China factory sector jolts by shrinking in January


BEIJING - China's factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown.

China's Tibet to reward tips on 'terror attacks' 01 Feb 2015

BEIJING - Authorities in China's Tibet will offer rewards up to 300,000 yuan ($48,000) for tips on "violent terror attacks", state media reported, in an effort to "promote stability" in the region beset by ethnic tensions.


South Korea Jan exports down less than forecast, but Europe hurts 01 Feb 2015

SEOUL - South Korea's exports in January fell less than expected, but effects from a plunge in oil prices, a sustained slump in Europe and slowdown in China all clouded prospects for a turnaround in global demand.


Head of China Minsheng Bank resigns after reports he faces corruption investigation 31 Jan 2015

BEIJING - China Minsheng Banking Corp said on Saturday that its president Mao Xiaofeng had resigned for personal reasons, hours after several Chinese media outlets reported he was being investigated by China’s anti-corruption watchdog.

China expels top police official from Communist Party 30 Jan 2015

BEIJING - A top police official under investigation for corruption has been expelled from China's ruling Communist Party, the country's top anti-graft body said on Friday.

China Minsheng Investment eyes Southeast Asia with $1.5 billion 30 Jan 2015

BEIJING - State-backed China Minsheng Investment Co Ltd (CMI) plans to open a unit in Singapore with capital of $1.5 billion(0.99 billion pounds), and offices in London and North America with a similar sum, in line with a government push for companies to do more business abroad.

China regulator to punish five fund firms in insider-trading cases 30 Jan 2015

BEIJING - China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers.

U.S. would welcome Japan air patrols in South China Sea 30 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.


China overtakes U.S. as world's top investment magnet - U.N. 29 Jan 2015

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.

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