CHINA

The U.S. sale of advanced F-16s fighter jets to Taiwan is looking more likely than ever of being formalized into law, after being approved by the U.S. House of Representatives.

Over one-third of the drugs distributed to fight malaria in sub-Saharan Africa and Southeast Asia over the last 10 years were either fake or of poor quality, according to a report published by the Lancet on Tuesday.

Days after France attempted to ban a genetically-modified strain of maize created by the controversial agricultural company Monsanto, based in St. Louis, Mo., the European Food Safety Authority (EFSA) rejected France's grounds for banning the maize, even though France believes the corn is harmful to the environment.

Best Buy Co. Inc. (NYSE: BBY) reported a 26 percent drop in its fiscal first-quarter profit due largely to higher restructuring costs compared to last year, but the earnings topped Wall Street's expectations.

As U.S. entertainment companies look for new opportunities in light of a stagnant home market, new partnerships with China are emerging, but the process of linking media worlds between the two countries is also a two-way street.

The measure grants President Barack Obama the power to impose sanctions against any country or company that enters into a joint venture or offers technology to assist Iran's uranium or oil industries.

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.

The companies whose shares are moving in pre-market trading on Tuesday are: STMicroelectronics, Ceragon Networks, Trina Solar, Vodafone Group, Mellanox Technologies, Nokia Corp, Cellcom Israel and AstraZeneca plc.

Futures on major U.S. stock indices point to a slightly lower opening Tuesday ahead of existing home sales data that are expected to show a rise in April sales.

Asian markets rose Tuesday as China promised to spur growth and France and Germany agreed to prevent Greece from exiting the euro zone.

Asian stock markets advanced for the second day Tuesday as China's commitment to stimulate growth in the world's second largest economy and signs of cooperation between German and French leaders buoyed sentiment.

A leading economic indicator for China rose at a steady speed in April compared to the previous month indicating that the country?s economy may not have the hard landing as expected earlier.

Japan's Nikkei share average rose in early trading Tuesday, continuing Monday's technical correction as investors picked up bargains after last week's flurry of aggressive selling, triggered by concern over a deepening euro crisis.

The strain in this relationship between Germany and France was apparent Monday as finance ministers from both countries failed to resolve the question whether the euro zone would benefit from issuing joint European bonds. Berlin rejects the idea, stipulating that struggling economies need to clean up their messes before being given a reason not to.

On Monday, Apple invested another $210 million to help Foxconn, the company's largest manufacturing partner in Asia, build out a new production line for unspecified components. The plant will hire roughly 35,800 new employees to help assemble components for the company's line of desktop and laptop computers, smartphones, tablets, or possibly new computing devices.

China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

Former CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine Scott Thompson resigned as a director of Spunk (Nasdaq: SPLK), a week after quitting his job at Yahoo.

During my many years of following American political thought, one overwhelming truth has emerged: There is nothing as powerful as an idea (be it intelligent or stupid) whose time has come.

Just six months after Google Chrome eclipsed Mozilla's Firefox to become the world's second most popular Web browser, Chrome has also surpassed Microsoft's Internet Explorer to become the most-used Web browser in the world, according to Statcounter.

Chinese fishermen captured and taken to North Korea have been safely returned, but mysteries surrounding the incident remain.

A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.