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Europe's banks find defenders

Business | Banking
2011-9-2

EUROPEAN bankers and politicians leapt to defend the region's banks yesterday, rejecting an International Monetary Fund estimate that they need 200 billion euros (US$290 billion) in new capital to reflect sovereign...

US acts to scuttle mobile phone takeover

Business | IT
2011-9-2

THE US government has taken court action to block AT&T's US$39 billion purchase of T-Mobile USA, claiming it will harm competition in the wireless market and lead to higher prices. The surprise move on Wednesday,...

S. Korean inflation at three-year high

Business | Economy
2011-9-2

SOUTH Korea's monthly inflation rate rose to its highest level in three years last month as price gains accelerated despite a series of interest rate rises and slowing economic growth. The country's Consumer...

Consumer fears hit Germany

Business | Economy
2011-9-2

WEAKER spending by consumers worried about Europe's debt crisis and the shutdown of eight nuclear plants were factors behind Germany's poor growth in the second quarter, the state statistics agency said yesterday. ...

Manufacturing in UK weakens

Business | Economy
2011-9-2

UK manufacturing activity shrank at its fastest pace in more than two years last month, hurt by a sharp drop in exports, data showed yesterday. The Markit/CIPS manufacturing PMI headline activity index fell to...

Mainland shoppers ease HK's woes

Business | Luxury goods
2011-9-2

QUEUING outside a Louis Vuitton shop in Hong Kong, Lin Shasha said she is visiting from Shenzhen to buy leather belts and handbags because the products are genuine and her yuan goes further. Lin, 30, is among the...

An industry at the crossroads

Feature | Film and TV
2011-9-2

FOR Hollywood, the Chinese film market presented a splendid box-office return this summer. And among the top five box-office hits of all time in China, three are from Hollywood: "Avatar" at US$182 million, "Transformers:...

Good Samaritan saved by video from charges

Opinion | Chinese perspectives
2011-9-2

HAD it not been for video cameras mounted atop the windshield, bus driver Yin Hongbin would have been just another of the many wronged good Samaritans. The ordinary driver of a coach in Nantong City, Jiangsu Province,...

Human ear on mouse a milestone in medicine

Opinion | Chinese perspectives
2011-9-2

THE dust has settled: Shanghai Jiao Tong University announced on August 26 that, contrary to earlier peer and media accusations, Dr Cao Yilin had not cheated in his experiments of growing human ears on the backs of...

'Disrespected' Carvalho walks out on Portugal

Sports | Soccer
2011-9-2

PORTUGAL defender Ricardo Carvalho retired from international football on Wednesday ahead of its Euro 2012 qualifier against Cyprus, with state news agency Lusa quoting him as saying he was "disrespected" before he...