CHINA

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.

A shoe cleaner in China who had not heard from her daughter for the past five years, since she left, was re-united after a stranger tweeted the lady’s picture taken in his iPhone on a micro-blogging site.

Chinese regulators are playing a game of hide and seek with the country's lenders, trying to uncover deals struck with the intention of evading official loan restrictions.

World stocks steadied below a recent 4-1/2 month high on Tuesday while the euro fell as worries about further monetary tightening in China and caution over the euro zone and U.S. economic outlook made investors hesitant.

There haven't been any radical political or administrative changes happening in China, recently. Nor have there been any reports that said China is reconsidering its Internet censorship regulations. The country notorious for jailing bloggers and blocking Web sites, including Facebook, Twitter and YouTube, is planning to buy a significant chunk of Facebook's stake, according to a BusinessInsider report.

The accounting troubles and short-seller attacks plaguing Chinese companies have spared few industries, though one sector appears to be a common target.

China's top e-commerce group Alibaba Group is preparing to launch a mobile operating system in the third quarter, the Wall Street Journal reported on Tuesday.

Asian stocks steadied near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar dipped ahead of a policy meeting of the country's central bank where it may signal a dovish stance.

After a lull in activity, hacker group Anonymous roared back to the spotlight with a high profile attack on Apple, breaching the company's systems and posting stolen data.

Asian stocks were steady near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar slipped ahead of a policy meeting of the country's central bank.

World stocks hit a 4-1/2 week high on Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

World stocks hit a 4-1/2 week high on Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

Rising labor costs will push over 80 million Chinese jobs in light manufacturing abroad over the next three to five years, with African nations well placed to lure many of them their way, the World Bank said.

China's Baidu is to partner with Microsoft for English-language search, giving the U.S. software giant a chance to expand its tiny Web presence in a market Google has stepped back from, and helping the Chinese company's international ambitions.

Lance Armstrong set the trend and the peloton soon caught the bug with almost every rider in this year's Tour de France now a Twitter user.

Beijing solidified a business partnership with Zimbabwe last week that unionists say is responsible for abusive work environments across the southern African nation.

Baidu, which has three-quarters of China's search market, signed a deal with Microsoft's Bing to offer English-language search to Baidu users, as it eyes an overseas expansion and Microsoft aims to increase its presence in the world's largest Internet market.

Arsenal duo Cesc Fabregas and Samir Nasri are expected to inform manager Arsene Wenger that they want to leave the London club in what promises to be awkward conversations.

World stocks hit a 4-1/2 week high Monday as investors grew confident over global economic prospects after Greece avoided an early debt default and data pointed to a moderate slowdown in China's growth.

Thousands of people are expected at the annual Nathan’s Famous Fourth of July International Hot Dog Eating Contest, which is set to begin today with pre-show at 10 am.

Reserve-rich Asia can afford to turn on the government spending taps should a recent bout of sluggish economic growth deteriorate into a deeper downturn.