CHINA

The Pentagon has cleared Taiwan to take a two-stage approach to buying up to eight diesel submarines in a move that could revive the long-stalled potential multibillion-dollar deal.

China's Nanjing Automobile Group, which took control of Britain's collapsed MG Rover last year, on Wednesday said it would build MG-brand cars in Oklahoma, making it the first Chinese automaker to assemble vehicles in the United States.

U.S. Secretary of State Condoleezza Rice said Iran's refusal to accept an international incentives offer to negotiate curbs on its nuclear programme will force major powers to decide on Wednesday to deal with the Islamic Republic at the U.N. Security Council.

As GM, Renault-Nissan prepare to pursue “exploratory” talks about a possible alliance, GM investors are wondering whether the partnership can benefit the world largest automaker, currently in the midst of a major restructuring.

Chinese Premier Wen Jiabao recently ended a seven nation tour of Africa on June 25 in a bid to improve economic, social and diplomatic ties between China and Africa.

China's efforts to defuse what experts have called its pension time bomb have created a multibillion-dollar opportunity for domestic and international fund managers.

In a rush to build shops, offices and houses worthy of a thriving economy, a new elite is emerging in India - young men asked to turn plots of family land into a property business.

U.S. stocks slid on Friday after another warning from a Federal Reserve official about inflation, giving investors more reason to think the Fed will keep raising interest rates.

Asian markets rallied for a second day Friday, recovering from a plunge Tuesday that sent stocks in the region to their lowest levels in months.

DuPont Co., the second largest U.S. chemicals maker, said its strong double-digit revenue growth in China would accelerate while it increased investment and manpower in its fastest growing market.

The Canadian dollar fell hard against the the U.S. dollar on Friday after China's central bank decided to increase its reserve requirement, which triggered concerns about future demand for commodities.

Toyota Motor Corp. will double Camry sedan production capacity at its joint venture with China in the province of Guangzhou to 200,000 units by the end of this year, according to Reuters.

Federal Reserve officials kept up their tough talk on inflation on Monday, bolstering expectations in financial markets that another rate increase is on the way at the Fed's policy meeting later this month.

Small cars were banned from Beijing's main roads less than a decade ago, as China's rulers worried that cheap, spluttering vehicles would clog lanes they hoped to fill with sleek modern autos.

Google Inc. is committed to doing business in China despite criticism the company has faced for abiding by Chinese government censorship restrictions, co-founder Sergey Brin said this week.

Dusty Dezhou was relegated to the footnotes of Chinese history for centuries, known mainly as the place where a Filipino king died.

Afraid of the consequences for growth and jobs, cautious Chinese policy makers show no appetite for radical tightening measures to cool the economy.

U.S. Treasury Secretary John Snow said on Friday he was confident the Federal Reserve will protect growth by keeping inflation in check, and denied the Bush administration was softening its strong-dollar policy.

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.

China Mobile (Hong Kong) Ltd., the largest mobile telephone provider in China, announced on Thursday that they and Google Inc. have been working together to bring internet search capabilities to China.

China’s yuan valuation broke through an important symbolic barrier against the dollar on Monday after the central bank lowered the mid-point of its currency just under the 8.0 yuan per dollar exchange rate.