Detroit becomes largest US city to file for bankruptcy
Detroit has become the largest US city ever to file for bankruptcy, with debts of at least $18bn (£12bn).
Public trust crisis threatens China's nuclear power ambitions
As China pushes an aggressive expansion of nuclear power it is running into a major stumbling block - a breakdown of trust, post-Fukushima, in official assurances of public safety.
Iranian Economists Call For 'Civil Movement' To Counter U.S.-Led Sanctions
Three prominent Iranian economists have called for the creation of a "civil movement" against U.S.-led sanctions that have been imposed on Tehran over its nuclear program.
Renault-Nissan chief sees growth in Russian car market
Renault-Nissan boss Carlos Ghosn expects Russia's car market to overcome recent weakness and is aiming, with the help of Lada-maker AvtoVAZ (AVAZ.MM), to capture 40 percent of the market, he said in a newspaper interview.
China to adjust liquidity, keep credit growth steady
China's central bank pledged on Sunday to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in an apparent bid to soothe market concerns about tighter monetary conditions.
China warns of 'grim' trade outlook after surprise exports fall
China warned on Wednesday of a "grim" outlook for trade after a surprise fall in June exports, raising fresh concerns about the extent of the slowdown in the world's second-largest economy and increasing the pressure on the government to act.
Euro zone grants multi-billion euro lifeline for Greece
Greece secured a lifeline from the euro zone and the IMF on Monday but was told it must keep its promises on cutting public sector jobs and selling state assets to get all the cash.
Japan says faces increasing threats from China, North Korea
Japan faces increasingly serious threats to its security from an assertive China and an unpredictable North Korea, the defense ministry said in its first annual report since hawkish Prime Minister Shinzo Abe took office.
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