CHINA

Nippon Steel Corp <5401.T>, Japan's top steelmaker, forecast profits to rise this year as a slow global economic rebound bolsters demand, outperforming smaller rival JFE Holdings Inc <5411.T> which expects earnings to dwindle on tough competition in Asia's export markets.

When 21-year-old Zhang, an average student in college, got set for the Graduate Record Exam in Beijing this year, she felt so unprepared that she skipped the exam entirely.

Nissan Motor Co <7201.T> reported a smaller-than-expected 10.4 percent decline in quarterly operating profit on Wednesday as it recovered swiftly from a parts shortage that hammered the industry after the March 11 earthquake.

Nissan Motor Co <7201.T> reported a 10 percent fall in quarterly operating profit on Wednesday as a shortage of parts after the March 11 earthquake peaked during the quarter and slashed vehicle production.

German car and truck maker Daimler's second quarter revenues fell short of expectations, indicating that demand for cars in emerging markets may be starting to cool.

China should gradually make real bank deposit rates positive and continue to use open market operations and bank reserve requirements to slow money supply, an academic adviser to the People's Bank of China said in comments published on Wednesday.

Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.

Two fake Apple Stores have been shut down by the Chinese government because they have no business license to run and not because of piracy or copyright concerns.

Stocks were near flat on Tuesday as ongoing concern about a stalemate in the U.S. debt talks offset healthy earnings from corporations.

Michael Phelps shook off a rusty 150 meters to storm home in the final lap and qualify for the men's 200 meters butterfly semi-finals at the world swimming championships on Tuesday.

Los Angeles Lakers All-Star guard Kobe Bryant's representatives will meet with officials of Turkish club Besiktas next week to discuss the possibility of him playing in Turkey during the National Basketball Association (NBA) lockout.

The most recent fake store in Kunming, China was stumbled upon by a 27-year-old American blogger living in the city, the capital of China's mountainous southwestern Yunnan province, complete with the white Apple logo, wooden tables and cheery staff claiming they work for the iPhone maker, while the Chinese government has launched an investigation into fake Apple stores that have popped up around the southwestern city of Kunming.

China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway operations and apologised for the accident which killed 39 people, state media reported on Tuesday.

As industry observers point to a September release date for the iPhone 5, surprising analysis shows that the previous iPhone is still selling strongly on U.S. carriers.

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.

Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.

China?s State Oceanic Administration said that the Jiaolong submarine, 8.2 meters long, weighing 22 tons and carrying a three-man crew, reached a depth of 5,057 meters (about 16,500 feet) Tuesday morning, spending over six hours underwater.

The European Union defines High speed trains, also called Bullet trains for their appearance, with a speed limit of up to 250 kilometers per hour; while in the United States, Federal Railroad Administration identifies speed above 177 kilometers per hour for high speed trains.

Social games maker Zynga is partnering with Tencent Holdings Ltd, the Chinese Internet company, to launch its first game in mainland China as it tries to find new users by tapping into the $5.8 billion Chinese games market.

The head of the World Trade Organization castigated its 153 members on Tuesday for failing to agree a watered-down global trade deal by December, and called for an adult conversation over what to do next.

A massive bloom of algae has spread to a size of almost 20,000 square kilometers in the waters off of China?s eastern coast, according to a report by the country?s state-controlled Xinhua news agency.