Tokyo

One country, one system. From the middle of next week, mainland Chinese companies listed in Hong Kong will be allowed to prepare financial statements according to Chinese accounting and auditing standards, rather than local or global norms.

Calypso Technology, a multi-asset-class trading and risk management software company, has purchased Codefarm, whose flagship Galapagos platform allows for the construction and management of collateralized debt obligation (CDO) portfolios. Terms of the deal, announced today, were not disclosed.

http://www.info.gov.hk/gia/general/200903/24/P200903240266.htm

CE's speech at luncheon of Credit Suisse "Asian Investment Conference" (English only) (1) (with photos/video)
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The world's fastest computer is so big, it needs a house the size of a hangar. The Earth Simulator in Yokohama, Japan is like a huge weathercaster, tracking sea temperatures, rainfall and crustal movement to predict natural disasters.

'Supercomputer' seems to be an understatement. The $350 million machine is more like a super duper computer -- it runs 35.6 trillion calculations per second. That's almost five times faster than its closest competitor and as fast as the top five U.S. supercomputers combined.

Commentary by William Pesek

Oct. 3 (Bloomberg) -- Few questions confound economists more: What might tip China into the meltdown that so many have feared for so many years?

Possibilities include overheating, social instability, corruption, pollution, debt crises, war over Taiwan and a post- Olympics growth swoon. It's a perfectly rational expectation. No rapidly industrializing nation has ever avoided some kind of crisis, least of all upstarts in Asia.