The number of Americans filing new claims for unemployment aid unexpectedly edged higher last week, stoking fears of a stalled economic recovery even as a separate report showed record exports in April.
Vietnam has accused Chinese ships of harassing another Vietnamese vessel in the South China Sea.
Nokia said its technology chief was on indefinite leave after a media report of strategy disagreements, and a second credit agency cut its rating in another blow for the stricken phone maker.
China said it hoped the United States will take effective steps to improve its fiscal position, in Beijing's latest expression of concern about the possibility that Washington could briefly default on debt.
Nokia said its chief technology officer had taken a leave of absence and a Finnish newspaper said he was unlikely to return due to disagreements on strategy, a fresh blow for the struggling mobile phone company.
The top candidate to run the International Monetary Fund, French Finance Minister Christine Lagarde, said she backed a bigger say for China at the Fund while making clear that the euro zone crisis would be a priority if she wins the job.
The top after-market NASDAQ Stock Market gainers are: American Superconductor, Solazyme, Sterling Bancshares, Limelight Networks, and Amerco. The top after-market NASDAQ Stock Market losers are: Infinera, Dialogic, CDC Corp., Rovi, and Solta Medical.
The International Monetary Fund on Thursday urged China to allow the yuan rise further to rebalance its vast economy, and called for freer use of the currency in global trade and commerce.
Turkey opened its borders to anxious Syrian refugees Wednesday, keeping its word when Turkish Prime Minister Recep Tayyip Erdogan said his country would not close its doors to Syrian refugees.
French Finance Minister Christine Lagarde, a leading contestant of the chief job post for Indian Monetary Fund (IMF) chief post,said on Thursday, that she was very satisfied with her meetings with top Chinese officials.
Republican lawmakers are playing with fire by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China's central bank said on Wednesday.
McDonald's Corp reported a lower-than-expected rise in May sales at established restaurants as high gasoline prices crimped U.S. spending and Europe's economic woes weakened results from Germany.
A draconian order that requires all .kz domain names, such as google.kz, to operate on physical servers within the borders of Kazakhstan was issued last month by the country's Ministry of Communications and Information.
The Chinese military has confirmed that it is constructing its first aircraft carrier.
McDonald's Corp reported a lower-than-expected sales increase at established stores in the United States in May as high gas prices and unemployment crimped its business.
Tencent Holdings, China's most valuable Internet company, said on Wednesday it has invested into a fund that will support early-stage Chinese Internet firms.
At least 24 were killed as heavy rains wreaked havoc in southern and eastern China, forcing more than 100,000 people to evacuate.
Allowing a brief U.S. debt default to force government spending cuts is a horrible idea that could destabilize the world economy and sour already tense relations with big creditors like China, government officials and investors said on Wednesday.
Gap Inc is turning to women's designer Diane von Furstenberg to help sell baby and kids clothes as it tries to reverse fashion missteps that have eroded sales.
Finance Minister Pranab Mukherjee on Tuesday said that India is not supporting French Finance Minister Christine Lagarde's candidacy for the International Monetary Fund's top job.
Ford Motor Co is aiming to expand its presence in the fast-growing auto markets of India and China with an eye toward increasing the number of vehicles it sells per year by 50 percent by the middle of the decade.
The economy hasn’t looked so good recently. The housing market is double dipping, corporate profits are starting to disappointment, and last Friday’s jobs report was beyond horrible.
