CHINA

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China raises interest rates again

China's central bank increased interest rates for the third time this year on Wednesday, making clear that taming inflation is a top priority even when as the economy slows gently.
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Asian stocks ease, euro fragile as risk rally pauses

Asian stocks were off to a weak start while the euro remained fragile on Wednesday morning after Moody's slashed Portugal's credit rating to junk status and as investors take a breather after the past week's rally in risky assets.
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Get Sterilized, Win a Car in Rajasthan, India

In an attempt to counter high population grown in Rajasthan, India, health officials in the western state are launching a new campaign encouraging men and women to volunteer for sterilization
Transformers: Dark of the Moon

'Transformers: Dark of the Moon' Sees World in 3D

Transformers: Dark of the Moon also known as Transformers 3, which began its assault last Tuesday night, smashed its way through box office records by Monday with global gross receipts nearing $400 million, but not yet opened in Japan or China.
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Wall St set to drop at open after five-day run

Stock index futures were poised for a slightly lower open on Tuesday before factory orders data and after stocks had their best week in two years last week, leaving the market primed for a decline.
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Euro zone growth slows, orders dry up: PMIs

European services growth slowed in June in the face of sluggish new orders and rising interest rates, giving firms less optimism about the year ahead, business surveys showed on Tuesday.
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Fujifilm aims to be world No. 3 in cameras

Japan's Fujifilm aims to become the world's fourth largest camera maker by next March and the No. 3 manufacturer two years later, overtaking first rival Samsung and then Nikon, a senior company executive said.
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Market up slightly after week's sharp gains

Stock index futures were slightly higher on Monday before factory orders data and as traders returned from a long holiday weekend after the S&P 500's extended winning streak last week.
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Chinese local debt understated by $540 billion: Moody's

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.
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Shares stabilize; euro off 1-month high

World stocks steadied below a recent 4-1/2 month high on Tuesday while the euro fell as worries about further monetary tightening in China and caution over the euro zone and U.S. economic outlook made investors hesitant.
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China to buy Facebook Stake, Microsoft to Help Baidu: Should We Worry?

There haven't been any radical political or administrative changes happening in China, recently. Nor have there been any reports that said China is reconsidering its Internet censorship regulations. The country notorious for jailing bloggers and blocking Web sites, including Facebook, Twitter and YouTube, is planning to buy a significant chunk of Facebook's stake, according to a BusinessInsider report.

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