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November 2007
- China Spoils Holiday Reunion for US Sailors
  
  Reuters | Nov 22, 07 10:31 AM CST
  
  (Newser) - China put a damper on Thanksgiving for 8,000 US sailors and airmen, Reuters reports. Beijing denied permission for the USS Kitty Hawk and its support group to stop in Hong Kong, where hundreds of relatives had gathered for a holiday reunion. Beijing eventually relented, but it was too late—the ships were already on their way back to their Japanese base. More »
- Movie Imperils Copycats, Computers
  
  Reuters | Nov 20, 07 2:07 PM CST
  
  (Newser) - Doctors are warning fans of Ang Lee's new film, Lust, Caution, not to try to imitate the sexual positions featured in the movie, Reuters reports. The uncut version's extensive sex scenes moved one Chinese doctor to caution, "Only women with comparatively flexible bodies that have gymnastics or yoga experience are able to perform them." More »
- iPhone Ignites 'Love Craze' in China
  
  Wired | Nov 20, 07 7:45 AM CST
  
  (Newser) - The iPhone is not sold in China yet, but already black market iPhones—known as "Ai Feng" or "Love Craze"—have flooded in from Hong Kong. Wired News reports computer superstore shelves are full, and supplies so plentiful the black market price is plummeting. "It's like the whole country has gone iPhone," says one Chinese netizen. More »
- Trail of Hsu's Ambition Leads to Prison
  
  Wall Street Journal | Nov 12, 07 1:35 PM CST
  
  (Newser) - After several failed business schemes in the 1980s and 1990s, Norman Hsu went home to Hong Kong to recoup and plan an ego-boosting second try at the American fast lane. The Journal fills in the gaps in Hsu’s story, revealing the busted bundler as a capable manipulator obsessed with respect—and in thrall to Hillary Clinton. More »
- Asian Stocks Plunge on US Slowdown Worries
  
  New York Times | Nov 12, 07 7:02 AM CST
  
  (Newser) - Renewed anxiety over the US sub-prime crisis and Friday's Wall Street slump ignited a stock dump in Asian markets today, hammering the Japanese Topix index to a two-year low and sending the dollar’s value against the yen to its lowest point in 18 months. Hong Kong’s Hang Sang index in Hong Kong, was down 3.9%, and South Korea’s Kospi index fell 3.4%, the New York Times reports. More »
- Criminal Probe in Bay Oil Spill
  
  San Jose Mercury News | Nov 12, 07 6:09 AM CST
  
  (Newser) - A criminal probe into the oil spill off San Francisco was launched yesterday as federal investigators began to question the crew of the Hong Kong ship that hemorrhaged 58,000 gallons of fuel oil after crashing into the Bay Bridge last week. The Coast Guard contacted the US attorney's office after uncovering management and communication problems on board, according to an official who did not elaborate. More »
- Alibaba Nearly Triples Price After IPO
  
  MarketWatch | Nov 6, 07 7:33 AM CST
  
  (Newser) - Chinese business-to-business platform Alibaba held its IPO on the Hong Kong stock market today, nearly tripling in share price in first-day trading. The company raised $1.5 billion (US) by selling just 17% of its shares. "I think Alibaba's share price is way ahead of its fundamentals; I think the best advice is to get out as soon as possible," said one wary investor. More »
- PetroChina Becomes First Trillion-Dollar Company
  
  Bloomberg | Nov 5, 07 8:14 AM CST
  
  (Newser) - In its first day of trading, PetroChina Co. became the world’s most valuable company, hitting $1 trillion in market capitalization after shares nearly tripled to 43.96 yuan from an IPO of 16.7 yuan. It’s now worth more than the entire Russian stock market. Some analysts interpreted the valuation as “an indication of China coming of age,” Bloomberg reports. For others, it’s a sign of an unsustainable market bubble. More »
- Citigroup Worries Hit World Markets
  
  Reuters | Nov 5, 07 6:56 AM CST
  
  (Newser) - Asian and European stock indexes declined today, and US futures dropped sharply as news of Citigroup's projected $11 billion writedown triggered fears that the subprime mortgage crisis will continue to roil markets. Japan’s Nikkei stock index closed 1.5% down, a 7-week low, and Hong Kong's Hang Seng index fell 5.01%, AP reports. UK, German, and French indexes were all off in midday trading. More »
- Asian Markets Dive on US Fears
  
  Bloomberg | Nov 2, 07 5:44 AM CDT
  
  (Newser) - Stocks plummeted across Asia today, sustaining the biggest losses in more than two months after concerns that Citigroup might be short of cash rattled investors. Mitsubishi UFJ, the largest bank in Japan, dropped 6% as the Nikkei fell to 16,517.48, a 2.1% fall. Financial shares led the declines as Asian banks worry that subprime woes will continue to undermine earnings. More »
October 2007
- UK Provider Unveils Skype Mobile Phone
  
