Brazil’s main stock index fell by a full percentage point on Monday, the first day’s trading since China raised interest rates on December 25. The Ibovespa was dragged down by Vale, the world’s biggest iron ore producer, heavily dependent on Chinese demand – though the damage was limited by a strong performance from Petrobras, the national oil company. Continue reading »

Russian stocks fell on Monday, following China’s decision to raise interest rates. Data released earlier in the day showed Russia’s manufacturing industry is expanding at its fastest rate since March 2008. The Purchasing Managers’ Index, produced by HSBC and Markit Economics, registered 53.5 in December, where scores above 50 represents expansion. Continue reading »

* Khodorkovsky found guilty on both charges

* India’s space programme suffers set-back

* China says it can subdue prices

* Carlyle to stay in Patni bidding after Advent leaves

* Hon Hai ‘to invest $1.2bn in Hitachi Displays’ Continue reading »

Chinese stocks fell nearly 2 per cent on Monday, after Saturday’s interest rate rise raised concerns of further tightening. The Shanghai Composite had gained earlier in the day, with analysts suggesting that lower liquidity had already been priced into the stocks, and that efforts to tackle inflation were welcome. Other Asian stock indices were broadly positive. Continue reading »

* India’s space programme suffers set back

* China says it can subdue prices

* Carlyle to stay in Patni bidding after Advent leaves

* Airlines seek to show Chinese travelers the high life

* Food becomes a hot issue in China Continue reading »