CHINA

World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.

Apple's market shares could double or even triple in the next few years, according to a new analysis.In a note to investors on Wednesday, Sterne Agee's analyst Shaw Wu called Apple's growth the "ultimate platform adopting story."

China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a deadly crash between two high-speed trains last month, Premier Wen Jiabao was quoted as saying by state media Wednesday.

Oil led a rebound among commodities on Wednesday as investors went bargain hunting for riskier assets after the U.S. Federal Reserve promised to extend near-zero interest rates for two more years.

China launched its first aircraft carrier for a maiden run on Wednesday, a step likely to boost patriotic pride at home and jitters abroad about Beijing's naval ambitions.

World shares clawed back more ground on Wednesday as investors rattled by a run of heavy losses took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.

China's first aircraft carrier -- which attracted worldwide attention among fears that the second-largest economic powerhouse in the world is rapidly bolstering its military powers -- set sail on Wednesday for its sea trial.

China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

China Mainly Blames US and India For 500,000 Cyberattacks Last Year

World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.

China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

BHP Billiton , the world's biggest miner, expects weak growth on both sides of the Atlantic to persist for many years as Europe and the United States deal with their debt crises, heightening the reliance on China's fast-growing economy.

Brent crude rose $3 on Wednesday after the U.S. Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.

The United States could launch a new round of quantitative monetary easing, China's top economic planner said on Wednesday in a statement addressing the country's future inflation risks.

Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.

Brent crude rose $2 on Wednesday after the Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.

Saab's parent is in "real and substantive" talks with potential investors, the automaker's North American president said on Tuesday.

Keanu Reeves is in negotiations with China Film Group and Village Roadshow Pictures to get funding for "Man of Tai Chi," a Mandarin-and-English-language movie that Reeves will star in and direct, individuals familiar with the project told TheWrap.

Blood Tests will Not Lead to more Abortions

U.S. stocks soared in turbulent trading Tuesday, coming off the worst three day selloff since the financial crisis, as investors took in stride the Federal Reserve's pledge to keep interest rates near zero at least through mid-2013.

The struggling U.S. economy is beginning to take its toll on shipping companies which should be seeing a big boost from their peak season but instead find retailers delaying decisions about how much to import.