CHINA

China is in the midst of a housing bubble, and the government has initiated policies to try and slow growth of second and third home buying. But many couples are getting around the new policies by faking divorce, so they can borrow more money.

Chinese couples are faking divorce so they can get borrow money to buy second and third homes. Here are five reasons China's economic bubble is sure to burst.

Asian airline Cathay Pacific has delayed an ad campaign after a sex photo scandal rocked the company.

Apple?s sales in China have surpassed those of China?s biggest computer maker, Lenovo, which is also the third largest PC vendor in the world.

Venezuela will nationalize its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said Wednesday in a combative step ahead of his re-election.

Gold demand fell in the second quarter but is still expected to rise in the full year as Asian buyers add to holdings and interest in the metal as a haven is stoked by worries over U.S. and euro zone debt, the World Gold Council said on Thursday.

A former Chinese official's manifesto for a new burst of reform mixing Mao, markets and guarded political relaxation has opened a rare window into ideas shaping the country's next generation of princeling leaders.

China Mobile Ltd, the world's biggest mobile operator, has met with Apple Inc Chief Executive Steve Jobs several times on introducing an iPhone based on its network standard.

China Mobile logged its fastest half-yearly profit growth in nearly three years and said it hopes to soon launch Apple's popular iPhones to accelerate uptake of high-end 3G services.

Coca-Cola , the world's largest soft drinks producer said on Thursday it will invest $4 billion more in China over the next three years starting from 2012.

Stock index futures pointed to a sharply lower open on Wall Street on Thursday, with futures for the S&P 500 down 2 percent, Dow Jones futures down 1.5 percent and Nasdaq 100 futures down 2.2 percent at 5:17 a.m. EDT.

Syrian President Bashar al-Assad has told U.N. Secretary-General Ban Ki-moon that attacks on pro-democracy protesters have stopped, but activists reported more bloodshed overnight.

German carmaker Volkswagen expects to maintain strong growth in the face of an economic slowdown, the head of the company's works council said.

China Mobile logged its fastest half-yearly profit growth in nearly three years as the world's largest mobile operator by subscribers attracts more high-end 3G users upgrading to smartphones.

Global economic health rests on the United States and China finding common ground, U.S. Vice President Joe Biden told China's leader-in-waiting, Xi Jinping, in talks aimed at shoring up faith in the dollar.

China Mobile Ltd, the world's largest mobile operator by subscribers, posted a 6.3 percent rise in net profit for the first six months, logging the fastest half-year growth since 2008 as the carrier tries to attract more high-end 3G users.

Gold demand fell in the second quarter but is still expected to rise for the full year as Asian buyers add to holdings and investors shift to it as a safe haven, the World Gold Council said Thursday.

Global economic stability rests on the United States and China working together, U.S. Vice President Joe Biden told top Chinese leader Xi Jinping in Beijing Thursday.

Lenovo Group Ltd, the world's No.3 PC brand, reported a near doubling of its first-quarter net profit, beating expectations due to acquisitions and growth in key emerging markets such as China.

Sina Corp, China's largest Internet portal, said net profit fell 60 percent as the firm spent heavily on investment in its highly popular microblogging service, Weibo.

One in five Internet users visited Amazon in the month of June, according to a comScore report.