The world's rich lost a fifth of their wealth in 2008 and the number of people with fortunes of more than $1 million fell 15 percent as the financial crisis wiped out two years of growth, a study showed on Wednesday.
Sinopec Group launched China's biggest-ever foreign oil acquisition on Wednesday, agreeing to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) to secure the Swiss oil explorer's high-potential oil blocks in West Africa and Iraq.
Top U.S. officials urged China Wednesday to abandon its proposal to require Internet filters installed on personal computers starting next month, warning the step could violate world trade rules.
North Korea's leader Kim Jong II appointed his youngest son Kim Jong Un as head of spy agency in March in preparations for handing him control of the regime, according to a news report.
The global population of high net worth individuals fell 14.5 last year along with the economy, according to a new report.
The economic outlook has improved for the first time in two years but soaring unemployment and ballooning budget deficits could knock a weak recovery off track, the OECD said on Wednesday.
Goldfinger is back in the market and has a new focus -- Asia.
SouFun, China's top real estate website, is eyeing an initial public offering next year in Hong Kong or the United States if the global economy recovers, Chairman Vincent Mo said on Wednesday.
China's Sinopec Group agreed to buy Addax Petroleum Corp for about C$8.27 billion ($7.24 billion) in a bid to gain access to the Swiss oil and gas explorer's high potential oil blocks in West Africa and the Taq Taq field in Iraq.
China on Wednesday rejected U.S. and European charges that its restrictions on raw materials exports violate international trade rules, saying that its policies were in keeping with WTO regulations.
Asian stocks bounced up on Wednesday from a one-month low hit the previous day while the dollar drifted, with investors bracing for a Federal Reserve decision and any signs the central bank is worried about the jump in U.S. bond yields.
One of China's best known dissidents, Liu Xiaobo, has been formally arrested on suspicion of inciting subversion, following his detention late last year for promoting a petition calling for an end to one-party rule.
North Korea's nuclear ambitions area serious concern for Beijing and should be addressed through further dialogue, a senior Chinese military officer said on Wednesday after talks with Pentagon officials.
The Pentagon will create a Cyber Command to oversee the U.S. military's efforts to protect its computer networks and operate in cyberspace, under an order signed by Defense Secretary Robert Gates on Tuesday.
JPMorgan tops a list of the world's strongest banks, while Royal Bank of Scotland suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.
Chinese Government hasn’t back down on its mandate about inclusion of web filtration on all PC to be produce starting July 1.
The United States and European Union took action against China on Tuesday for restricting exports of industrial raw materials, intensifying a trade struggle at a delicate time for the global economy.
New orders for Chinese shipyards fell 96% in the first five months of 2009, the Ministry of Industry and Information Technology (MIIT) released on Tuesday.
A Chinese inventor has sent his patented ultrasonic flycatcher to an international organization, which he hopes will pass it on to US President Barack Obama as a gift, Xinhua reported on Tuesday.
The United States and European Union on Tuesday began a case against China at the World Trade Organization over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favor of its own industries.
The Brazilian real estate market is booming again after fizzling at the end of last year as sales have rebounded in one of the best emerging markets, a New York-based real estate private equity investor said in an interview on Tuesday.
The United States and European Union are launching a World Trade Organization case against China over its export restrictions on raw materials, officials announced on Tuesday.
