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China lays out its vision to become a tech power

China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…

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China lays out its vision to become a tech power

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U.S. Commerce Department to place restrictions on China’s ZTE

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply …

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U.S. Commerce Department to place restrictions on China’s ZTE

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VW chairman, CEO knew of defeat devices early: Bild

Volkswagen AG's current chairman and chief executive were alerted by the carmaker's former CEO to the use of illicit emissions-control software in the United States two weeks before the carmaker disclosed the scale of its manipulations, Bild am Sonntag reported, without citing the source of the information. Martin Winterkorn, who resigned within a week of Volkswagen's (VW) biggest-ever corporate…

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VW chairman, CEO knew of defeat devices early: Bild

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Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street

By Jonathan Spicer NEW YORK (Reuters) – A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress…

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Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street

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Global uncertainty, instability pose risk to China’s economic growth: NDRC

BEIJING (Reuters) – The global economy remains uncertain and unstable, posing a risk to China's economic growth, the country's top economic planner said on Sunday.

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Global uncertainty, instability pose risk to China’s economic growth: NDRC

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Asia stocks buffeted by China worries, North Korea nuclear test

Asian shares fell on Wednesday and most emerging currencies retreated as China allowed the yuan to weaken further, stoking fears about its slowing economy, while a North Korean nuclear test heightened geopolitical tensions. Souring sentiment toward riskier assets in turn lifted safe-havens such as the Japanese yen

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Asia stocks buffeted by China worries, North Korea nuclear test