China overtakes U.S. as world's top investment magnet - U.N.


GENEVA - China overtook the flagging United States to become the top destination for foreign direct investment (FDI) last year, according to the United Nations economic thinktank UNCTAD.

Philippines, Vietnam upgrade ties in show of unity against China 29 Jan 2015

MANILA - The Philippines and Vietnam are forging closer ties in a symbolic move after China stepped up activities in disputed areas of the South China Sea, raising tension in the potential flashpoint.

U.S. would welcome Japan air patrols in South China Sea 29 Jan 2015

TOKYO - The United States would welcome a Japanese extension of air patrols into the South China Sea as a counterweight to a growing fleet of Chinese vessels pushing China's territorial claims in the region, a senior U.S. Navy officer told Reuters.


Apple takes top gifting spot in China - report 29 Jan 2015

SHANGHAI - Apple Inc has taken the number one luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report on Thursday, reflecting the iPhone maker's recent hot streak in the country.


China January official PMI seen lifting off 1-1/2-year low 29 Jan 2015

BEIJING - China's factory growth likely inched up from a 1-1/2-year low in January, helped by a slight pick-up in momentum the previous month, but the bounce is not expected to last due to unsteady exports and slowing investment, a Reuters poll showed.

China to widen anti-graft inspections of armed forces 29 Jan 2015

BEIJING - China's powerful Central Military Commission will widen anti-graft inspections of the country's armed forces, the Defence Ministry said on Thursday, as part of Beijing's sweeping campaign to weed out corruption.

Shanghai, Hong Kong shares fall as China launches new probe into margin trading 29 Jan 2015

SHANGHAI - China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.


Pentagon official urges NATO to focus on innovative weapons 29 Jan 2015

WASHINGTON - U.S. Deputy Defense Secretary Robert Work on Wednesday urged NATO allies to develop and make more innovative weapons, and said bold action was needed to stay ahead of rapid weapons development by China, Russia and other countries.


China regulator blasts Alibaba for illegal business on its websites 28 Jan 2015

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 companies.


Apple iPhone sales trample expectations as profit sets global record 28 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. | Video

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