CHINA

China Criticizes UK Prime Minster Cameron For Meeting With Dalai Lama

Dalai Lama
Chinese officials summed a UK ambassador to the Ministry of Foreign Affairs on Tuesday in an official complaint against British Prime Minister David Cameron and Deputy Prime Minister Nick Clegg. The two dignitaries spoke with the 14th Dalai Lama, the exiled spiritual leader of Tibetan Buddhists, on May 14.
Greek euro

German Growth Rescues Euro From Dive

The euro pulled back from a four-month low against the dollar during Asian trading Tuesday after Germany, the euro zone's largest economy, announced first-quarter GDP growth of 0.5 percent.
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Driven Off

Xenophobia Among Chinese Netizens High After Alleged Attempted Rape

China's internet community is abuzz with anger and xenophobia. Netizens are livid over the discovery of an alleged case of attempted rape of a young Chinese woman by a Western tourist in Beijing. However, other examples of selfless good deeds by visiting tourists temper sentiments.
Traders

Europe Uneasiness Endures, China Frees Up Cash: Daily Markets Wrap

Political discord in Greece, voters punishing German Chancellor Angela Merkel's Christian Democrats, lower euro zone manufacturing output and China freeing up cash for lending all contributed to a global stocks slide as investors pursued the safe havens of government debt and the dollar.
Demonstrators in Daraa

China Sends Observers As Syria Nears Civil War

China sent military observers to Syria as part of the U.N. mission there supervising a crumbling ceasefire. Meanwhile, bombings last week in Damascus and attacks against a U.N. convoy in the south call into question the safety of peacekeepers in the country.
Daniel S. Loeb, pirncipal, Third Point Capital

Memo To Loeb: You Broke Yahoo -- 5 Ideas to Fix It

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
Underground mining machine

Gold Prices Tumble To Four-Month Low

Gold prices fell to a 4-1/2-month low on Monday, hit by concerns about a worsening debt crisis in the euro zone following political deadlock in Greece which fuelled risk aversion and put pressure on the euro.
US Stocks

US Stock Futures Signal Lower Start Monday

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with S&P 500 futures down 1 percent and contracts for the Dow Jones and Nasdaq 100 down 0.9 percent.
South China Sea Protests

China-Philippines Territorial Standoff Leads To Clampdown on Trade; Economic Sanctions Likely

Trade relations between China and Philippines are likely to go downhill unless territorial dispute between the two governments over the South China Sea is resolved, believe experts. The standoff has apparently extended to economic crisis, with fruit trade and tourism sectors already taken a hit, the China Daily reported. Unless bilateral tensions ease over disputed ownership of Huangyan Island, the problem may likely worsen with economic sanctions imposed.
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Wall Street To Slide, S&P 500 Faces Key Test

U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.
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China, Japan, S. Korea Agree On Trade Pact Talks

Chinese Premier Wen Jiabao called on northeast Asia's powers to cooperate more in the face of global economic headwinds, as China, Japan and South Korea agreed at a summit on Sunday to soon launch negotiations on a three-way free trade pact.
Zhou Xiaochuan, left, China's central bank governor, leaves after a news conference as a part of the U.S.-China Strategic and Economic Dialogue at the Diaoyutai State Guesthouse in Beijing, May 3, 2012.

People's Bank of China Cuts Reserve Requirement Ratio By 0.5%

China's economic growth has been comparatively anemic lately, so the People's Bank of China will give it a transfusion by cutting the banks' reserve requirement ratio by 0.5 percentage point (50 basis points) on May 18, according to the country's official Xinhua News Agency.
Smuggling Pistol in Mickey Mouse Doll

Creative Smuggling: 20 Most Bizarre Attempts By Smugglers Which Went Wrong (PHOTOS)

You may have watched the movie Snakes On A Plane and this classic action flick has served as an inspiration to many criminals and drug dealers around the world to smuggle illegal substances, valuable properties, living beings and rare species. Here is a slideshow which will take you on a ride to several ridiculous methods adopted by smugglers.

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