CHINA

Social networking site Facebook lost a significant number of its users in the US in May, raising fears over the site’s user base reaching saturation levels in the country.

European Central Bank President Jean-Claude Trichet on Sunday raised concern about widening global imbalances after the financial crisis, calling them one of the main challenges for the global economy.

Warren Buffett-backed Chinese carmaker BYD Co Ltd <1211.HK> will raise a less-than-expected 1.42 billion yuan ($219 million) in its initial public offering in Shenzhen, weighed down by weak investor sentiment and worries over its poor performance.

US Department of Energy will offer a conditional guarantee as part of a $150 million loan to 1366 Technologies Inc for the development of a multicrystalline wafer manufacturing project.

New satellite pictures show skyscrapers townships completely empty in China that have been completely abandoned after construction.

More than two million people were affected or displaced due to heavy floods in the eastern province of Zhejiang in China.

The ongoing sovereign crisis in the eurozone countries has renewed concerns over the fate of the euro, the second largest reserve currency as well as the second most traded currency in the world.

A Chinese software company is alleged to have placed security holes in its products sold to chemical defense and energy companies in Europe, the Americas, Asia, and Africa. Beijing-based Sunway ForceControl makes SCADA (Supervisory control and data acquisition) software which is used in computer systems that control and monitor manufacturing plants and equipment used by different industries.

Boeing Co says it feels no pressure to rush a decision on whether to re-engine or redesign its best-selling 737 narrow-body, despite impressive orders for an upgraded version of the competing plane -- the Airbus A320neo.

Rep. Ron Paul, R-TX, on Saturday easily won the presidential straw poll for the Republican Leadership Conference 2011 as the congressman pursues a bid to gain the Republican nomination for President in the 2012 race.

Motorola Droid 3 aka Milestone 3 has now officially (and quietly) been launched in China and the slider smartphone sounds and looks sound enough to give the next generation iPhone (dubbed iPhone 5) a run for its money.

South Korean Marines fired rifles at a South Korean commercial aircraft flying near the sea border with North Korea, thinking it was one of the communist North's jet fighters, but they never hit their target, military sources said on Saturday.

Toronto-listed Sino-Forest, already under pressure from a short-seller's report alleging theft and fraud, appears to have substantially overstated its forestry holdings in China's Yunnan province, Canada's Globe and Mail newspaper said on Saturday.

South Korean marine Corps troops fired at a passenger jet, mistaking it as communist North's jet fighters. No damage has been reported.

With the announcement of the Chromebook from Google, tech analysts, investors and consumers are watching closely to see if Google is more than a two trick pony. Google isn’t the only company betting big on the cloud either - Apple, Microsoft and Amazon have all made big moves into the cloud.

It had all the signs of another dotcom bubble: A start-up without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut.

The latest figure to hit the front pages about China’s corruption problem is that $120 billion have been embezzled and smuggled out of the country since the mid-1990s, according to a Chinese government report.

It had all the signs of another dotcom bubble: A startup without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut.

Thousands of corrupt Chinese government officials have stolen more than $120-billion from the mid-1990s to 2008, according to a report from China’s central bank.

The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are playing with fire unless they take immediate steps to reduce their budget deficits.

A deal on steps to curb food price volatility between G20 agriculture ministers next week is reachable but far from guaranteed, French Farm Minister Bruno Le Maire said on Friday.