Geely said it will establish a 50-50 joint venture with its Volvo unit and create a China-only brand, bowing to regulatory obstacles over expanding the Swedish car brand in the country.

At least seven people were killed and dozens more injured as demonstrators attacked Afghan government and Western targets over the U.S. military's burning of copies of the Quran.

The French government said Marie Colvin, a correspondent for the Sunday Times of London, and photojournalist Rémi Ochlik were killed in the bombardment of Homs.

Robert Friedland, CEO of Ivanhoe Mines and one of the sector's most colorful moguls, is on the defensive in a squabble with industry giant Rio Tinto over a massive Mongolian copper-and-gold project.

As attention focuses on the few who first saw potential in surprise basketball standout Jeremy Lin, a Chinese sportswear company has drawn local headlines for spotting his talent – and taking out a trademark on his Chinese name.

The Obama administration will propose lowering the top income-tax rate for corporations to 28% from 35% but would raise overall tax revenue by eliminating dozens of deductions.

Switzerland outlined proposals to improve its standing as a tax-compliant financial center, including the requirement on banks to ensure foreign clients declare their tax obligations.

S&P cut Panasonic's long-term debt ratings, indicating the U.S. credit-ratings agency expects further difficulties for Japan's consumer-electronics sector.

Myanmar's transformation from pariah state to the next big thing has happened at light speed. Those looking to move in are finding a place ripe with potential, but riddled with potholes too.

Train maker China CNR said proceeds from its up to $1.13 billion rights issue will go toward upgrading technology in its high-speed trains and other products.