CHINA

China's property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, Standard and Poor's said on Tuesday.

Two subway trains collided in Shanghai on Tuesday, the Shanghai Metro said on its Twitter-like Weibo online account, without giving details as to whether there were any casualties.

China has put in place tighter controls over unauthorized exploration, mining, processing and sales of rare earth materials, calling them the country's 21st century treasure trove of new materials.

China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash.

An extremely violent typhoon hit the Philippines Tuesday, killing at least seven people and causing heavy flooding that isolated parts of Manila.

Lenovo Group Ltd, the world's No.3 PC brand, has entered into a $300 million venture with contract laptop PC maker Compal Electronics Inc in eastern China, the companies said, pushing their shares up sharply.

Typhoon Nesat pounded the Philippines' main island on Tuesday, lashing crop-growing provinces and bringing the capital to a near standstill as it disrupted power supplies and closed financial markets, government offices, transport and schools.

President Barack Obama said on Monday that Europe's debt crisis was scaring the world and eurozone leaders were not acting fast enough, underscoring concerns about the fallout for the U.S. economy and his own re-election chances.

Two top Federal Reserve officials on Monday defended the central bank's most recent effort to boost growth, and one suggested further steps may be justified.

Forty-two countries are close to agreeing an upgrade of their Global Procurement Agreement , a reform that could unlock tens of billions of dollars of commercial opportunities, and many times more if China gets on board, trade sources said on Monday.

Canada's energy minister shot back on Friday at Hollywood celebrities protesting a plan to build a $7 billion oil pipeline to Texas from Alberta in the first public indication that the protests are getting under Ottawa's skin.

Two top Federal Reserve officials on Monday defended the central bank's most recent effort to boost growth, with one suggesting further steps may be justified.

More Chinese police should use microblogs to give the public correct facts and release authorized information to dispel misunderstandings, the Ministry of Public Security said on Monday, in a new effort to counter critics of the government.

Gold will continue to serve as a hedge against risk on a longer-term basis despite recent falls, given the lack of other safe-haven assets to protect investors against global economic uncertainty, a manager at Stenham Asset Management said.

Liang passed a vetting procedure and is on schedule to join the 300-member committee by next October

The euro zone debt crisis is sapping consumer confidence and if policymakers do not take effective action soon the consequences will be felt the world over, retail executives warned on Monday.

Wall Street stocks were set to open about 1 percent higher on Monday on hopes euro zone policymakers were putting together new measures to help ease the region's debt crisis, but the lack of clarity on their potential effectiveness was seen keeping markets volatile.

Yahoo, afloat after the abrupt sacking of CEO Carol Bartz, has received “inquiries from multiple parties” interested “in a number of potential options,” remaining top managers told employees.

ST-Ericsson has revealed that HTC and China Mobile have announced the first smartphone on the planet to be based on NovaThor chipsets.

Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone.

Gold pared some of Monday's losses by midday in Europe but was still on course for its largest monthly slide in three years, as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default.