CHINA

A Chinese submarine accidentally collided with an underwater sonar array being towed by a U.S. military ship, CNN reported on Friday, quoting an unnamed military official.

U.N. Security Council sanctions imposed on North Korea for its nuclear test may do little to change the ways of the reclusive state and could prod Pyongyang to stoke tensions with military moves, analysts said on Saturday.

U.S. President Barack Obama plans to pursue attempts to engage Tehran whether hard-line President Mahmoud Ahmadinejad or his moderate rival Mirhossein Mousavi ultimately emerges as the winner of Iran's election.

Half of China's bankers think that the current monetary policy is too loose, and 60% of bankers believe the monetary policy will maintain the status quo, according to a survey by the People's Bank of China (PBC) released on Friday.

The National Food and Drug Administration and Control (NAFDAC) of Nigeria said recently they have seized a large consignment of Chinese-made fake drugs labeled 'Made in India'.

China's U.N. ambassador, Zhang Yesui, said a U.N. resolution on North Korea passed on Friday demonstrated the firm opposition of the world to Pyongyang's nuclear ambitions and urged North Korea to end its nuclear weapons program.

Brazil’s mining giant Vale has started iron ore price talks with China, the company released on Friday, two days after it announced agreements with Korean and Japanese steelmakers.

The U.N. Security Council unanimously passed a resolution on Friday expanding sanctions on North Korea over its May 25 nuclear test, carried out in defiance of a previous resolution passed in 2006.

The U.S. government’s agency for international trade will determine by June 18 if certain tire imports from China cause or are threatening to cause market disruption to domestic tire makers and will transmit its findings to President Obama and the U.S. trade representative the next day.

The U.N. Security Council Friday unanimously approved expanded sanctions and a trade and arms embargo against North Korea over its May 25 nuclear test.

Germany will press G8 finance ministers to start working on how to return policy to normal after months of crisis at a meeting in Italy on Friday, although hopes the world economy has turned the corner are still fragile.

Private equity firms are expected to bid for Goodbaby Group after its top shareholder hired Morgan Stanley to sell its stake in China's largest baby stroller maker, sources said on Friday.

India represents a sixth of humanity and its giant economy may help reshape global business, but its place in the world is still hindered by the country's struggles to find stability in its own dangerous neighbourhood.

U.S. financial aid to carmakers and a number of stimulus packages adopted by other countries to fight the economic slowdown could distort global trade, a confidential European Commission report said.

A rejuvenated model range led by its new Golf VI hatchback helped Volkswagen outperform its competitors in May and grab more share of the world's car market, Europe's largest automaker said on Friday. Led by massive gains in Germany and China -- its two biggest markets -- group vehicle sales rose over last year's comparable month for the first time in 2009, gaining 1.5 percent t...

The U.S. energy bill may not pass until next year, which could also delay an agreement to extend the Kyoto Protocol on cutting global greenhouse gas emissions until 2010, experts said on Thursday.

China will limit the number of messages that a mobile number can send per day to battle rampant spam messages clogging cell phones, state media said on Friday.

Top PC names such as Dell and Hewlett-Packard could lose out in a spat over China's latest move to censor the Web, risking the wrath of U.S. and European consumers if they go along or losing ground in the world's No.2 PC market if they refuse.

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.3 percent by 6:00 a.m. ET.

A Chinese lawyer has demanded a public hearing to reconsider a government demand that all new personal computers carry Internet filtering software, adding to uproar over a plan critics say is ineffective and intrusive.

Oil prices slid toward $72 a barrel on Friday, as investors locked in gains from a near eight-month high settlement a day ago, but stronger-than-expected China factory output and retail sales data lent support.