CHINA

Apple's control over design wins customers and also assures high profit margins

UNICEF has established World Breastfeeding Week, which began on Mon., to raise awareness about breastfeeding children, a practice that can reduce deaths in children under five by 13 percent.

Toyota Motor Corp slumped to its first quarterly loss in two years after the March 11 disaster virtually halted production, and the Japanese auto giant warned the stronger yen was hobbling it in the battle against South Korean rivals.

As Apple continues to maintain a tight-lipped approach toward the iPhone 5, analysts from major research firms continue to stoke iPhone 5-related expectations.

China's central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time when the authorities are still tightening policy to battle inflation.

Toyota Motor Corp raised its annual profit forecast to a level well below market estimates, warning the stronger yen was hobbling it in the battle against South Korean rivals as it races to restore quake-hit production.

Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.

South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.

The top after-market NASDAQ Stock Market gainers are: Gentiva Health Services, Sangamo Biosciences, LHC Group, Clearwire, and Cytori Therapeutics. The top after-market NASDAQ Stock Market losers are: Innophos Holdings, Texas Roadhouse, Siliconware Precision Industries, Ctrip.com International, and Meru Networks.

Toyota Motor Corp <7203.T> reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake on record hammered production and the yen's rise hit profitability on exports. The company raised its annual forecast.

South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.

More clues are piling up in regards to the release date of Apple's highly anticipated iPhone 5 set to hit the markets this fall. The latest news speculate that Target will be offering price drops on the iPhone 4 for five bucks if you trade in an old 3GS model. Customers can also purchase a 16GB iPhone 4 for $170 with a two year contract or go to Radio shack and get an iPhone 4 32GB model for $270.

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.

U.S. cattle futures set a two-week high on Monday lifted by a sharp drop in this week's cattle supplies and on news of active beef exports last week, traders said.

Alaska scientists have discovered the fossil of a rare, prehistoric marine reptile that is likely the most complete remnant of the creature ever found in North America.

Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.

Chinese Internet portal Sohu.com Inc's shares fell more than 11 percent on Monday, as a 37 percent rise in quarterly net profit failed to impress investors amidst falling gross margins and higher operating expenses.

Anyone who complains that WOMAD is "too safe" must have missed the mosh pit that appeared at the front of gypsy punk band Gogol Bordello?'s late Sunday set, where the frenetic dancing of the band's teenage fans briefly descended into cheerful anarchy.

High inflation and soaring real estate prices have thrown thousands of residents into dire straits.

South Africa's Purchasing Managers' Index (PMI) fell for the fourth straight month to a seasonally adjusted 44.2 in July from 53.9 in June, sponsor Kagiso Securities said on Monday.

Pakistan cannot afford to antagonize China.