CHINA

Despite the S&P downgrade of the United States, Russia announced that it has no plans to make an immediate change to its U.S. dollar-denominated gold or foreign exchange reserves, a senior Russian bank official has confirmed.

Sudan has granted its main ally and oil buyer China more oil exploration rights as both countries seek to boost ties, Sudan's foreign minister said.

Russia has secured Nokia's backing of its GLONASS satellite navigation system, a major step forward for the country's technology toward securing the number two global position after GPS.

World stocks recovered after their 10th straight day of declines on Tuesday as Wall Street managed to put a brake on losses for the time being, with investors turning their attention to a meeting of the Federal Reserve.

China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks stumbled on fears that the world economy is headed for a downturn.

China's Premier Wen Jiabao urged nations to work together to stabilize turbulent financial markets on Tuesday as global stocks swooned on fears the world economy is headed for a downturn.

China's industrial output grew at a slower pace in July while inflation unexpectedly quickened, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

Would-be rivals to Apple's iPad have more of a chance in Europe than they do in the United States, but they need to cut prices fast to grasp the opportunity, IT research firm Forrester said on Tuesday.

Stock index futures pointed to a gain of about 1 percent at the open on Tuesday in a rebound from the previous session's nosedive, but an upcoming Fed statement could spark a reversal if investors are not convinced it has a plan to combat a market meltdown.

China is still nursing a hangover from its 2008 stimulus spending spree and may be reluctant to kick off another big round, leaving less potent options on the table should the global economy tilt toward a cliff.

Stock index futures surged on Tuesday, indicating a rebound from the previous session's nosedive as investors looked to a Federal Reserve statement for clues on how it may combat a market meltdown linked to fears of a new recession.

The boisterous sold-out Klagenfurt center court stadium crowd gave much deserving of the numerous standing ovations to USA's legendary Misty May-Treanor and Kerri Walsh after they won the gold medal Saturday to complete a run of seven consecutive victories over a world-class field at the FIVB Beach Volleyball Swatch World Tour A1 Women's Grand Slam.

Stock index futures rose on Tuesday, indicating a partial rebound from the previous session's nosedive, as investors looked to a Federal Reserve statement for clues on how it may combat the growing perception the nation was headed for recession.

World stocks sank sharply for a 10th session running on Tuesday, racking up a bear market 20 percent loss since early May, fueled by fears of a new global downturn.

Honda Motor Co is studying possible production bases overseas to replace export-bound car production in Japan that has been battered by a strong yen, a top executive said on Tuesday.

Stock index futures pointed to further steep losses for equities on Tuesday, after the previous session's plunge, as investors worry the world's largest economy could fall back into recession.

World stocks sank sharply for a 10th session running on Tuesday, racking up a 20 percent loss since early May, and gold hit another record high as investors continued to dump riskier assets in highly volatile markets.

Japan's Finance Minister Yoshihiko Noda postponed a reported plan to announce on Tuesday his bid to replace unpopular Prime Minister Naoto Kan, saying he would focus on confronting global financial market turmoil.

General Motors , the biggest overseas automaker in China, rolled out its first car under its newly created Baojun brand in the country on Tuesday.

BlackRock will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, James Holt, investment strategist at the world's largest money manager, said on Tuesday.

China's annual inflation rose to a higher-than-expected 6.5 percent in July, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.