GO WEST: An acquisition in Europe would fit with chief executive William Amelio's strategy to expand beyond China and increase sales directly to consumers worldwide
Lenovo Group Ltd (聯想), the world's third-biggest maker of personal computers, is in talks to buy control of Europe's Packard Bell BV, stepping up the Chinese company's efforts to expand outside of Asia.

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The Federal Reserve on Tuesday kept US interest rates unchanged at 5.25 percent but it acknowledged concerns about tightening credit and a persistent housing market slump dogging the US economy.

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Mattel Inc identified the Chinese vendor that made nearly 1 million Fisher-Price toys that were recalled last week because they may contain lead.

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PRICES PRESSURE: June figures showed inflation running at 2.75 percent, near the top of the central bank's target of between 2 percent and 3 percent
Australia's central bank hiked interest rates 0.25 points to a decade-high 6.5 percent yesterday in an unprecedented pre-election move that the government admitted creates a political headache.

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Shares in the first Chinese company to list on the Tokyo Stock Exchange's main section got off to a flying start yesterday, boosting the bourse's hopes of attracting more foreign firms.

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■ GAMING
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