CHINA

S&P Downgrades U.S. Credit Rating; What Lies Ahead?

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The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.

China flays U.S. over credit rating downgrade

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The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone crisis.
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Apple hits NY stores with 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.
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Harbin denies Citron's claims, says not facing probe

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.
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Investors buy emerging market debt and gold-EPFR

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.
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Gold up, metals fall on 'deadly cocktail'

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.
Cyber Attacks: New Battle Front

Cyberattacks on UN, Others Traced to China

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.
Traders work on the floor of the New York Stock Exchange

Is U.S. Heading For Another Recession?

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.
Traders work on the floor of the New York Stock Exchange

Economy, Euro Zone Crisis Batter Stocks

World stocks sank for an eighth straight session of losses on Friday, with investors racked by worries about the slowing global economy and the dangerous spread of euro zone debt anguish into Italy and Spain.
China's Wang wins the women's 1000 metres final during the World Short Track Speed Skating Championships 2010 at Winter Sport Hall in Sofia

China Expels Olympic Champion Wang Over Brawl

China has kicked four-times Olympic gold medalist Wang Meng out of the national short track speed skating team and disqualified her from competitions for her part in a brawl with her team manager last month.
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China, Japan urge global talks on economic crisis

China and Japan called for global cooperation on Friday after a financial market rout signaled fear that Europe's debt crisis could spin out of control and the U.S. economy may slide into another recession.

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