CHINA

The White House on Thursday pressed Congress to pass strong cybersecurity measures to protect consumers' personal information and safeguard the nation's financial system and electric power grid from potentially devastating attacks.

The US dollar's reserve currency status is challenged by the Chinese yuan and gold, said experts in the financial industry.

Oil rose slightly in volatile trading on Thursday, rebounding from a 5 percent plunge in the previous session as a weaker dollar prompted investors to buy riskier assets.

Global equity markets, commodities and currencies continue to move lower on the heels of concerns about Greece

The White House issued a proposal on Thursday to secure critical U.S. infrastructure and federal computer networks that aims to fend off attackers while assuring the privacy of Internet users.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

Cannes 2011: Italian Director, Bernardo Bertolucci was presented with the Palme d'Honneur, a lifetime achievement award.

Oil rebounded in volatile trading on Thursday following a 5 percent plunge in the previous session as a weaker dollar offset demand worries.

Oil rebounded on Thursday in choppy trade, as a weaker dollar pulled crude up off losses struck after the International Energy Agency cut its global demand forecast and China further tightened its bank reserve requirements.

Baidu Inc, China's top search engine, has been found guilty of copyright infringement and ordered to pay compensation to a popular literary website, the Shanghai Daily reported on Thursday.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

China's Sina Corp plans to ramp up investment in its hot Twitter-like product, Weibo, for the rest of the year in order to fend off competition from Tencent Holdings and attract a wider user base.

China's central bank increased the reserve requirement ratio for its commercial banks by another 50 basis points on Thursday, extending its campaign to calm prices despite initial signs of slowing in the economy.

U.S. stocks declined in early trade on Thursday as disappointing outlook from Cisco Systems and lower commodity prices weighed.

Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.

Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.

China lifted bank reserve requirements by 50 basis points on Thursday, signaling that containing inflation and soaking up excess cash remained its top priority even after signs the economy was slowing down.

Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.

Nissan Motor Co reported a 7.2 percent rise in quarterly operating profit on Thursday and said global production disrupted by Japan's March 11 earthquake will return to normal at least a month earlier than predicted by bigger home rival, Toyota Motor Corp.

China's economic growth could slow to 8 percent, Goldman Sach's Jim O'Neill said on Thursday, as economic data and a drop in commodity prices point to Beijing ending its monetary tightening policy sometime this year.

Afghan Foreign Minister Zalmay Rasoul, in his first visit to China since he took office in January, said in Beijing on Wednesday that the elimination of Osama bin Laden was ‘positive’ and will make Afghanistan's transition process easier.