Averting a U.S. debt default solves only the immediate fiscal problem for the West and its big creditors in Asia.
Apple manufacturing partner Foxconn is adding one million robots over the next three years in hopes of reducing labor costs.
Sprint?s Motorola Photon 4G Can Be Stiff Competitor for iPhone 5
Foxconn has announced that it would be replacing its workers with 1 million robots in the coming three years.
Glencore , the world's largest diversified commodities trader, has booked a supertanker to store part of the nearly four million barrels of gas oil it purchased in July, industry sources said on Monday.
Honda has raised its profit and sales forecast. The company is on a speedy path to recovery.
Factories in Asia and Europe all but stagnated in July, according to business surveys that showed the weakest rates of growth since major industrial powers were struggling through the 2009 recession.
Isolated North Korea said on Monday it had agreed to further dialogue with the United States, and repeated it was willing to resume regional nuclear disarmament talks at an early date, without preconditions.
Honda Motor Co <7267.T> reported an unexpected quarterly profit and raised its annual outlook by more than a third, as Japan's No.3 automaker rebounded quickly from a severe parts shortage caused by the March 11 earthquake.
China's media are curbing combative reporting of a high-speed train disaster after what observers said were orders from the ruling Communist Party's propaganda arm, which on Monday drew fresh scorn from Internet users demanding unfettered news.
China said on Monday that Islamic militants had mounted an attack that left 11 people dead in the restive western region of Xinjiang, which announced a crackdown on "illegal" religious activities at the start of the Muslim fasting month.
Brent crude futures hit a 6-week high on Monday, topping $120 a barrel, due to a relief rally after Washington reached a last-minute deal to escape default.
Gold fell more than 1 percent on Monday after President Barack Obama said lawmakers had reached a deal to cut the country's deficit, which, if approved, would remove the threat of a default on debt that has driven bullion to a record high.
Taiwan's Foxconn Technology Group, known for assembling Apple's iPhones and iPads in its China factories, plans to use 1 million robots within the next three years to replace workers performing some simple procedures, its chairman said.
A new study finds that people who chew their food more take in fewer calories, which may help them control their weight.
Collated medallists after the eighth day of pool competition on day 16 of the world swimming championships in Shanghai on Sunday (* indicates medal winners on Sunday):
Sun Yang's victory in the men's 1500 metres freestyle at the world swimming championships on Sunday may indicate a re-awakening of the country's swimming programme.
China's Sun Yang provided a record-breaking finale to the world swimming championships on Sunday, while Ryan Lochte and Michael Phelps set up the potential of a mouth-watering showdown at next year's London Olympics.
China's factory activity slowed down in July and by one measure contracted as manufacturing across much of Asia weakened on signs that global demand is losing momentum.
Honda Motor Co <7267.T> avoided an expected loss and raised its annual profit outlook by more than a third on Monday after it reported a 90 percent fall in quarterly operating profit, as it rebounded quickly from a severe parts shortage.
China pledged to keep to a prudent monetary policy for the rest of the year to combat inflation, which is stubbornly fixed near a three-year high.
China's central bank said it would keep monetary policy prudent for the rest of the year as inflation risks escalating from three-year highs if it takes its foot off the policy brakes.
