NEW YORK - World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years.
BEIJING/LONDON - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder".
FRANKFURT/DETROIT - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc .
HONG KONG - China's Focus Media Holding Ltd, a Carlyle-backed company that was delisted in the United States after short-seller attacks, aims to relist on the market through an acquisition by communications equipment maker Hedy Holdings .
BEIJING - China will open a high-speed rail line to the North Korean border on Tuesday, state news agency Xinhua said, the latest effort to boost economic ties despite tension between the countries.
WASHINGTON - The White House is considering applying sanctions against companies and individuals in China it believes have benefited from Chinese hacking of U.S. trade secrets, the Washington Post reported on Sunday.
TOKYO - Japan's Ministry of Defense is seeking a fourth straight annual military budget hike to help fortify the country's far-flung island chain in the East China Sea, close to ocean territory claimed by Beijing.
SHANGHAI - 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. | Video
SHANGHAI， - China's yuan firmed on Monday after the central bank set a stronger guidance rate while it also appeared to continue using state-owned banks to support the Chinese currency, traders said.
BEIJING - China faces a "formidable task" to clean up its rivers and lakes and needs a fundamental change in attitudes to prioritize the environment over economic development at all cost, vice premier Wang Yang said.