CHINA

Profits at State-Owned Chinese Companies Decline

Chinese Yuan
Higher costs and a spike in taxes are squeezing the bottom line at China's state-owned companies, the Xinhua news agency reported on June 15, driving down profits and slowing down the rate of growth in operating income.
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Turkish President Abdullah Gul arrives at the NATO Summit in Chicago

Why Is Turkey In NATO?

NATO was first formed in April 1949 with twelve original members, two North American nations and twelve European states located either in Northern or Western Europe. Turkey entered with the first enlargement in 1952 - before even Germany.
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Submerging Markets

The weekend brought a sobering warning from the Bank for International Settlements, which suggested that the emerging markets are facing their own version of the boom and bust cycle that brought the developed world to its knees three years ago.
Buildings seen in China

China's 2012 Growth Target At Risk, Property Curbs Hurt

China's annual growth target for 2012 looks increasingly in jeopardy as demand at home falters and Europe's debt crisis worsens, complicating matters for Beijing as the country heads into a once-in-a-decade leadership transition.
Asian Shares

Asian Stock Markets Fall On Growth Fears

Asian stock markets mostly declined Monday as fears of a further global slowdown and economic headwinds from the euro zone continued to weigh on the sentiment.
Firemen clean up debris at a factory which was damaged by an earthquake in Ninglang county

4 Dead, 100 Injured As Earthquake Rocks China

An earthquake of 5.7 magnitude hit a remote mountainous terrain in southwest China Sunday, leaving at least four people dead and over 100 others injured, Chinese authorities said Monday.
Jerry Sandusky

Jerry Sandusky Jury Reaches Verdict: Does He Deserve The Death Penalty?

People used to call him a saint; now, Jerry Sandusky faces a maximum sentence of 442 years in prison after a jury of seven women and five men found the former defensive coordinator of Penn State's storied football program guilty of 45 out of 48 counts of sexual assault, molesting 10 boys over the span of 15 years. But is a life-sentence enough punishment for Sandusky?

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