World Race 2011 will have about 25 cars from different countries racing to circle the globe on the same path on which the 1908-winner drove.
U.S.-based discount coupon site Groupon.com has launched a group-buying site in China, called Gaopeng.com.
Costs for Chinese and Indian factories jumped in February, pointing to a need for more measures to prevent inflation from undermining the world's two fastest-growing economies, surveys showed on Tuesday.
Oil prices rose back above $112 a barrel on Tuesday due to concerns over unrest in the Middle East, though stock markets shrugged off the move, preferring to focus on optimism over the outlook for the U.S. economy.
Hong Kong-listed shares of HSBC Holdings Plc fell more than 5 percent on Tuesday, the biggest single-day decline in almost a year after Europe's biggest bank cut its profitability target citing the cost of tougher banking regulations.
Shanghai and Hong Kong look set for a collision course as they seek to attract yuan listings by foreign firms, in a battle where the mainland market may have the upper hand initially.
Casino revenue in Macau jumped 47.7 percent in February to 19.86 billion patacas ($2.5 billion), the Macau government said on Tuesday, driven by a torrent of gamblers from mainland China to the world's largest gaming market.
Lending by Chinese banks during the past two years has been excessively fast, topping the extreme upper limit set by regulators, the country's banking chief said at an internal meeting, a source told Reuters on Tuesday.
Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.
Flush from heady sales in the world's largest auto market, foreign car makers now see China as a launch pad for exports, with General Motors (GM.N) (GM) blazing the trail with shipments of its Chevy Sail.
Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.
Asian stocks rose in early trade on Tuesday, tracking U.S. shares which gained on optimistic remarks from influential investor Warren Buffett, while Chinese manufacturing growth slowed to a six-month low.
Asian stocks rose in early trade on Tuesday, tracking U.S. shares which gained on optimistic remarks from influential investor Warren Buffett, while Chinese manufacturing growth slowed to a six-month low.
General Mills Inc and Nestle SA are among leading candidates to buy a 50 percent stake in French yogurt maker Yoplait, Bloomberg said on Monday, citing people familiar with the process.
Silicon Valley venture capitalist Vinod Khosla and Google Ventures have invested $42 million in a start-up run by former Google employees, which helps insure farmers against losses from increasingly volatile global weather.
Allianz Global Investment (AGI), the funds arm of one of Europe's largest insurers, see growth opportunities in China's burgeoning pensions market, where ageing residents are battling to fund their retirements.
India will quadruple export duty on iron ore fines as it seeks to curb exports, mostly to China, in a budget move announced on Monday that hit domestic producer shares and could push spot prices to new record levels.
Rosneft (ROSN.MM) is set to take on Gazprom (GAZP.MM) when Russia puts the Kovykta gas field on the block on Tuesday as the country's top crude producer aims to muscle in on the gas export monopoly's plans to supply China.
The U.S. ambassador to China, who is considering a run for the White House, on Monday condemned the harassment and beating of some foreign reporters who went to cover a planned protest gathering against the government.
The U.S. government owes nearly a third more money to China than previously thought, the Treasury Department said on Monday as it revised Beijing's December holdings of U.S. Treasury debt sharply higher to $1.160 trillion.
The U.S. government owes nearly a third more money to China than previously thought, the Treasury Department said on Monday as it revised Beijing's December holdings of U.S. Treasury debt sharply higher to $1.160 trillion.
China faces acute environmental and resource strains that threaten to choke growth unless the world's second-biggest economy cleans up, the nation's environment minister said in an unusually blunt warning.