IBT Staff Reporter

China's government bet big on shipping in the last decade. For a time, it paid off, even propelling the country to the world's top spot in shipbuilding. Now a major global slowdown is hurting the sector, and shipyards are in line for closure

China's growing hunger for the RV is providing further evidence for the theory that the Middle Kingdom is trying to become more American -- at least in its pastimes.

Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.

A school cafeteria in China's Shandong province may have attempted to serve whale meat to students -- an illegal act that came to light when the whale's carcass was discovered in the kitchen. It has since disappeared, and so has the cafeteria's manager

The Philippines say China has now deployed a large fishing and coast guard fleet to their disputed shoal in the South China Sea, but China says the development is in line with precedents.

2012 will be a historic moment in the shift of global power from the West to the East. According to expert estimates and figures on military spending, in 2012 Asia's spending on defense will eclipse Europe's for the first time in the modern era.

As European leaders struggled to hold the euro zone together at a nighttime summit in Brussels, a widening gap emerged between Germany and France, which are now under new management.

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

The Philippines is getting ships and assistance from other countries as it faces off against China, but it's still a far cry from matching Beijing's military capabilities

Hewlett Packard Co outlined a plan on Wednesday to lay off roughly 27,000 employees or about 8 percent of its workforce to jumpstart growth.

Google Inc's Android mobile platform has not infringed Oracle Corp's patents, a California jury decided, putting an indefinite hold on Oracle's quest for damages in a legal fight between the two Silicon Valley giants over smartphone technology.

An annual GDP growth rate of 8 percent would be an economic miracle in most of the world. In China, it has the government looking for ways to help the economy grow more -- but not by spending indiscriminately for stimulus plans.

Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis.

China will step up policy fine-tuning to support the economy, which faces increasing downward pressures, Premier Wen Jiabao said at a regular cabinet meeting on Wednesday.

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.

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.

Former Goldman Sachs director Rajat Gupta threw away his duties by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.

A Japanese rocket has successfully delivered a South Korean satellite, possibly designed for military purposes, into orbit. The launch occurs a little more than a month after North Korea's spectacular rocket failure in mid-April.

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

A strong earthquake rocked a large swathe of northern Italy early on Sunday, killing at least three people and causing serious damage to the area's cultural heritage.

Facebook co-founder and CEO Mark Zuckerberg wed longtime girlfriend Priscilla Chan Saturday, announcing the nuptials through a status update on the social networking site.

What will the Chinese Premier, a rare voice for humanism and liberal reform in China, leave behind as his legacy?

A wealthy Chinese criminal whose flight to Canada had embarrassed both governments for more than a decade was sentenced to life for bribery, smuggling, and tax evasion.

The Japanese government is asking businesses and homes to conserve electricity during the summer in order to avoid blackouts, but efforts to restart nuclear reactors continue to encounter resistance by political opponents of the national government.

Facebook may only have itself to blame for why General Motors rained on its IPO parade this week.

JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to be reined in by regulators or new laws.

Iran is threatening to seek legal action against Google for failing to use the term 'Persian Gulf' on its maps. The issue over name labels actually elicits strong nationalistic sentiments in the country.

Chinese water experts say that around 50 percent of the country's tap water may not meet national pollutant standards and that water quality in non-coastal cities remains seriously neglected.

Shares in South Korea's Samsung Electronics extended their heavy slide on Thursday, on speculation that arch rival Apple Inc is looking to cut its reliance on Samsung memory chips and turn increasingly to Japanese chipmaker Elpida.