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News
China says Apple unit underpaid $71 million in tax in 2013
A China unit of U.S. tech giant Apple Inc (AAPL.O) underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country's finance ministry, which comes as China toughens its stance on tax payments by foreign firms.
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Chinese premier seeks to quell global markets' China fears
China has fended off the major risks to its financial system while its economic prospects remain positive, Premier Li Keqiang said on Wednesday, as he tried to reassure global markets that Beijing can keep its economy on track and stock markets in check.
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Modi tells billionaires 'invest,' says China's pain is India's gain
Prime Minister Narendra Modi and his top economic team on Tuesday assured a group of billionaires that India could withstand global turbulence and China's economic slowdown, then asked them to open their wallets.
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U.S. and euro zone business improves, Asia a concern
Global manufacturing and service sector activity expanded in August at the same pace as in July, with both the U.S. and euro zone doing better than Asia, according to purchasing manager surveys.
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Putin's China visit fails to snag major project financing
Russian President Vladimir Putin's visit to China produced a clutch of new deals on Thursday, but failed to secure funding for vital infrastructure projects, underscoring the limits to a relationship Moscow casts as a counterweight to the West.
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Global stocks ease on China, Fed concerns; oil rallies
World stock indexes edged lower on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates, while oil prices rallied.
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China stocks slide as crackdown on speculators spreads, lose 11 percent in August
China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40 percent crash in the country's stock markets since June.
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Yemeni President Says Fighting To Stop 'Iranian Expansion'
Yemeni President Abd-Rabbu Mansur Hadi says his forces are battling Shi'ite Huthi rebels in the country to halt "Iranian expansion."
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