CHINA

China urged a stable transition of power in Libya Wednesday and said it is in contact with the National Transitional Council, in the clearest sign yet that Beijing has effectively shifted recognition to rebel forces.

Edward Zwick has signed on to direct Legendary East's first project, The Great Wall, the company said Tuesday.

Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.

Apple is getting ready to launch two phones, according to people familiar with the matter, confirming rumors that have run rampant for months which suggested another phone would join the launch of the iPhone 5.

A tax rebate on natural gas imports may accelerate China's purchases of liquefied natural gas, but only marginally given high prices for spot supplies and the nation's policy of using long-term contracts.

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.

China on Tuesday urged Libya to protect its investments and said their oil trade benefited both countries, after a Libyan rebel warned that Chinese oil companies could lose out after the ousting of Muammar Gaddafi.

China should diversify its huge foreign exchange reserves into non-financial assets to hedge against risks from a long-term decline in the U.S. dollar, Xia Bin, an academic adviser to the central bank said on Tuesday.

The eurozone could collapse if its member countries don't work together to solve its debt crisis, but China is pleased to see that Germany and France are cooperating to avert that risk, a Chinese vice foreign minister said in an interview.

Economic growth is stagnating in Europe and cooling slightly in China, according to surveys of business activity released on Tuesday, fuelling concern about the risk of a global slump as Western governments struggle to cope with their debt problems.

Apple Inc will release a cheaper iPhone 4 within weeks, jeopardizing profit margins to win lower-end customers from rivals such as Nokia in China and other emerging markets.

Joe Biden receives criticism for condoning China's One-Child Policy during his visit to China.

Billionaire Investor/Philanthropist George Soros has provided more thought-provoking commentary on the markets, and he says a U.s. double-dip recession is more likely now.

Thailand is home to thousands of people who were born in the country, but are not citizens. Most are members of Thailand's northern hill tribes who, without citizenship, are forced into lives of poverty.

Investors bullish on the oil market are getting support from the uncertainty in Libya.

Jon Huntsman said Monday that he would be willing to run for vice president as Michele Bachmann's running mate if he doesn't win the Republican presidential nomination. But would a Bachmann-Huntsman ticket be viable?

Motorsports a valuable laboratory for the Chevrolet Cruze nameplate..

While in Mongolia to enhance economic ties with the mineral-rich nation, U.S. Vice President Joe Biden was treated to a lavish celebration and was caught joking around with some Mongolian wrestlers.

A look at how the brawl happened and what transpired afterwards.

As the rumors around the iPhone 5 release date heat up, the market for Apple's next-generation smartphone could be well overheated.

Asian suppliers to Apple Inc (AAPL.O) have begun manufacturing a lower-priced version of its hot-selling iPhone 4 with a smaller 8 gigabyte flash drive, according to two people with knowledge of the matter.