Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
The United States and the Philippines kicked off 11 days of military drills in the South China Sea, an annual event that is especially significant as a territorial dispute between China and the Philippines enters its second week.
The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
As China continues to struggle through a major political scandal which has led to the purge of Bo Xilai, formerly one of the country's most visible and respected leaders, Premier Wen Jiabao used the opportunity to warn against corrupt behavior within the Chinese government.
KKR & Co. L.P. (NYSE: KKR), a global private equity company, plans to list precision engineering components manufacturer MMI International on the Singapore Exchange, reported the Dow Jones Newswires, citing three people familiar with the matter, as financial market conditions stabilize on the island nation.
Asian stock markets ended lower Monday as surge in Spain's borrowing costs renewed concern over the eurozone debt crisis.
In a joint military exercise, nearly 7,000 US and Philippine forces have begun South China Sea drills amid growing maritime tensions between Manila and Beijing over a disputed shoal.
New satellite images and data have proved that some glaciers on Asia’s Karakoram mountain range, a part of the Himalayas, have gained ice mass.
Asian stock markets declined Monday, following a slump in the US and European stocks last week on renewed eurozone concerns.
Samsung Electronics Co <005930.KS> said on Monday it would unveil the third-generation of its flagship smartphone Galaxy S on May 3 in London, banking on a heavy marketing campaign heading into the summer Olympics in the city.
Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
The principles of openness and universal access that underpinned the Internet's creation are facing their greatest-ever threat, the co-founder of Google Sergey Brin said in an interview published by Britain's Guardian newspaper on Monday.
Gu Kailai and Bo Xilai, an elite power couple in China, are at the center of a shocking political scandal involving the death of a British national.
Syrian government forces shelled Homs on Sunday, residents of the rebellious city said, as a six-person advance party of U.N. observers is due to arrive in Syria to monitor a ceasefire.
The U.S. Treasury Department said on Sunday that a wider yuan trading band could help reduce global trade imbalances if it allows more play for market forces.
China's weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world's second biggest economy has successfully steered a course past a hard economic landing.
Watch live coverage of the Chinese Formula One Grand Prix from Shanghai, plus read a full preview and prediction.
Discussions of Iran's nuclear program between the Islamic Republic on the one side and the so-called P-5 Plus 1 group -- Britain, China, France, Russia, and the U.S., plus Germany -- on the other side appear to have gone reasonably well in Istanbul on Saturday.
Live coverage of qualifying for the Chinese Grand Prix in Shanghai, plus a full preview and practice review.
The bears were on the prowl Friday, as negative economic news out of China, Spain, and the U.S. left global investors struggling to find safe places for their cash -- and the positive developments that did surface appeared to have little effect.
Months of saber rattling and diplomatic tension between Iran and the rest of the world have led to Saturday's nuclear talks, the first attempt at such negotiations since the last round fell apart 15 months ago. On Saturday, though, an unnamed diplomat told Reuters that the multilateral talks began with a completely different atmosphere than had occurred in previous meeting in early 2011.
Stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging.
