Asia-focused bank Standard Chartered reported a record-beating 17 percent rise in first-half profits on Wednesday as a booming Hong Kong market and increased restraint on costs outweighed a slump in India.
China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing's grip on its lenders.
Security company McAfee has uncovered a new series of cyber attacks, which, according to security experts, is the biggest ever discovered. The intrusions involve permeation of the networks of 72 organizations that include the United Nations, governments and companies across the world.
China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing's grip on its lenders.
China's central bank governor urged Washington Wednesday to act responsibly to deal with its debt issues, saying uncertainty in the Treasuries market will undermine the international monetary system and hamper global growth.
U.S. new car buyers are richer and more demanding because they have more choice among brands that are closer in quality than ever before, Ford Motor Co's sales and marketing chief said on Tuesday.
According to a Bloomberg report, Samsung will be delaying the release of the new Galaxy Tab 10.1 tablet in Australia under an agreement with Apple, until the patent lawsuit between the two companies is resolved. This is an interesting move by Samsung, and almost seems to suggest that the lawsuit isn't going well for Samsung. However, if federal judges in multiple countries come to the same conclusion that Samsung "slavishly" imitated the design and technology used for the iPad and iPho...
Russian Prime Minister Vladimir Putin on Monday gave a speech to pro-Kremlin youth in which he accused the United States of acting like a "parasite" on the global economy by massing up uncontrollable debts that threaten the financial system of the world.
Every year an average of 2,280 metric tons of frog legs are imported into the U.S. (which may involve the killing of up to 1.1 billion frogs).
The EU's antitrust probe of Google could hurt it growth, finances and its reputation.
China has unveiled rules aimed at easing territorial disputes with southeast Asian nations with an official newspaper on Tuesday placed much of the blame for recent tensions in the South China Sea on U.S. trouble-making.
Pakistan's quick response to charges by China that militants involved in attacks in Xinjiang had trained on its soil shows the importance of its ties with Beijing, but it could be a mistake for Islamabad if it relies too much on China.
China's naval forces are likely to step up their activities in waters around Japan, Tokyo's annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
Japan expects China to further expand its maritime activities in the South China Sea and the Pacific, its annual defence report said on Tuesday, the latest expression of regional security concerns about China's military buildup.
China's spot alumina prices have risen 7-9 percent since June due to increased demand and strong aluminium prices, and traders and analysts say prices could rise further in the second half on speculative buying.
Buyout firm Carlyle Group agreed to buy 9 percent of Haier Electronics Group Co Ltd (HEG) through convertible bonds, raising its stake in a Chinese company expanding into Japan and China's untapped markets.
The U.S.' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
Striking cab drivers in Hangzhou denouncing rising fuel prices and demanding the government make good on pledges to raise fares abandoned their vehicles for a second day on Tuesday, and planned street protests despite a heavy police presence.
China is likely to export 45 million tonnes of steel products in 2011, up 5.7 percent compared with last year, the industry ministry said on Tuesday.
SABMiller , the world's second largest brewer, moved to expand further in China on Tuesday by increasing its stakes to 100 percent in two brewers in the central Chinese province of Zhejiang for $47 million in cash.
The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
A civic agency in South Korea is sending thousand of pounds of flour to North Korea.
