As leaders of the emerging world powers, Brazil, Russia, India, China and South Africa (BRICS) meet today in New Delhi, the focus is on the bloc's efforts to set up a development bank which will bring together resources required for development, especially in the infrastructure sector.
China has bumped up the annual long-term foreign debt quota allocated to foreign banks to $24 billion, allowing them to bring more money into the country as growth slows in the world's No.2 economy.
Apple Inc's Tim Cook, on his first trip to China as the chief executive officer, has visited an iPhone production plant run by the Foxconn Technology Group, which is being accused of improper labor practices.
The 542 percent increase, to $103.9 billion in 2011 from $16.2 billion in 2000, makes China the third-biggest export market for the United States after Canada and Mexico.
China has allocated $24 billion in long-term foreign debt quotas to foreign banks for 2012 to allow the lenders to bring more money into the Chinese economy, the National Development and Reform Commission said on Thursday.
Leaders of the top five emerging world powerhouses, Brazil, Russia, India, China and South Africa (BRICS), will kick off a two-day summit in the Indian capital today, eyeing increased trade cooperation and seeking common ground on the plan to set up a development bank.
Asian shares eased for a second day in a row Thursday, as investors limited their risk exposures on concerns about growth prospects in the world's two largest economies, the United States and China.
Miss Asia Pacific World is a new beauty pageant/model search spotlighting the gorgeous, talented women from all over the world. The U.S. is hosting its own pageant to select a lucky girl to represent the country in the Miss Asia Pacific World 2012 pageant.
Despite their political differences, varied economic clout and undefined association, the meeting between the leaders of Brazil, Russia, India, China and South Africa is set to highlight the group's growing independence
Chinese official Wang Lijun reportedly tried to meet with British officials in the city of Chongqing before seeking asylum at the nearby U.S. embassy.
Apple (Nasdaq: AAPL) CEO Tim Cook’s visit to China isn’t for sightseeing. Rather, the new boss has met Vice Premier Li Keqiang, who may be the next Premier of China, as well as other officials.
Less than four years ago, American Internet security firm Symantec struck a deal with Chinese infrastructure equipment manufacturer Huawei Technologies, joining forces to develop computer network security products. However, in the wake of increasing cyber security concerns piling up against Huawei, Symantec decided to exit the venture, fearing that it would prevent it from gaining access to U.S. government classified information regarding cyber threats.
Within three years, the combined GDP of Brazil, Russia, India, China and South Africa is forecast to exceed that of the United States. China is expected to become the world's No. 1 economy by 2027.
It's reported that Amazon will release three new Kindle Fire models, each with a different resolution: a low-end 7-inch model (1204x600 resolution), a mid-tier 7-inch model (1280x800 resolution) and a high-end 8.9-inch (1920x1200 resolution).
Christianity in China is booming despite the government’s rigorous attempts to control religious practice.
A major U.S. airline lobbying group on Tuesday ditched a private lawsuit challenging the European Union's recently-implemented carbon tax for airlines using the trading bloc's airports, calling on the Obama administration and Congress to take up the charge.
The comments come amid growing international skepticism towards a peace plan accepted by Syria and its last remaining Security Council allies Russia and China on Tuesday, after reports emerged of continued clashes between Assad's forces and opposition fighters.
Nokia will start to sell a new range of smartphones using Microsoft software in China from April, seeking to claw back market share it has seen gobbled up by Apple Inc. and Samsung Electronics Co Ltd.
China's vice premier promised Apple Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market.
China's vice premier promised Apple
Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market.After months of international tensions, long-stalled nuclear talks between Iran and foreign leaders will resume on April 13.
Cancer is killing younger people in India and affecting far more poor and less-educated villagers than wealthier, better-educated urban people, researchers reported on Wednesday.
