIJING/WASHINGTON - China rejected on Wednesday a warning from the Obama administration that its currency was too weak, urging the United States to recognise that China aims to "perfect and regulate" the exchange rate system.

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Global shares up on China relief, Ukraine strains remain 9:09am BST

LONDON - Share markets made broad gains on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.

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Small is beautiful for Coca-Cola as volumes soar in China 8:10am BST

- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.

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China economic growth slows to 18-month low in first-quarter 7:28am BST

BEIJING - China's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity. | Video

Danone first-quarter baby food sales fall less than expected 7:18am BST

PARIS - Danone , which is aiming to rebuild its position in China after an infant formula product recall in Asia last year, said first-quarter sales fell 7.7 percent at its high-margin baby food division, less than analysts had expected.

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China stresses need for stability at first meeting of new security council 4:42am BST

BEIJING - Chinese President Xi Jinping held the first meeting of a new national security commission on Tuesday, saying China needed a coordinated approach to domestic and foreign challenges, including social unrest, in "the most complex time in history".

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China blames France's Veolia for supervision flaws in tap water pollution case 4:23am BST

BEIJING - China has blamed French utility Veolia Environnement for "supervision problems" in its water quality standards after authorities said a cancer-inducing chemical had been found in tap water supplied by the firm at 20 times above national safety levels, state media said on Wednesday.

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