Mexico will use $206 million confiscated in what officials call the world's biggest drug cash seizure to fund programs for addicts and strengthen the justice system, the government said on Thursday.
The Senate Finance Committee voted 20-1 on Thursday to give the U.S. government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.
Global wind power capacity rose by nearly 26 percent last year, generating electricity equivalent to nearly 33 million passenger cars, Worldwatch Institute reported.
Harry Potter might possess the powers to vanquish evil wizards -- but not Chinese pirates.
One of Shanghai's main business districts is urging office workers to ditch their suits and ties for shorts and T-shirts Friday as temperatures approach 40 degrees Celsius (104 Fahrenheit).
Raids and arrests in China have been made over the past two weeks in connection with a major software counterfeiting syndicate responsible for more than $2 billion in pirated Microsoft Corp. (NASDAQ: MSFT) software.
Honda Motor Co. beat forecasts with a 16 percent rise in quarterly profit after increased exports and currency gains outweighed higher raw material and sales costs, and it lifted its full-year forecasts to reflect a softer yen.
Accounting firm Ernst & Young plans to nearly double its transaction advisory team in Asia over the next three years, to meet rising mergers and acquisition activity in China and India, an executive said on Wednesday.
While young people embrace the Web with real or virtual friends and their cell phone is never far away, relatively few like technology and those that do tend to be in Brazil, India and China, according to a survey.
McDonald's Corp., the world's biggest restaurant company, on Tuesday posted a quarterly net loss after taking a big charge for the sale of its outlets in Latin America. The company's second-quarter net loss was $711.7 million, or 60 cents per share, compared with a net profit of $834.1 million, or 67 cents, a year ago.
JPMorgan Chase & Co. said on Monday it received final approval to set up a locally incorporated bank in China, one of the latest firms given the go-ahead for possible retail operations in the country.
With a pair of mergers announced over the weekend, the total number of state-owned enterprises affiliated with China’s central government has dropped from 157 to 155.
Heavy rain and storms have triggered floods and landslides across large parts of Asia, killing hundreds of people. Here is an overview of the five Asian countries worst affected by this year's monsoon weather.
British bank Barclays raised its bid for Dutch group ABN AMRO to 67.5 billion euros ($93 billion) on Monday, helped by some of the biggest ever overseas investments by China and Singapore. The bid still falls short of a rival $71 billion-euro bid from a group of European banks led by Royal Bank of Scotland.
India's success in trimming its fiscal deficit has surprised even itself but progress in the next two years will be harder as dizzying growth slows and pressure for populist spending rises before elections.
Storms are expected to batter large swathes of China again on Monday after floods, landslides and lightning killed more than 150 people last week alone, state media said.
Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.
The dollar fell to another record low against the euro on Monday, hit by fresh fears of a global spill-over from the U.S. mortgage market crisis that buoyed safe-haven bonds and forced Asian stocks into a retreat.
Provincial governors of China's central bank have given it high marks for its use of various tools in the first half of the year to rein in the world's fastest-growing major economy.
Beijing's Silk Alley Market, famous for knock-off designer gear from North Face jackets to Louis Vuitton bags, has been raided again after state media had heralded a clean-out of fake goods.
Britain's Barclays is in talks with the governments of China and Singapore to raise 10 billion pounds ($20.6 billion) to help fund its planned purchase of Dutch bank ABN AMRO, the BBC reported on Monday.
One in four Americans think China will beat the United States in the next decade as the world leader in innovation, according to a survey released on Sunday by Zogby International.
