Shanghai metro officials said the subway crash in the city on Tuesday was the result of a power failure and manual error. The Metro company claims that controllers failed to follow proper protocol after the shortage.
China will officially begin its own Space Age on Thursday when the country will launch Tiangong-1, its first independent space lab module.
This week, China has plans to launch its first prototype of a future space station. Being the third nation to send a person to space, China leaves the rest of the world anxious for their launch event.
Typhoon Nesat's path drove it off of the Philippines and into the South China Sea on Wednesday, but many parts of the country are still unsafe.
Gold rose on Wednesday, gaining from investor unease over the lack of a solution to the European debt crisis that dented other more industrial raw materials, such as crude oil and copper, ahead of further possibly weak U.S. data.
Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves.
China is set to enter its own Space Age with the launch of its first independent space lab module this weekend.
Pakistan warned the United States on Tuesday to stop accusing it of playing a double game with Islamist militants and heaped praise on all-weather friend China.
Nesat, a Category 3 typhoon hit the Philippines Tuesday, killing at least 18 people and causing heavy flooding that isolated parts of Manila.
China's largest Internet company Tencent Holdings Ltd plans to cooperate with American Express Co to provide cross-border online payments, a source said on Wednesday, as the country's electronics commerce sector grows rapidly.
Societe Generale has put up for sale its stake in Newedge, a futures and clearing brokerage it co-owns with Credit Agricole , a source familiar with the situation said on Tuesday, as the No. 2 French bank looks to shrink its balance sheet and sell risky assets.
Despite the worsening European debt crisis, forex services firm Faros Trading recommends investors to go long the battered euro against the surging U.S. dollar.
Typhoon Nesat killed at least 16 people when it made landfall in the Philippines Tuesday morning, and at least eight more were missing.
Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves.
The African regional trade bloc Common Market for Eastern and Southern Africa (COMESA) is considering issuing a regional infrastructure bond and is seeking advisers, a senior trade official said on Tuesday.
Africa is starting to appear on the radar screens of western retailers as they look for the next growth opportunity in emerging markets while having to cope with subdued consumer spending at home.
China is to set enter its own Space Age with the launch of its first independent space lab module.
The long-beleaguered search engine company Yahoo! Inc. would probably be better off selling off pieces of itself rather than submit to a takeover in whole, given that the separate segments of the firm probably have more value than the sum of the individual parts. However, any such potential transaction won’t happen overnight.
China and Pakistan have two very important similarities: a common enemy in India and fears over growing U.S. influence in South Asia.
In Shanghai, China, a subway train crash on Tuesday injured around 270 commuters after a signal failure on a track in central Shanghai caused two trains to collide.
Two subway trains collided in Shanghai on Tuesday injuring more than 270 passengers, 20 critically, prompting public anger two months after a crash between two high-speed trains and renewing concerns about China's aggressive rail building plans.
The local government in central China's Jiangxi province will tighten curbs on energy-guzzlers by charging higher electricity prices, amid a national drive for energy-saving and energy efficiency in the world's top energy consuming country.