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Asian shares turn higher as China rallies, dollar up

TOKYO - Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session.

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Greece says wants to make debt payments but needs aid urgently

ATHENS - Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week.

World, Greece 6:37pm EDT

Troubled Malaysia Airlines to be completely revamped: new CEO

KUALA LUMPUR - Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.

8:21am EDT

Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations

- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc , Ernst & Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities.

China invites private investors to help build $318 billion of projects

SHANGHAI - China's state planning agency on Monday released a list of more than 1,000 proposed projects totalling 1.97 trillion yuan ($317.75 billion) that it is inviting private investors to help fund, build and operate.

12:42am EDT

Alibaba's latest gambit in fighting fakes: foster local brands

PUTIAN, China - Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba Group Holding Ltd has been quietly piloting a scheme to try to curb fakes at source.

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