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Don't Brand Libya's New Government As 'Pro-West' Yet

Libya?s new ?liberal? government may distance itself from the West and from NATO, which helped rebels free the country from Moammar Gadhafi.

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.

Mac OS X Mountain Lion Gold Master Released: Major Features Of Apple's New Operating System

Five months after its unveiling in early February, Apple is finally ready to release its next-gen operating system for the Mac. On Monday, the company released the golden master of OS 10.8 Mountain Lion to developers so they can begin submitting their Mountain Lion apps before the platform launches on the Mac App Store later this month for $19.99.

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.

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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.

Worldwide IT Spending Will Surpass $3.60T Mark In 2012, But Global Tech Market Growth Stabilizing: Gartner

Worldwide spending on information technology is on track to surpass $3.6 trillion in 2012, a 3 percent increase from 2011 spending of $3.5 trillion, instead of a previously forecast 2.5 percent gain, according to research firm Gartner's revised 2012 IT spending outlook.

Asian Stock Markets Decline After China Trade Data

Asian stock markets ended lower Tuesday as a weak Chinese trade data stoked fears of a growth slowdown in the world?s second largest economy.

Traders work on the floor of the New York Stock Exchange

US Stock Futures Set To Decline Amid Global Economic Concerns

U.S. stock index futures point to a lower opening Tuesday, as weak global economic conditions and debt burden in the euro zone continued to drag down the investor sentiment.

Indian Stocks, Rupee Up On Mixed Global Cues

Amid the mixed global cues, Indian markets opened on a positive note Tuesday morning.

Crude Oil Futures Decline On Norway Strike Halt, Weak China Data

Crude oil futures declined Tuesday as the offshore oil and gas workers strike in Norway ended overnight after the government's intervention.

An employee counts yuan banknotes at a bank in Huaibei

China June Trade Surplus Widens On Weak Imports

China's trade surplus widened to $31.73 billion in June, up 42.9 percent compared to the same month in last year amid slower-than-expected growth in imports, raising concern that the world's second largest economy isn't doing enough to stimulate domestic demand and avert a slowdown.

A man walks past a board showing the closing price of Japan's Nikkei share average along with other countries stock price indexes outside a brokerage in Tokyo

Asian Stocks Fall On Global Economic Concerns

Most Asian markets fell Tuesday amid investor concerns about the intensifying debt crisis looming over the euro zone and the worsening global economic downturn.

Asian Shares Nudge Up As Investors Await China Data

Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite.

South Sudan: Not Fully Independent After One Year, But Asia Could Turn The Tide

Even the president of South Sudan recognizes that true independence has not been achieved, but China and Japan may help change that.

Intel To Pay $1B For 10% Of ASML; First Move Into Chip Equipment Sector

Intel (Nasdaq: INTC), the No. 1 chipmaker, said it would commit as much as $1 billion to acquire a preliminary stake of 10 percent in Dutch semiconductor maker ASML Holding (Nasdaq: ASML).

With New Jets Flying Off the Shelves, Aerospace Giants Push Suppliers To Ramp Up

Airbus and Boeing are ramping up their global supply chain efficiency to meet a huge number of orders.

Amazon Kindle Fire 2 Release Date: Nexus 7 Rival Set for August, Larger Screen Variant in Q4 [Report]

It seems Amazon is gearing up to strike back at Google's newly-released Nexus 7, with an improved Kindle Fire 2 tablet expected to launch on August 7, according to the China Times.

Angola's $3.5B, Chinese-Built Ghost Town

China is finishing a major housing project outside Luanda, paid for with oil, but nobody's buying. To do so, the average Angolan would need to work 160 years.

Japan May Gold Exports Fall To 15-month Low

Japan, World's Third Largest Economy, In The Stranglehold Of A Recession

Japan, which is still floundering from last year's earthquake-tsunami, is once again nearing a recession, economists say.

World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD

The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.

China: Tibet Theme Park Will Promote Harmony

Chinese authorities hope that a new $4.7 billion theme park will promote ethnic harmony and attract an additional 5 million tourists each year to the Tibet Autonomous Region, the Chinese name for Central Tibet.

Dovish FOMC Minutes, US Trade Deficit, China Q2 GDP: Economic Events For July 9-13

This week?s focus will be the June Federal Open Market Committee minutes, U.S. trade deficit and China's Q2 GDP.

Indian Schoolgirl Forced To Drink Own Urine As Punishment, But Some Believe Practice Is Healthy

Desai may have had the last laugh on all the naysayers; he lived to be 99 years old (in a country where the average life expectancy is only 64).

Piranha Attack In China: Three Red-Bellied Piranha?s Bite Two Men In River, Alien Species To The Area

Two men had quite a scare this weekend when they were attacked by three piranhas in China's Liujiang River.

Reliance Communications Offers 9.5-11.5 Percent Yield For GTI In Singapore

India's Reliance Communications has set a price range of over $1billion for its undersea cable unit's initial public offering in Singapore.

South China Sea Dispute Expected To Set Tone For ASEAN Meet

The territorial dispute in the South China Sea is expected to drive the talks during the 19th ASEAN Regional Forum (ARF) beginning Monday in Cambodia. The confrontational rhetoric between China and the U.S. over the South China Sea will also form the focus of the discussions that will be attended by top officials from the 10 member nations.

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