CHINA

Yet another grim development in China's ongoing battle with poor industrial and manufacturing practices -- what do you do if the pills you take make you even sicker than before?

Asset markets across the world hit a collective reset button Monday, as investors moved their cash across continents to capitalize on different markets digesting the same morsel of news at different speeds.

There could not have been a more fitting place for Italian businessman and occasional philosopher Brunello Cucinelli to kick off the pre-listing roadshow of his eponymous clothing company than a former Dominican convent.

Last year, representatives from the State Department and the Pentagon took part in two exercises with their Chinese counterparts where they had to describe what they would do if it emerged the other side was behind the release of a sophisticated computer virus damaging national assets.

International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.

Leaders of the Syrian opposition met with Russian delegates in Moscow on Monday.

The Dow rose on Monday, buoyed by big consumer staples stocks as Wall Street turned defensive, while the broader market fell as Spain's rising bond yields fed worries about Europe's debt crisis and offset optimism over a jump in retail sales.

The United Nations has issued a unanimous statement on Monday denouncing North Korea's attempted satellite launch and warned of further actions in response to new ballistic missile tests or nuclear testing from the North.

Intel (Nasdaq: INTC), the No. 1 chipmaker, is scheduled to report first-quarter results after markets close Tuesday. As always, Intel’s report will be a bellwether for the semiconductor industry.

The round of nuclear negotiations between Iran and six world powers will take place in Baghdad, Iraq late next month. Following Saturday's discussions in Turkey, Tehran agreed to hold more talks, a landmark step after years of stalled negotiations around the Islamic Republic's developing nuclear program.

Spain's debt yields rose above 6 percent on Monday as investors worried about its budget deficit, knocking the euro and sending safe-haven German bonds to a record last set at the height of the euro zone crisis.

Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.

The United States and the Philippines kicked off 11 days of military drills in the South China Sea, an annual event that is especially significant as a territorial dispute between China and the Philippines enters its second week.

The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.

As China continues to struggle through a major political scandal which has led to the purge of Bo Xilai, formerly one of the country's most visible and respected leaders, Premier Wen Jiabao used the opportunity to warn against corrupt behavior within the Chinese government.

KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones Newswires, citing three people familiar with the matter, as financial market conditions stabilize on the island nation.

Asian stock markets ended lower Monday as surge in Spain's borrowing costs renewed concern over the eurozone debt crisis.

In a joint military exercise, nearly 7,000 US and Philippine forces have begun South China Sea drills amid growing maritime tensions between Manila and Beijing over a disputed shoal.

New satellite images and data have proved that some glaciers on Asia’s Karakoram mountain range, a part of the Himalayas, have gained ice mass.

Asian stock markets declined Monday, following a slump in the US and European stocks last week on renewed eurozone concerns.

Samsung Electronics Co <005930.KS> said on Monday it would unveil the third-generation of its flagship smartphone Galaxy S on May 3 in London, banking on a heavy marketing campaign heading into the summer Olympics in the city.