IBT Staff Reporter

Tourist arrivals reach to 2.35 million in August, up 11.25 over the same month last year, Hong Kong Tourism Board said yestoday.

Cathay Pacific Airways announced Monday they got the apporvement of government to resume the passenger services in Shanghai with a daily service......

Shanghai property shares listed in Hong Kong became the focus of market yestoday affected by the news which top leader of Shanghai -Chen Liangyu was removed......

Renault and Nissan are making progress in talks with General Motors Corp about forming a three-way alliance but the outcome is still open, Carlos Ghosn said in a newspaper interview.

The former chief executive of one of the US's largest makers of paper products was sentenced to 15 years in prison after being convicted last year of engineering a $US300 million ($A400 million) fraud in a fruitless bid to save the failing company from bankruptcy.

Instead of borrowing cheaply in global markets, Gulf oil and gas firms are seeking to promote Islamic finance, according to a report from Reuters.

As the author CS Lewis once put it, 100 per cent of us die. But this statistic seems to be lost on many Australians, with too many bread winners punting on longevity, leaving them underinsured when it comes to supporting their families if they suddenly die, a new survey shows.

The pace of existing home sales in the United States fell for a fifth straight month in August and prices dropped from year-ago levels for the first time in 11 years, a US realtors group said.

More than 300 secret documents linked to the AWB kickbacks scandal are expected to start being released on Tuesday as the long-running Cole inquiry resumes its public hearings.

United Nations Secretary-General Kofi Annan urged the world's wealthy countries on Monday to “go the extra mile” to re-balance the rules of the trading system in favor of the poor.

Telstra is warning the forced appointment of former federal government spin doctor Geoff Cousins to the company's board could affect the sell-off of the government's final stake in the telco.

A proposed class action lawsuit filed against leading coffee retailer Starbucks on Monday by an independent coffee house owner claims that that the company abuses its monopoly position in the specialty coffee market to eliminate smaller competitors by using various means, including cluster bombing store tactics.

If only James Hardie Industries could pay compensation as fast it doubled its own directors' pay, disgusted victims advocate Bernie Banton lamented.

Oil prices fell below $US60 a barrel for the first time in six months on Monday amid signs of growing petroleum inventories and after BP said it had permission to resume working the eastern half of Alaska's Prudhoe Bay oil field.

Hard drive manufacturer Seagate Technology announced a 750 gigabyte drive on Monday, which will be shipping to digital video recorders (DVR) and digital entertainment device manufacturers for the next generation of DVRs.

Sony's next-generation playstation game console has been plagued with a number of delays, high-prices, and technical difficulties, however, the past weekend at this years Tokyo Game Show, the company gave gamers, developers, and investors a taste of what's to come.

The federal reserve bank issued a statement on Monday noting that the volume of syndicated credit has risen rapidly reflecting a rise of 15 percent in merger and acquisition activity over the past year while quality control has declined slightly over the last year.

Online markets can build more profitable business relations between China and Middle the East, told the CEO of a leading online exchange from the Middle East to an audience in Beijing at the China Internet Conference 2006.

UAE-based Abu Dhabi National Oil Company (ADNOC) announced on Monday that it would introduce a new cheaper fuel on October 8.

Young teenage consumers between the ages of 13 and14 not only spend $600-billion each year on products, they also talk often to their friends about the brands they buy, according to a new study.

AOL is being sued for its inadvertent leak of member search data this summer, accused of violating privacy as well as deceptive business practices.

Mercedes-Benz said on Monday it plans to offer its first BLUETEC diesel-powered versions of its M, R and GL-Class sport-utility vehicles in 50 US states at the beginning of 2008.

U.S. Internet advertising revenue rose 37 percent in the first six months of the year, hitting a record of nearly $8 billion, according to a study released on Monday.

Microsoft will unveil a new unified advertising strategy on Monday with the launch of Microsoft Digital Advertising Solutions.

Intel Omnicom Media Group have partnered to bring Internet-Delivered Ads to TVs.

Hackers are increasingly targeting home computer users, accounting for a majority of all attacks, a new study details.

Video game developer, Take-Two Interactive, and publisher Rockstar Games announced a new crime game on Monday, LA Noire.

Apple Computer released a new iteration Aperture 1.5, its post-production photography software on Monday, delivering new libraries and integration with software not previously supported.

Sony Corp. announced on Monday that is will reassign several executives to align its structure along its core consumer and semiconductor businesses and strengthen product development and quality.