ECB's Noyer Slams Credit Ratings
European central bank policy maker Christian Noyer slashed credit rating firms on Tuesday over their role in European debt crisis.
HSBC: China May PMI Falls to 11-Mmonth Low of 52.7
HSBC's China Purchasing Manager's Index (PMI) dropped in May to an 11-month low of 52.7 from 55.2 in April, as output and new orders slowed.
Israel Storms Aid Ships, Leaving Ten Dead
At least 10 people have been killed after Israeli commandos have stormed a convoy of ships that were carrying aid to the Gaza Strip.
BP Oil Leak May Continue Until August: US Official
U.S. official said the Gulf of Mexico oil leak could continue until August after BP's latest attempt, known as "top kill" failed.
Japan Coalition Split over Approval of Futenma Deal
The Social Democratic Party dropped out of the three-party coalition in disgust over Mr. Hatoyama's failure to keep his promise to move an American marine base off Okinawa.
Ukraine Should Not Join NATO: President
Ukrainian President said his country cannot join NATO because the majority of the population oppose it.
Strike Shuts Honda's Four Chinese Plants
A strike at Honda Motor Co.'s transmission factory in southern China has forced the Japanese auto maker to shut all four of its Chinese joint-venture final-assembly plants.
Obama Presents New Security Strategy, Abandons Bush's Unilateralism
President Barack Obama has set out a new national security strategy described as a clean break with the Bush doctrine of unilateralism.
Russia to Probe Sinking of Korea Warship
Russia will send a team of experts to South Korea to study the results of an international probe into the sinking of Seoul's warship.
Europe Faces an Era of Government Spending Cuts
Following in the footsteps of Greece, Spain, Germany, France, Italy, the UK and Demark have all announced plans to significantly reduce their public deficits.
Foxconn Hit by 10th Jumping Death
Another employee of the Taiwan-based technology giant Foxconn fell to his death late on Wednesday at the company's plant in southern China
UN Climate Chief Urges "Clarity" for Future Negotiations
UN Climate chief urged governments to develop "greater clarity" on the future of the Kyoto Protocol, and pleaded developed nations to put their promised 30-billion-dollar climate fund in place.
North Korea Freezes Relations with South Korea
North Korea said on Tuesday it will sever all relations with the north and completely cut all dialogues or contacts until North Korean President Lee Myung-bak leaves office in early 2013.
Iran Threatens to Abandon Nuclear Deal
Iran threatens to abandon an agreement to export some of its nuclear material if the UN imposed more sanctions on Iran.
Britain Outlines Spending Cut Plans
Chancellor George Osborne outlined plans on Monday to cut 6.2 billion pounds from government spending to help reduce the budget deficit.
IMF Calls for Radical Reform in Spain
IMF issued a blunt warning to Spain, saying the country needs a radical reform of its ailing economy.
South Korea Cuts off Trade with North, Seeking UN Action Against Pyongyang
South Korea declared to sever trade with North Korea and deny North Korean merchant ships use of South Korean lanes and take Pyongyang to the UN Security Council.
China, S Korea, Japan Trade Ministers See Investment Pact in 2010
China trade minister said the three nations are conducting a joint research by governments, businesses and academic circles, and investment negotiations are also moving forward.
China's Sinochem to Invest $3Bln in Brazilian Oil Field
China's Sinochem Corporation agreed to buy a 40 percent stake in a greenfield Brazilian oil field for $3.07 billion in cash.
US Gary Locke Calls for Sino-US Cooperation on Clean Energy
US Secretary of Commerce Gary Locke on Friday called for clean energy cooperation between the two countries during his speech at Beijing's Tsinghua University.
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