China Railway Group , the country's largest railroad builder, has dropped a plan to raise about 6.2 billion yuan ($966 million) via a share placement, the company said on Thursday.
Beijing should move rapidly to diversify its foreign exchange reserves, buying more euro and yen rather than dollar assets, after U.S. debt was downgraded by one rating agency, a paper run by China's central bank cited local banking sources as saying.
Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank <0939.HK>, sources with direct knowledge of the talks told Reuters.
The newest version of Apple Inc's popular iPhone has already hit the Chinese market -- the fake market that is.
Customs agents have seized three gallons of a chemical used to make the date rape drug GHB at Los Angeles International Airport amid a surge in illegal shipments of the intoxicant, authorities said on Wednesday.
In the eyes of the financial markets, Britain was supposed to be a model of successful, sustainable austerity and a safe haven in which the world's rich could buy houses and stash their savings.
The Treasury Department may be playing undertaker to the underwriter.
New blood test can determine the gender of a fetus at seven weeks
China released its first aircraft carrier, called the Varyag, on Wednesday morning local time for a sea trial.
A reorientation of Russia to East from West could be a complete economic game-changer.
The narrow U.S. escape from default and its credit downgrade have added to a perception that the United States is in decline, a view that could weaken Washington's influence abroad.
New research revealed that widely available blood tests that predict gender are extremely accurate. Furthermore, the tests work more than seven months before the baby is born.
World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.
Apple's market shares could double or even triple in the next few years, according to a new analysis.In a note to investors on Wednesday, Sterne Agee's analyst Shaw Wu called Apple's growth the "ultimate platform adopting story."
China plans to suspend new railway project approvals and launch safety checks on existing equipment to address growing public concern following a deadly crash between two high-speed trains last month, Premier Wen Jiabao was quoted as saying by state media Wednesday.
Oil led a rebound among commodities on Wednesday as investors went bargain hunting for riskier assets after the U.S. Federal Reserve promised to extend near-zero interest rates for two more years.
China launched its first aircraft carrier for a maiden run on Wednesday, a step likely to boost patriotic pride at home and jitters abroad about Beijing's naval ambitions.
World shares clawed back more ground on Wednesday as investors rattled by a run of heavy losses took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
China's first aircraft carrier -- which attracted worldwide attention among fears that the second-largest economic powerhouse in the world is rapidly bolstering its military powers -- set sail on Wednesday for its sea trial.
China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
China Mainly Blames US and India For 500,000 Cyberattacks Last Year
World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
