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China Auditing Office Uncovers $1.1B Misappropriation in Power Grid Project

Jun 17, 2014 02:10 AM EDT

China’s National Audit Office (NAO) uncovered a $1.1 billion (CNY6.7 billion) fund misappropriation in a major trans-regional power grip project in the country.

China Inc Overtakes US as World’s Top Borrower –S&P

Bianca Ortega |

Jun 17, 2014 01:08 AM EDT

China’s corporate bond market overtook the US as the world’s top borrower, set to take up one-third of the world’s company debt needs in the next five years, ratings agency Standard & Poor’s said.

Nick Clegg Says China is Guilty of ‘Large Scale’ Human Rights Abuses

Bianca Ortega |

Jun 16, 2014 04:28 PM EDT

During Premier Li Keqiang’s visit to London, British deputy Prime Minister Nick Clegg said China is guilty of “very large scale” human rights abuses.

Gunmen Kidnap Two From Malaysia’s Borneo Island

Bianca Ortega |

Jun 16, 2014 03:58 PM EDT

Gunmen kidnapped 32-year-old Malaysian fish farm owner and a Filipino worker from Borneo island today, according to Malaysian police.

Owner Sets Cliffhanger Mansion on Fire

Bianca Ortega |

Jun 16, 2014 03:52 PM EDT

Homeowner Rob Webb set his luxury cliffhanger mansion in Texas on fire because it had been dangerously hanging 75 meters above Lake Whitney after a large chunk of ground gave way under the abandoned house.

World Cup 2014: Chile Clinches 3-1 Victory Over Australia

Bianca Ortega |

Jun 14, 2014 11:01 AM EDT

Chile surprised the world after a 3-1 victory over Australia during the World Cup 2014 in Sao Paulo, Brazil.

Police Arrest Chinese Human Rights Lawyer Pu Zhiqiang

Bianca Ortega |

Jun 14, 2014 09:39 AM EDT

Police have arrested prominent Chinese human rights lawyer Pu Zhiqiang in Beijing as part of the ruling Communist Party’s mission to punish those who criticize the government.

China Refutes Vietnamese, Philippine Accusations Over South China Sea Spat

Bianca Ortega |

Jun 14, 2014 09:10 AM EDT

Chinese envoy Wang Min forcefully refuted the accusations that Vietnam and the Philippines have thrown against China over the South China Sea territorial disputes during the United Nations Convention on the Law of the Sea (UNCLOS) held on Friday in New York.

Univision Conducts Potential Sale Talks with CBS, Time Warner

Bianca Ortega |

Jun 13, 2014 01:49 PM EDT

Univision Communications Inc engaged in potential sale talks with CBS Corp, Time Warner Inc, and other media firms in its bid for an exit, sources familiar with the situation said.

World Cup 2014: What’s In It for Investors?

Bianca Ortega |

Jun 13, 2014 07:58 AM EDT

The World Cup 2014 in Sao Paulo, Brazil is bound to produce negative results for investors, based on opinions of the locals, but some analysts predict that it could produce positive results for the country if it triggers long-term structural changes.

Michael Jordan Becomes a Billionaire After Upping Stake in Hornets

Bianca Ortega |

Jun 13, 2014 05:09 AM EDT

Basketball legend Michael Jordan reached the billionaire status after upping his stake in the Charlotte Hornets from 80% to 89.5%.

Spurs Wipe Out Heat in NBA Finals Game 4 to Take 3-1 Lead

Bianca Ortega |

Jun 13, 2014 03:39 AM EDT

The San Antonio Spurs wiped out the Miami Heat in the NBA Finals Game 4 with a final score of 107-86 to take a 3-1 series lead on its way to Game 5 on Sunday in San Antonio.

China’s Supreme Court Overturns Death Sentence in High-Profile Rape Case

Bianca Ortega |

Jun 13, 2014 01:52 AM EDT

China’s Supreme Court reversed the death sentences for two suspects in a high-profile kidnapping and rape case on Thursday, causing the public to burn with fury and to lambaste the judge who overturned the ruling.

World Cup 2014: Sao Paulo Strikes May Lead to Chaotic Opening Day

Bianca Ortega |

Jun 12, 2014 01:05 PM EDT

The World Cup 2014 is about to begin tomorrow, and Sao Paulo, Brazil is still riddled with workers’ strikes, creating traffic stasis in the city, which may lead to a chaotic opening day for the football tournament.

World Cup 2014: Official FIFA World Cup App Now Available for Free Download

Bianca Ortega |

Jun 12, 2014 05:35 AM EDT

Fans can now stay connected with the latest updates in the upcoming World Cup 2014 by downloading the official FIFA World Cup app, which features live coverage of all 64 games, for free.