HK stocks edge lower as banks weigh; China retreats

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• China Yuan Rises Late On Expectations Over Tightening

  Wall Street Journal | SHANGHAI (Dow Jones)--China's yuan rose late Friday to its highest level against the US dollar this year due to speculation China could tighten its monetary policy or allow the yuan to appreciate soon after the annual meetings of the legislature ...

• China Warns Google

  Wall Street Journal | BEIJING—A Chinese minister made the government's strongest statement yet on Google Inc.'s future in the country, warning that the US Internet company "will have to bear the consequences" if its follows through on its pledge ...

• SAfrica says can't meet power needs without loan

  Reuters | PRETORIA, March 12 (Reuters) - South Africa will be unable to meet its power supply requirements if its application for a $3.75 billion loan from the World Bank is not approved, Energy Minister Dipuo Peters said on Friday. South Africa's state-owned ...

• Target appoints Wells Fargo chief to board

  BusinessWeek | Discount chain Target Corp. said Thursday it named John Stumpf, chairman, president and CEO of banking company Wells Fargo & Co., to its board, effective immediately. Stumpf has been a Wells Fargo executive for 28 years. He replaces George Tamke, ...

• Fox mulling "Avatar" summer re-release

  Reuters | Actress Sigourney Weaver from ''Avatar'' and her husband Jim Simpson arrive at the 82nd Academy Awards in Hollywood March 7, 2010. LOS ANGELES (Hollywood Reporter) - Get ready for "Avatar"-plus. James Cameron and Fox are in discussions about ...

• Microsoft's Xbox Sales Beat Wii, PS3 in February on 'BioShock'

  BusinessWeek | March 12 (Bloomberg) -- Microsoft Corp.'s Xbox 360 beat Nintendo Co.'s Wii and Sony Corp.'s PlayStation 3 last month to become the best-selling video-game console in the US for the first time in more than two years, ...

• Citi Says It Is Poised for Sustained Profits

  Wall Street Journal | NEW YORK—The sell-down of unwanted assets by Citigroup Inc. may not impose a drag on profits, Citigroup executives indicated yesterday, fueling a further run-up of the banking giant's stock. In a presentation to money managers at a ...