The most recent fake store in Kunming, China was stumbled upon by a 27-year-old American blogger living in the city, the capital of China's mountainous southwestern Yunnan province, complete with the white Apple logo, wooden tables and cheery staff claiming they work for the iPhone maker, while the Chinese government has launched an investigation into fake Apple stores that have popped up around the southwestern city of Kunming.
China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway operations and apologised for the accident which killed 39 people, state media reported on Tuesday.
As industry observers point to a September release date for the iPhone 5, surprising analysis shows that the previous iPhone is still selling strongly on U.S. carriers.
South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.
Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.
China?s State Oceanic Administration said that the Jiaolong submarine, 8.2 meters long, weighing 22 tons and carrying a three-man crew, reached a depth of 5,057 meters (about 16,500 feet) Tuesday morning, spending over six hours underwater.
The European Union defines High speed trains, also called Bullet trains for their appearance, with a speed limit of up to 250 kilometers per hour; while in the United States, Federal Railroad Administration identifies speed above 177 kilometers per hour for high speed trains.
A massive bloom of algae has spread to a size of almost 20,000 square kilometers in the waters off of China?s eastern coast, according to a report by the country?s state-controlled Xinhua news agency.
Global sovereign wealth funds are set to hasten investing the billions of dollars of cash holdings they have built up in a rebound from the 2008 financial crisis that has lifted their combined assets to a record.
Lochte impressed within 1 minute, 44.44 seconds, and Phelps took the silver within 1:44.79. Biedermann took the bronze in 1:44.88. It was Lochte's first win over Phelps at a big international meet.
Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.
Nissan Motor , the largest Asian automaker in China, plans to nearly double its annual sales in the country to 2.3 million vehicles by the end of 2015, the company said on Tuesday, as it accelerates its expansion in the world's largest auto market.
China's Sinohydro Group Ltd, the builder of the Three Gorges dam, plans to raise more than $2.5 billion in what could be mainland China's biggest initial public offering this year.
The top after-market NYSE gainers on Monday are: BancorpSouth, Hexcel, Wuxi Pharmatech, Helix Energy Solutions and E-Commerce China Dangdang. The top after-market NYSE losers are: STMicroelectronics, Unisys, Basic Energy Services, Lender Processing and Albemarle Corp.
Almost 200 sq miles of the Yellow Sea in China have been clogged by a massive invasion of a species of green algae called Enteromopha prolifera.
The Chilean miners who were trapped underground for 69 days last year have sold their life rights to producer Mike Medavoy, who will begin production on a movie about the 33 men this year.
The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.
Another impasse at the U.S. debt ceiling talks caused gold to touch new highs on Monday. Spot gold rose to a record $1,622.49 per ounce, an increase of 1.1 percent, as investors became nervous about the possibility of a U.S. rating downgrade. There are analysts who believe that irrespective of whether there will be a debt deal in the U.S. or not, gold will continue to rise higher, basically because of the residual weakness of the dollar.
China may have lost a 15 billion euro contract.
Two fake Apple stores shut down in Kunming while three others get to stay open.
Not for the first time, asset managers may be playing a high-risk game as they face the threat of a U.S. debt default without concrete contingency plans.
Policymakers worldwide oscillated between hope and confidence on Monday that U.S. lawmakers will break a debt impasse that threatens to trigger a default and up-end global financial markets.
