CHINA

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.

Weibo, which is similar to Twitter, has become a sensitive matter for government officials as users often use the platform to criticize government policy.

China suspended approval for the purchase of 10 Airbus (EAD) jets, in a continued showdown over European Union emissions charges.

Given the lack of sufficient infrastructure and endless political instability, Sudan’s energy sector faces many monumental challenges.

U.S. delivery company United Parcel Service Inc. (NYSE:UPS) said Friday it is in constructive talks to buy Dutch rival TNT Express NV and reiterated its intention to make a formal bid by May 12.

Bo Xilai has been sacked from his position as the Communist Party Chief of Chongqing. The state-owned Xinhua News Agency’s coverage of the event was brief and unceremonious, belying its critical significance.

The prominent economist's main fear isn't the European debt crisis, a hard landing in China or faltering U.S. economic growth but a possible military showdown between Iran and Israel. A war in the Middle East could send oil prices soaring and cause a global recession.

North Korea will launch a long-range rocket carrying a satellite into space next month. The earth observation satellite will be set into orbit between April 12 and April 16, which will coincide with the nationwide celebrations for the birth of the country's founder, Kim Il-sung.

The cost of living in the U.S. rose to a 10-month high in February on the back of soaring gasoline prices, government data showed Friday.

EBay Inc's unit PayPal is expanding its domestic electronics payments presence in Asia with plans to tap China and India, the region's biggest consumer markets, a senior executive said on Friday.

Australia's main iron ore terminals, which are among the largest in the world, were closed on Friday as a cyclone in the Indian Ocean swept toward the Pilbara iron ore mining belt coast.

Living in one of the world's most heavily censored societies, Wang Yong enjoys anonymously venting his daily frustrations, 140 characters at a time, via China's version of Twitter, but new government restrictions are making him think twice.

People protesting against the dictatorial regime of Syrian President Bashar al-Assad have been thrust into a nightmarish world of systemic torture, says the Amnesty International.

China has suspended the purchase of 10 more Airbus jets, two people familiar with the matter said on Thursday, raising the stakes in a potentially damaging trade row over European Union airline emissions charges.

Evolutionary biologists have forecast for years that new human species would start showing up in Asia upon a closer look at fossilized bones in the region. A recent analysis of such fossils from south-west China seems to confirm the prediction.

China's foreign direct investment in February fell for the fourth straight month as companies tightened spending amid a slowdown in the world's second-largets economy and the ongoign European sovereign debt crisis.

The pair urged support for UN special envoy Kofi Annan in his bid to gather full Security Council backing for a resolution denouncing the crackdown by Syrian government forces on the opposition anti-Assad movement.

The U.S. cost of living probably increased last month on higher gasoline prices, economists said before Friday's CPI report. But the Federal Open Market Committee said earlier this week that the surge in energy prices is temporary and inflation will stay below the Fed's 2 percent target in 2012.

PepsiCo, Inc. might be associated with refreshing cola, but the company has hit a giant milestone with their popular “Banner Sun” potato chip brands. “The “Banner Sun” potato chips, which are comprised of Lay’s (U.S.), Smith’s (Australia), Walkers (U.K.), Elma’s (Brazil) and Sabritas (Mexico), have reached over $10 billion in global retail sales. The food company has been catering to chip taste preferences around the world, fueling their rising sales

The popular regional politician had been rumored to be in consideration for a promotion to the powerful Politburo Standing Committee ahead of a radical shake-up expected at the Communist Party's upcoming congress.

Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.