CHINA

Airbus was set to announce a record $16 billion plane order at the Paris Air Show on Wednesday as the EADS unit racks up sales of a revamped version of its top-selling single-aisle aircraft.

On Tuesday, Encana announced its $5.4-billion joint venture agreement with PetroChina to develop the Cutbank Ridge assets had failed during almost a year of talks.

Apple is ready to introduce a new iPhone in September, with a stronger chip for processing data and a more advanced camera, according to sources from Bloomberg.

The next generation of Apple's smartphone -- whether called the iPhone 4s or the iPhone 5 -- is starting to hit factories, analyst say, winding up for a September release date.

Yahoo Inc, China's Alibaba Group and Japan's Softbank Corp said on Wednesday they have made substantive and encouraging progress toward an agreement over the ownership of the Chinese company's Alipay e-payment unit.

Jon Huntsman declared his candidacy for 2012 presidential nomination from the Republican party.

The evidence of double-dip recession in the US economy is growing, with the latest indicators reflecting deteriorated economic conditions not seen in the past three decades.

Australia's government unveiled legislation on Wednesday to crack down on cybercrime in the wake of recent cyber attacks on multinational companies and institutions, from Google to the International Monetary Fund and the U.S. Senate.

Mark Kelly, the husband of Rep. Gabrielle Giffords, D-AZ, said Tuesday that he will be retiring from NASA after 25 years of working with the space agency.

Germany's Daimler warned of increasing economic risks in emerging markets such as China that could cause the auto industry's growth engine to sputter.

Former Utah Gov. Jon Huntsman launched his campaign for U.S. president Tuesday with a creative ad that, if nothing else, will certainly have political operatives and voters talking.

Chinese manufacturers are set to take a significant bite out of the global market for short-haul planes by 2016, and will then catch up with Airbus and Boeing, the head of Europe's largest low-cost airline said on Tuesday.

President Bashir is wanted by the International Criminal Court for genocide and war crimes. He will be hosted in Beijing for three days next week.

Lady Gaga arrives in Japan, goes simple with bald cap, and attends the MuchMusic Awards in Toronto on Sunday.

Small Indian carrier GoAir has placed a contract valued at $7.2-billion to purchase 72 airplanes from Airbus – a reflection of soaring aircraft demand in the subcontinent.

Today, June 21, is the summer solstice in the Northern Hemisphere, and obviously, it also marks the winter solstice in the Southern Hemisphere.

Jon Huntsman officially announced his presidential bid today, charging that the country's current course will hobble future generations.

Korean Air announced Tuesday at the Paris Air Show, to buy Bombardier's C series aircraft, the value of the order is valued at US$616-million based on list price, but could swell upto US$1-billion if all the orders comes to a definitive.

The top pre-market NASDAQ Stock Market gainers are: Tower Bancorp, SunPower, Rex Energy, Logitech International, Zalicus, Baidu, and Apple. The top pre-market NASDAQ Stock Market losers are: Susquehanna Bancshares, Prospect Capital, Express Scripts, and Sify Technologies.

Here is an interesting fact about the Summer Solstice. The longest day of the year is not normally the warmest.

The rash of accounting scandals that has hit U.S.-listed Chinese stocks has not curbed the appetite of private equity and venture capital firms looking for the next set of Chinese Internet stars in the mainland's So-Lo-Mo and luxury e-commerce sectors.