CHINA

Chinese economists said the U.S. credit rating downgrade by Standard & Poor's poses great risk to financial markets and expect it to prompt China, the world's biggest holder of U.S. Treasuries, to accelerate the diversification of its holdings.

At a time when multiple fake Apple stores have been uncovered in China, Apple turned its attention on retail stores in the Chinatown section of Queens, New York, that sell cases and other accessories for Apple products like the iPhone, iPod and iPad, with a trademark lawsuit.

Apple Inc has won a temporary restraining order and preliminary injunction against several retail stores in the Chinatown section of Queens, New York, that sell cases and other accessories for Apple products, including the iPhone, iPod and iPad.

A South Korean SBS TV documentary team accuses Chinese pharmaceutical companies of selling dead baby pills as stamina boosters. The team reveals that the truth behind the dead baby pill is horrific and disturbing.

Groupon Inc said on Friday that it is cutting some underperforming staff at its Chinese joint venture Gaopeng.

Kaspersky and Symantec say Shady RAT isn't as big of a deal as McAfee made it out to be.

Chinese electric motor maker Harbin Electric on Friday denied any Securities and Exchange commission investigation against it, while responding to an allegation made by Citron Research in a recent blog post.

Groupon Inc said on Friday that it is cutting some underperforming staff at its Chinese joint venture Gaopeng.

Investors scrambling for cover during the U.S. deficit and debt ceiling talks and Europe's ongoing sovereign debt crisis sold stock funds and bought emerging market debt and commodities, data from EPFR showed on Friday.

Gold jumped more than 1 percent and metals market plunged on Friday as investors sought safe havens and fled riskier assets on worries over slowing global economic growth.

Procter & Gamble Co is likely to miss Wall Street earnings estimates this quarter as it has not yet pushed through all its price increases that are meant to help deal with higher commodity costs.

Honda Motor Co Ltd will recall 2.49 million cars, small SUVs and minivans worldwide, including its popular Accord sedan, to repair a software problem that could damage the automatic transmission.

Parts of China?s eastern coast have been placed on alert as severe typhoon Muifa approaches the Zhejiang and Jiangsu provinces, close to Shanghai.

A stock market decline won't hurt tech companies but could stall IPOs because tech is vital to the economy.

Chinese electric motor maker Harbin Electric on Friday denied any Securities and Exchange commission investigation against it, while responding to an allegation made by Citron Research in a recent blog post.

Over 72 organizations - including the United Nations, the Olympic committees and the U.S. government - have been hacked by China-based hackers for a half decade, according two security companies based in the United States.

The crumbling of mega-merger talks between Japanese industrial behemoths Hitachi <6501.T> and Mitsubishi Heavy Industries <7011.T> threatens a rare opportunity for Japan to improve its global competitiveness by consolidating century-old companies.

Apple has filed a trademark infringement lawsuit in U.S against fake identical Apple stores in China.

Stocks tumbled across the globe on Thursday amid growing worries about the U.S. economy and Europe's mounting debt problems, reviving fears of another deep recession.

Liverpool will be hopeful of doing away with their problem area at left-back after agreeing a fee with Newcastle United for the much-touted Jose Enrique.

Stock index futures pointed to a lower open on Wall Street on Friday, adding to the two-week slump as investors continued to sell, spooked by the prospect of another recession.