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Asian Stock Markets Fall On Slowdown Fears

Asian stock markets plunged Thursday as unexpected interest rate cut in South Korea fueled concerns over global economic slowdown and the Federal Reserve offered no strong hints about another round of quantitative easing.
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Asian Shares Flat After Release Of Fed Minutes

Asian shares barely budged Thursday as the U.S. Federal Reserve appeared to put off taking more aggressive stimulus steps until economic conditions worsen, offering investors few reasons to take risks with second-quarter earnings painting a globally gloomy picture.
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A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008.

OPEC Sees World Oil Demand Declining 11% Next Year

Economic slowdown in the U.S., China and emerging markets, a rise in political tensions in the Middle East and Europe's debt crisis means oil consumption will not be rebounding anytime soon, according to the world's largest oil cartel.
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Asian Stocks End Lower On Dim Earnings Outlook

Asian stock markets mostly ended lower Wednesday, following declines on Wall Street Overnight, as concerns over corporate earnings outlook and euro zone crisis weighed on the sentiment.
Sheshan Catholic Seminary

Chinese Bishop Who Defied Government Is Detained

A recently ordained Chinese bishop has been detained after he resigned from his post at the government-run Catholic Patriotic Association, which oversees the state-sanctioned Catholic church in China.
Buildings seen in China

China Doesn?t Want To Be Hollywood East: Analyst

This year, nine out of 10 of the top-grossing movies in China came from overseas. Most of those, including Men in Black 3, Battleship and The Avengers, are Hollywood blockbusters, which are apparently ruling the Chinese box office at the expense of Chinese films.
Apple Sets New iPad '3' Release Date in China For July 20

Apple Sets New iPad '3' Release Date in China For July 20

Now that its legal dispute with Proview Technology over the iPad trademark is done and settled, Apple is free to sell the world's most popular tablet in the world's biggest market: China. And that's exactly what the company plans to do. Apple's new iPad, or the iPad 3, will finally be released to Apple Stores in China on Friday, July 20.
Logo of ASEAN

ASEAN Hammers Out Code Of Conduct In South China Sea, Seeks China's Nod

Seeking to resolve the territorial tensions in the South China Sea, the Association of South East Asian Nations (ASEAN) Monday hammered out the key elements of a code of conduct in the region which has been at the heart of recent maritime confrontations between China and the other nations in the Pacific.

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