CHINA

IMF Chief Warns World Economy Risks 'Lost Decade'

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The head of the International Monetary Fund warned on Wednesday that Europe's debt crisis risked plunging the global economy into a lost decade and said it was up to rich nations to shoulder the burden of restoring growth and confidence.
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An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks inch up, JSE declines

South African stocks inched to their highest close in seven sessions on Tuesday, rising 0.5 percent as banks and retailers rose on hopes a budget vote in Italy could help move the euro zone closer to resolution of its debt crisis.
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McDonald's key October sales top expectations

McDonald's Corp reported a bigger-than-expected rise in worldwide October sales at established restaurants as it continues to outperform competitors in an uncertain global economy.
Apple TV

A Full Blown Apple TV on the Way

A full-blown Apple Smart TV is in the works, according to the Steve Jobs' biography by Walter Isaacson that reveals Jobs wanted to create a television with a simple user interface.
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Wine Industry in China Set to Boom

The rapid economic development that China seems to be enjoying extends into investments in the production of red wine, particularly as a means to attain long-term profits.
International Monetary Fund (IMF), led by Managing Director Christine Lagarde, is poised to secure more than $400 billion in additional funds to backstop the euro zone sovereign debt crisis

IMF's Lagarde Joins China-Style Twittersphere

International Monetary Fund chief Christine Lagarde has joined a growing panoply of Western luminaries and celebrities such as Bill Gates and actress Emma Watson on China's most popular microblogging platform, Weibo -- and received a warm response.
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IMF's Lagarde joins China-style Twittersphere

International Monetary Fund chief Christine Lagarde has joined a growing panoply of Western luminaries and celebrities such as Bill Gates and actress Emma Watson on China's most popular microblogging platform, Weibo -- and received a warm response.
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Asian Shares up, but Italian Debt Worry Caps Gains

Asian shares rose Tuesday, but gains were capped by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
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China considers shrinking railway investment goal: report

China's annual investment on railway construction could fall to about 500 billion yuan ($78.7 billion) a year, retreating from ambitious heights mapped out in a plan for the sector that has struggled with high debts, an official Chinese newspaper said on Tuesday.
Russian Spacecraft crashed

Russia to Send Spacecraft to Mars

Russia is the latest country to ramp up their space exploration efforts. On Wednesday, Russia will launch a probe into space with a mission of collecting information on the Martian moon, Phobos.

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