Firepower bristles in South China Sea as rivalries harden
In the early years of China's rise to economic and military prowess, the guiding principle for its government was Deng Xiaoping's maxim: 'Hide Your Strength, Bide Your Time'.
Now, more than three dec
EU's Spain bank rescue may bring only brief respite
Eurozone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and th
Rajat Gupta decides not to testify in own defence
Former Goldman Sachs Group Inc board member Rajat Gupta on trial over insider trading charges has decided not to take the risk of testifying in his own defence, two days after his lawyer said it was '
Retailers retrench as reform hopes dashed
India's largest supermarket operator Future Group is having a clearance sale: its financial service business and flagship clothing brand are gone, and more deals are in the pipeline.
Six months after
Muslim, Buddhist mob violence threatens Burma
Northwest Burma was tense on Monday after sectarian violence engulfed its largest city at the weekend, with Reuters witnessing rival mobs of Muslims and Buddhists torching houses and police firing into the air to disperse crowds.
S&P says India may lose investment-grade rating
Slowing GDP growth and political roadblocks to economic policymaking are just some of the factors pushing up the risk that India (unsolicited BBB-/Negative/A-3) could lose its investment-grade rating.
Eurozone agrees to lend Spain up to 100 billion euros
Eurozone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits
Obama, Clinton worth only chickens, camels: Qaeda group
A Somali Islamist militant group is offering rewards of chickens and camels for information on the whereabouts of President Barack Obama and Secretary of State Hillary Clinton, mocking the millions of
India frustrations send some foreign firms packing
Frustrated by a lack of opportunities in India, Germany's Fraport, the world's No. 2 airport operator, is shutting its development office in the country, the latest in a growing list of companies exit
Rajat Gupta likely to testify at own trial
Former Goldman Sachs Group Inc board member Rajat Gupta will likely testify in his own defence at the insider trading trial in which he is accused of illegally leaking corporate secrets to now-impriso