CHINA

General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.

The foreign exchange reserves of China shrank by $20 billion in Q4 2011, the first quarterly decline since 1993.

Apple's share of China's booming smartphone market slipped for a second straight quarter in October-December.

Oil prices moved higher in Asian trade Friday as tension between Western countries and Iran continued to intensify.

Apple Inc's share of China's smartphone market slipped for a second straight quarter in the fourth quarter of 2011 amid competition from Chinese vendors and as some consumers delayed purchases to wait for the iPhone 4S launch.

President Barack Obama will stay focused on China on Friday with an announcement of streamlined financing for U.S. exporters that compete against foreign firms that are afforded unfair advantages, White House officials said.

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

Vale , the world's largest iron ore producer, said on Thursday it is selling 80 percent of its ore using spot prices, nearly completing a historic shift to market-based pricing for the principal raw material used in steel.

The 193-nation U.N. General Assembly ratcheted up the pressure on Syrian President Bashar al-Assad on Thursday by overwhelmingly approving a resolution that endorses an Arab League plan calling for him to step aside.

China's top search engine, Baidu Inc, beat Wall Street's earnings estimates as its revenue grew more than 80 percent year-on-year in the fourth-quarter.

Jeremy Lin & Linsanity will grace the cover of Time magazine next week in yet another major ego boost for the breakout New York Knicks star.

The S&P 500 hit a nine-month high on Thursday, fueled by strong U.S. economic data and increased hopes for a deal on a Greek bailout next week.

Baidu, China’s equivalent of Google, reported fourth-quarter earnings rose more than expected due to heavier Internet use and sales.Baidu said net income rose 77 percent to $326.3

The Duchess of Cambridge is getting waxed.

Now that President Barack Obama must nominate a new President of the World Bank, he’s keeping his mouth shut, especially in an election year.

For Western businesses, doing business in China requires careful navigation of the cultural differences between China and the West.

Chinese dissident Web site Boxun has reported that Wang uncovered a plot by his former boss, Bo Xilai, and a senior government official, Zhou Yongkang, to seize power from Xi Jinping, heir-apparent to the reigns of Communist Party leadership.

According to the Xinhua news agency, Lu Jun -- a referee at the 2002 World Cup -- was sentenced by the Intermediate People's Court in the northeastern city of Dandong to five years and six months for accepting bribes.

India's economy, a paragon of development, has more than tripled over the past 20 years, fueling a growing middle class that has helped turn the world's largest democracy into an engine of the world economy and raised millions out of poverty. It is behind only China, in terms of population. But there is one shocking statistic India's economic miracle has not been able to improve: the number of children that are severely malnourished.

The S&P 500 hit its highest level in nine months on Thursday as the U.S. economy showed further signs of recovery and optimism grew that a Greek bailout deal would be agreed next week.