Asia Beat
BEIJING (Dow Jones)--China's production and consumption of electricity fell sharply in April, providing further evidence that the nation's economy may be in for a harder landing than previously anticipated, analysts said.
HONG KONG (Dow Jones)--Asian markets fell Wednesday after Greece failed to form a coalition government and concern grew over the health of its banks, with Hong Kong's Hang Seng Index leading the region's fall with a 2.7% drop.
WASHINGTON (Kyodo)--U.S. President Barack Obama will skip a summit meeting of the Asia-Pacific Economic Cooperation forum to be held in Vladivostok, Russia in September, White House Press Secretary Jay Carney indicated Monday.
TOKYO (Nikkei)--The three-way meeting of the leaders of Japan, China and South Korea held in Beijing on Sunday and Monday did as much or more to underscore differences among the three regional powers on key issues as to affirm their common interests.
China's powerful chief of domestic security has relinquished day-to-day control of the country's police, courts and spy networks in the wake of the most serious political scandal to hit the country in decades, according to senior Communist party members.
