CHINA

China Hijacking

China's First Plane Hijacking in 22 Years Foiled

Authorities are refraining from calling it terrorism, but the hijackers -- subdued by passengers -- were aboard a flight in a region of Western China where Muslim Uyghur separatists are active

China's Space Race: 3 Astronauts, Including First Woman, Return To Earth After Shenzhou 9 Manned Historic Dockings

Three Chinese astronauts, including the first woman, returned to Earth after their manned spaceship successfully docked to another craft in orbit. The Shenzhou 9 space capsule safely parachute landed about 10 a.m. Beijing time Friday in Inner Mongolia, an autonomous region of the People's Republic of China, following a 13-day mission that marked a major stride in China's ambitious space program.
Asian Markets

EU Summit Proposals Lift Asian Stock Markets

Asian stock markets rallied Friday as sentiment was buoyed after leaders at the European Union summit in Brussels agreed on important plans to tackle the region's debt crisis.
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Syrian bomb blast

Bombs Rock Syria's Judicial Headquarters

Two bombs exploded Thursday in the parking lot of Syria's Palace of Justice, according to the country's state television, which reported plumes of smoke billowing up from downtown Damascus. The official media organ blamed the attack on terrorists.
Asian Stocks

Asian Stock Mostly Higher; Summit Doubts Cap Gains

Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.
International Business Times Logo

Vietnam Condemns 'Illegal' South China Sea Oil Bid

Vietnam has decried China's plan to open up disputed areas of the South China Sea to oil exploration as illegal, ratcheting up tensions between the two communist neighbors over maritime borders and natural resources.
Bank of China

Bank Of China Opens In Taiwan, Offers Billions In Loans

State-controlled Bank of China (Hong Kong: 3988) opened its first branch in Taipei Wednesday in the first arrival of a mainland bank in Taiwan and plans to increase lending to local businesses, China Daily reported.
Chile and China

China Is Making A Big Splash In America's Backyard

Latin America and China are closer than ever, and Prime Minister Wen Jiabao is touring the continent with a bucketful of money. Everybody wins? Some critics are skeptical
Best Buy bags U.S. mobile venture, axes UK chain

Best Buy Preps For Cautious China Re-Entry

Best Buy Co. Inc. (NYSE: BBY) is returning to China, but this time the world's largest electronics retailer is returning as a smaller version of its previous self.
Chinese Yuan

Profits at State-Owned Chinese Companies Decline

Higher costs and a spike in taxes are squeezing the bottom line at China's state-owned companies, the Xinhua news agency reported on June 15, driving down profits and slowing down the rate of growth in operating income.
Weibo

Shanghai Metro To Riders: Don?t Dress Too Sexy

Dress too sexy and you?ll get harassed. That?s the message the Shanghai Metro told its riders last week on the popular Twitter-like micro-blogging site Weibo.
Turkish President Abdullah Gul arrives at the NATO Summit in Chicago

Why Is Turkey In NATO?

NATO was first formed in April 1949 with twelve original members, two North American nations and twelve European states located either in Northern or Western Europe. Turkey entered with the first enlargement in 1952 - before even Germany.

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