Nesat, a Category 3 typhoon hit the Philippines Tuesday, killing at least 18 people and causing heavy flooding that isolated parts of Manila.
China's largest Internet company Tencent Holdings Ltd plans to cooperate with American Express Co to provide cross-border online payments, a source said on Wednesday, as the country's electronics commerce sector grows rapidly.
Societe Generale has put up for sale its stake in Newedge, a futures and clearing brokerage it co-owns with Credit Agricole , a source familiar with the situation said on Tuesday, as the No. 2 French bank looks to shrink its balance sheet and sell risky assets.
Despite the worsening European debt crisis, forex services firm Faros Trading recommends investors to go long the battered euro against the surging U.S. dollar.
Typhoon Nesat killed at least 16 people when it made landfall in the Philippines Tuesday morning, and at least eight more were missing.
Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves.
The African regional trade bloc Common Market for Eastern and Southern Africa (COMESA) is considering issuing a regional infrastructure bond and is seeking advisers, a senior trade official said on Tuesday.
Africa is starting to appear on the radar screens of western retailers as they look for the next growth opportunity in emerging markets while having to cope with subdued consumer spending at home.
China is to set enter its own Space Age with the launch of its first independent space lab module.
The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
China and Pakistan have two very important similarities: a common enemy in India and fears over growing U.S. influence in South Asia.
In Shanghai, China, a subway train crash on Tuesday injured around 270 commuters after a signal failure on a track in central Shanghai caused two trains to collide.
Two subway trains collided in Shanghai on Tuesday injuring more than 270 passengers, 20 critically, prompting public anger two months after a crash between two high-speed trains and renewing concerns about China's aggressive rail building plans.
The local government in central China's Jiangxi province will tighten curbs on energy-guzzlers by charging higher electricity prices, amid a national drive for energy-saving and energy efficiency in the world's top energy consuming country.
Chinese social networking site Renren Inc said it would acquire online video sharing site 56.com for $80 million.
A fire at a plant belonging to Apple Inc supplier Foxconn Group in Shandong, eastern China, has been extinguished without casualties and there will be no impact on operations, said a spokesman for group's listed entity Hon Hai Precision Industry Co Ltd .
Kobe Steel Ltd , Japan's No.4 steelmaker, said on Tuesday it was in talks with China's Anshan Iron and Steel Group to jointly build a plant for high-strength automotive steel sheets in China, in a bid to tap growing demand for lighter vehicles there.
Fletcher Building Limited today announced that it will establish a new laminates plant to be built in China by its Formica business.
China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash.
Crumbling flood dykes in China decried as tofu dregs built by parasites. Erring bankers lashed as half-wits and crime accomplices. Special hotels for Communist Party elite dismissed as wasteful piles of golden splendour.
Pakistan, facing a crisis in relations with the United States, appears to be seeking more support from powerful ally China.
A recent Citigroup survey asked 1,800 consumers from the U.S., UK, and China what purposes their tablets served. Probably expected, most tablet wielders are browsing the web, checking email, or instant messaging.
