Total eclipse envelops Asia in darkness

Darkness fell across parts of China and India on Wednesday morning as a total solar eclipse passed across the world’s most populous countries, bringing throngs of people outside to watch the phenomenon. Total eclipses occur about twice a year as the moon passes between the Earth and the sun on the same plane as Earth’s orbit

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China cites ‘conclusive evidence’ in Rio Tinto case

China has "conclusive evidence" that four employees of the world’s second-largest mining company were stealing Chinese state secrets, the country’s foreign ministry said. Four employees of Rio Tinto — one Australian and three Chinese — have been arrested on suspicion of espionage and stealing state secrets. Australian Stern Hu is the general manager of Rio Tinto’s Shanghai office, where all the employees work.

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China arrests Rio Tinto staff on spy charges

Four employees of the Shanghai office of Australia’s Rio Tinto, the world’s second-largest mining company, have been arrested over allegedly stealing China’s state secrets, the Shanghai state security authority said Thursday, according to Xinhua. An Australian, identified by the Australian government as Stern Hu, had been held along with three Chinese co-workers since Sunday, Foreign Minister Stephen Smith said

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Yao Ming foot injury could ‘end career’

Tom Clanton, the team physician for the Houston Rockets basketball team has said the foot injury currently sidelining Chinese center Yao Ming could threaten the seven-foot-six-inch player’s career. “At this point, the injury has the potential for him missing this next season and could be career-threatening,” Clanton told the Houston Chronicle regional newspaper.

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China eases restrictions on flotations

One of the world’s hottest spots for raising capital is back in business. Ten months after halting initial public offerings, or flotations, on Chinese bourses, the government has cleared the way for Guilin Sanjin Pharmaceutical, a maker of traditional Chinese medicines, to list on the Shenzhen exchange. The company plans to raise $133 million with the IPO, which offered subscriptions to retail investors Monday

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The Other GM

At last month’s glitzy Shanghai auto show, held in the only significant car market in the world that’s still growing, Nick Reilly, the president of GM Asia-Pacific, knew the question would come. Still, he winced a bit when a Chinese journalist asked him what would happen to Detroit’s fallen giant if it was forced by the U.S. government to declare bankruptcy

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