CHINA

The teeming Chinese metropolis of Shanghai could become the world’s largest financial center in a decade, according to a report from KPMG and FTSE.

Xunlei Ltd, a Chinese Internet platform company in which Google has a small stake, decided to postpone its initial public offering of up to $200 million in the United States because of unfavorable market conditions, IFR reported on Friday, quoting a source with knowledge of the decision.

The Philippines on Friday announced that it will send its World War II vessel to a borderline part of the South China Sea after China headed its coastal patrol vessels in the waters.

The top after-market NASDAQ Stock Market gainers are: Warren Resources, MannKind Corp, Affymetrix, AutoNavi Holdings and Cathay General Bancorp. The top after-market NASDAQ Stock Market losers are: Research in Motion, China Finance Online, Merit Medical Systems, Mitcham Industries and Motricity.

Software widely used in China to help run weapons systems, utilities and chemical plants has bugs that hackers could exploit to damage public infrastructure, according to the U.S. Department of Homeland Security.

A breed of cyber pranksters known as hacktivists appears to be on a campaign to embarrass the U.S. government, but such types of attack are unlikely to breach the computer firewalls that protect important official secrets, independent analysts say.

The head of Ford Motor Co operations in Asia said on Thursday that the company will meet its ambitious goals for growth in China and India by greatly expanding its product offerings.

Chinese telecoms equipment manufacturer Huawei Technologies on Thursday rejected a U.S. government official's suggestion that its rapid growth was due to Chinese government financial aid.

China, the Philippines, Vietnam, Malaysia, and Brunei all claim territory in the Spratly Islands of the South China Sea, parts of which are believed to be sitting on huge deposits of oil and gas. So where are these islands and what do they look like?

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The United Nations and European Union are working to push Syrian President Bashar al-Assad to halt violence.

Passenger jet sales will reach $4 trillion over the next 20 years, Boeing predicted on Thursday as it hiked demand forecasts on the eve of the Paris Air Show.

Russia edged closer on Thursday to an elusive 30-year gas supply deal with China that could be worth up to $1 trillion to help power Beijing's booming economy and allow Moscow to diversify its exports away from Europe.

Ahead of the 90th anniversary of the Chinese Communist Party on July 1, China has closed off the former forbidden kingdom of Tibet to foreign tourists, travel agents said on Thursday.

Mexican Central Bank Governor and IMF-contender Agustin Carstens rebuked his European counterparts on Thursday for reneging on their promise to back a non-European to head the fund and vowed to give emerging powers more say if elected.

Pyongyang demanded today that Seoul repatriate nine North Korean nationals who defected to the South last weekend, according to Yonhap News Agency.

China must boost its cyber-warfare strength to counter a Pentagon push, the country's top military newspaper said on Thursday after weeks of friction over accusations that Beijing may have launched a string of Internet hacking attacks.

Stock index futures dipped on Thursday as global equities tumbled on worries that the lack of a deal on how to handle the Greek debt crisis could trigger disorderly market moves and crimp liquidity.

Mexican Central Bank Governor Agustin Carstens, who is contending to lead the International Monetary Fund, said on Thursday that he held fruitful talks with Chinese officials over his candidacy.

The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses, sources told Reuters on Thursday.