  BBC | Oct 29, 07 5:06 PM CDT
  
  (Newser) - British mobile phone provider "3" is unveiling a handset which lets users make free calls over the Net using Skype. The phone won't let you use Skype to make cheap calls to any phone number, like you could over the Internet, but still represents a new level of availability for the service. "Skype has now taken a giant step forward in the mobile arena," chief executive Michael van Swaaij tells the BBC. More »
- TJX Data Breach Exposed 94M Credit Cards
  
  Associated Press | Oct 24, 07 7:15 PM CDT
  
  (Newser) - Cyber thieves have pinched 94 million credit cards from a discount retailer—double the last estimate—and spent up to $83 million as far as Hong Kong and Sweden, the AP reports. Banks are now suing the retailer, TJX Cos., to recover their losses. But those losses keep growing: "You know, these [card numbers] are going to be sold off for a period of time in the future, so it's going to continue," says a Visa exec. More »
- China Clashes With Tibetan Monks in Wake of Dalai Award
  
  Guardian (UK) | Oct 23, 07 6:34 PM CDT
  
  (Newser) - Chinese security forces in Tibet have clashed with Buddhist monks celebrating the Dalai Lama's recent honor from the US, the Guardian reported. Police and soldiers in the capital Lhasa and in outlying areas cracked down on monasteries holding special services in honor of the Tibetan spiritual leader, according to Hong Kong media and Tibetan activist groups. More »
- Bear Stearns, China's Citic Trade $1B Stakes
  
  Bloomberg | Oct 22, 07 9:02 AM CDT
  
  (Newser) - In a welcome boost after this year's devastating subprime losses, Bear Stearns today moved to secure a long-coveted slice of the Chinese market. Stearns and China’s Citic Securities Co. agreed to invest $1 billion in each other, pooling their Asian resources to develop new products for the Chinese market, and launching a Hong Kong-based joint venture to reach markets outside China, Bloomberg reports. More »
- Web Biz Alibaba Launching Record IPO in China
  
  Wall Street Journal | Oct 22, 07 4:24 AM CDT
  
  (Newser) - Alibaba, the business-to-business service that links small and mid-sized Chinese manufacturers to customers around the world, is expected today to announce what will likely be the biggest Internet IPO in Chinese history. Analysts expect the world's most-visited import/export site to pull in an estimated $1.3 billion from Hong Kong investors, the Wall Street Journal reports. More »
- $7.9M Sale Smashes Record
  
  Reuters | Oct 8, 07 7:53 PM CDT
  
  (Newser) - A flawless gem has sold for $7.98 million in Hong Kong and broken the old per-carat sale record, Sotheby's announced today. London's Moussaieff Jewellers snapped up the 6.04 carat diamond at $1.32 million per carat, breaking the last record of $926,000 per carat, set in 1987 by the gem "Hancock Red's." Sotheby's diamond is small, Reuters reports, but has a valued cut and "fancy vivid blue" shade. More »
- 5 Flash Games to Ease You Into the Workweek
  
  GigaOm | Oct 8, 07 11:35 AM CDT
  
  (Newser) - Flash games aren’t just Tetris rip-offs anymore. Online freebies are more innovative and ambitious than ever, GigaOM says, and they include these five must-play distractions: Grow Cube: A quirky, imaginative puzzler that forces you to think ahead and rewards you with nice animations. Warbears: Lead a crack squad of bear commandos through harrowing missions in this puzzle game. More »
September 2007
- Net Anonymizer Unlocked, Emails Revealed
  
  Wired | Sep 10, 07 8:05 PM CDT
  
  (Newser) - A security expert turned net privacy service Tor into a listening post, and intercepted thousands of private emails, Wired reports. Human rights groups and foreign embassies alike depend on Tor to send what were thought to be untraceable messages. Dan Egerstad hosted his own Tor node, letting him read all correspondence that passed through. More »
- Hsu's Life Spent on the Run
  
  Wall Street Journal | Sep 8, 07 10:52 AM CDT
  
  (Newser) - Fallen and fugitive, Norman Hsu was disowned last week by the very Democrats who thrived on his mysterious largess when details of a 1992 grand theft charge emerged. But the Journal reports that charge wasn't unique to a man whose past is filled with bankruptcies, sketchy investments, a string of bogus addresses, and even a good old-fashioned kidnapping. More »
August 2007
- Asian Markets Soar After Fed's Rate Cut
  
  Bloomberg | Aug 20, 07 1:00 AM CDT
  
  (Newser) - The global equities sell-off ground to a halt today as Asian stocks had their biggest gains in five years. Responding to Friday’s cut in the US Federal Reserve’s discount rate, Japan’s Nikkei 225, Hong Kong's Hang Seng and South Korea's Kospi indexes all saw huge gains as panic over the US subprime mortgage crisis largely subsided. More »