News

China Goes Bargain Hunting For AIG Unit (Forbes)
A big sale may be in the works, as sovereign wealth fund China Investment Corp. eyes AIG's Alico insurance arm.

China Investment Fund Leads Talks for A.I.G. Unit, Report Says (New York Times)
A consortium led by the China Investment Corporation is in talks to buy a stake of up to 49 percent in the American Life Insurance Company, a unit of U.S. insurance company American International Group , the Nikkei financial daily reported.

HK stocks rise on talks of China rate cut (AP via Yahoo! News)
Hong Kong stocks advanced Friday, breaking a four-day losing streak, on bargain-hunting and speculation that China will cut interest rates over the weekend.

China vows not to compromise with Tibetan exiles (AP via Yahoo! News)
China launched a new verbal attack on the Dalai Lama's drive for Tibetan autonomy on Friday, vowing not to compromise with leaders of the Tibetan exile community meeting to debate the future of their movement.

US financial lobby urges open markets for China (AP via Yahoo! News)
Members of a U.S. financial industry group visiting China this week to push for more open capital markets said they found officials here alarmed by the credit crisis, but eager to work together to resolve problems.

China says quake school toll over 19,000 (Reuters via Yahoo! News)
Schools that collapsed during China's May 12 earthquake killed more than 19,000 people, nearly a quarter of the total deaths, an official said on Friday, giving the first government estimate of the sensitive figure.

Dell sees China sales down (Reuters via Yahoo! News)
Dell Inc's sales in China slowed last quarter, but Beijing's economic stimulus measures are likely to boost technology spending, the world's No. 2 personal computer maker said on Friday.

China says 19,000 students died in May earthquake (AP via Yahoo! News)
More than 19,000 schoolchildren died in a massive earthquake that struck Sichuan province in May, China acknowledged Friday for the first time.

China in talks to buy stake in AIG unit: report (AFP via Yahoo! News)
A consortium led by China's sovereign wealth fund is in talks with struggling US insurance giant American International Group to acquire a stake in one of its units, according to a Japanese daily.

China says 19,000 students died in May earthquake (AP via Yahoo! News)
China acknowledged Friday for the first time that more than 19,000 schoolchildren were among the dead in the massive earthquake that struck Sichuan province in May.