China starts to reshuffle engineers of economic boom
China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation.
Apple to open first Hong Kong store this quarter
Apple Inc said on Tuesday it will open its first Hong Kong retail store this quarter and is targeting another Shanghai store opening by the end of the year.
Toshiba in talks over Westinghouse stake: source
Japan's Toshiba Corp is in talks with Shaw Group over the U.S. company's 20 percent stake in nuclear power plant company Westinghouse Electric Co, a person familiar with the matter said.
Greece may Ask for Second Bailout to Expire Earlier: Report
Athens may ask its euro zone partners that its second bailout, agreed by EU leaders in July, expire a year earlier than currently planned because of a higher than expected deficit, newspaper Kathimerini said on Tuesday.
W. Bank's Zoellick says double-dip recession unlikely
The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday.
Asian Stocks Slide Again amid Euro Zone Worries
Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Global stocks slide again amid euro zone worries
Asian shares and the euro fell on Tuesday, gold jumped to a fresh record while European stocks appear set to slide further on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
China growth may slide below 9 percent in 2012: FX regulator
China's economic growth in 2012 may drop below 9 percent for the first time in a decade, a senior Chinese foreign exchange official said on Tuesday, underlining the gloom in Beijing over the deteriorating health of the global economy.
Swiss to deliver some bank data over tax row: report
Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion, a newspaper reported on Tuesday.
'My Chemical Romance' Fires Drummer for Stealing
New Jersey alternative rock band, My Chemical Romance, fired their drummer, Michael Pedicone, claiming that he was caught stealing from the band.
'The Help' Wins Box Office, Summer Hits Record
The maids of The Help didn't take the Labour Day weekend off. The surprise summer hit held firm at the top of the domestic box office for the third straight week with $19 million in ticket sales
Dell to Partner Baidu to Develop Tablets, Mobile
Dell Inc said on Tuesday it will partner China's top search engine Baidu Inc to develop tablet computers and mobile handsets.
Rupee Weak as Global Econ Woes Hit Euro, Asian Peers
The rupee dropped for a second straight session on Tuesday in tandem with weakness in the euro, Asian peers and local shares as worries over global growth deepen.
Cabinet Approves Land Reform Bill
India's cabinet approved on Monday a bill to reform land acquisition, aimed at giving farmers a better deal while helping fast-track industrialisation in Asia's third-largest economy.
Dell to partner with Baidu for tablets, mobiles
Dell Inc plans to partner with China's top search engine Baidu Inc to develop tablet computers and mobile phones, targeting the Chinese market now dominated by Apple Inc and Lenovo devices.
BSE Sensex Falls 0.5 pct on Weak Asia
The BSE Sensex fell 0.5 percent on Tuesday, tracking Asian peers that fell on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
'Monster' Wildfires Devour Texas: 500 Homes Destroyed in Bastrop [Photos]
Firefighters tried to contain a raging wildfire that engulfed thousands of acres of drought-stricken areas of Texas on Monday. At least 476 homes were destroyed in a massive Bastrop County fire that raged into second day after erupting on Sunday, said state officials on Monday.
China Economy May Grow Below 9% in 2012: FX Rgulator
China's economic growth may ease to below 9 percent in 2012, partly due to a weak global economy, a senior Chinese foreign exchange official said on Tuesday, backing market expectations that the world's No. 2 economy is set for a mild easing.
China economy may grow below 9 pct in 2012: FX regulator
China's economic growth may ease to below 9 percent in 2012, partly due to a weak global economy, a senior Chinese foreign exchange official said on Tuesday, backing market expectations that the world's No. 2 economy is set for a mild easing.
Toshiba in talks to hike Westinghouse stake: report
Japan's Toshiba Corp is in discussions to buy out U.S.-based Shaw Group's 20 percent stake in nuclear power plant company Westinghouse Electric Co, the Wall Street Journal reported, in a deal that would erase all American ownership of the 125-year-old Westinghouse.
U.S. Banks Offered Deal over Lawsuits: Report
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
Australia banks face tight timeline on global capital rules
Australian banks will need to meet new global capital rules ahead of the internationally agreed timetable under proposals made on Tuesday, although the move is unlikely to force any of them to raise any new equity immediately.
Iranian Internet users were victim to spying-report
About 300,000 Internet users in Iran have been spied on last month by one or several hackers who stole security certificates from a Dutch IT firm, a report presented by the Dutch government said on Monday.
NASA To Launch Twin GRAIL Spacecraft to Measure Moon’s Gravity
The moon has fascinated mankind for centuries and has been studied by humans for hundreds of years, but Earth's natural satellite is still shrouded in many mysteries.
Stock futures down 2 percent, following Europe selloff
Stock futures tumbled more than 2 percent on Monday in electronic trading, hit hard after European markets slumped on renewed fears the euro zone's sovereign debt crisis is worsening.
Australia wants banks to meet new global rules in 2013
Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.
Temasek hires Merrill SE Asia investment bank head
Singapore's Temasek Holdings has hired a senior Bank of America-Merrill Lynch investment banker, part of a reshuffling of the top dealmaking team at the state investor.
Asian shares fall amid euro zone, banking worries
Asian shares fell and the euro slipped on Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Bank of Japan to stand pat but wary of yen spike
The Bank of Japan is expected to refrain from easing monetary policy this week, with the yen's retreat from its record high and a resilient stock market allowing it to save for later its limited options to support the fragile economy.
Former News Corp executives to face hacking committee
Four former executives from News Corp's UK newspaper arm will appear before a powerful parliamentary committee on Tuesday in the ongoing hunt to establish who knew what about phone hacking and whether James Murdoch did enough to uncover the scandal.