US near loses its AAA rating

2011-07-26 06:36:04

The United States took a step closer to losing its coveted triple-A credit rating over the weekend as a impasse in Washington reduced hopes of an agreement to meaningfully cut the budget deficit.

Under debt shadow, Clinton to push Asia

2011-07-25 13:29:15

US Secretary of State Hillary Clinton will urge Asia to embrace "open, free, transparent and fair" global trade rules in a speech on Monday overshadowed by fears of a catastrophic US debt default.

James Murdoch under pressure over testimony

2011-07-25 11:28:02

News Corp executive James Murdoch was under pressure on Monday over his handling of a phone-hacking scandal that has hit the Murdoch family's media empire and could jeopardise his own position at the company.

SAFE: No direct forex loss from yuan's rise

2011-07-20 17:17:33

China's foreign exchange regulator reiterated Wednesday that an appreciation of China's currency renminbi will not directly result in a loss of the country's foreign exchange reserves.

Mongolian coal mining deal still discussed

2011-07-20 17:09:39

Negotiations over the development of Tavan Tolgoi, one of the largest coking coal deposits in Mongolia, are still underway, said a senior official of the mine's owner Erdenes MGL.

Chinese, Russian automakers form joint venture

2011-07-19 20:00:45

China's fifth largest automotive group, Beijing Automotive Group (BAIC Group), announced Tuesday the establishment of a joint venture with Russia's AMS Auto.

Europe leaders to meet on debt crisis

2011-07-16 08:57:36

Eurozone countries would hold an emergency summit next Thursday in a bid to handle the prolonged debt crisis in Europe, European Union (EU) president Herman Van Rompuy said Friday.

8 European banks fail stress test

2011-07-16 08:55:46

Eight out of 90 European banks have failed a crucial stress test and another 16 banks dropped in the danger zone, the European Banking Authority (EBA) said on Friday.

ConocoPhillips to split into two businesses‎

2011-07-14 19:40:10

ConocoPhillips, the nation's third-largest oil company, says it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire once the transaction is complete.

Temasek plays down China share sales

2011-07-07 10:32:56

Singapore's sovereign wealth funds Temasek Holdings has said its partial sale of stakes in China's state-owned banking giants Bank of China (BOC) and China Construction Bank (CCB) is part of its routine portfolio adjustment, a local daily reported on Thursday.

Facebook adds video calling, group chat

2011-07-07 07:27:23

Facebook is striking back at Google Inc, which last week introduced a social networking service dubbed Google+, launched a video-calling feature with Skype for its 750 million users. Google+ challenges Facebook in new battle