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Chinese real estate reaches for new highs, top think tank warns for correction

A period of cooling home prices is expected in second half of year, think tank report says. Official at the Chinese Academy of Social Sciences says:"those who are using high leverage should watch out".

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China's IPO financing amount down by 80 pct y-o-y in 2016 H1

The first round of financing of new shares in A-share market for the first half of 2016 has ended. Statistics show there are 61 cases of IPOs in the A-share market in the first half with total amount of fundraising reaching nearly 30 billion yuan.

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Apple transparency report: over 1,000 government requests for user data

US authorities asked for user data from Apple accounts 1,015 times during the second half of 2015, according to figures the iPhone maker released Tuesday.

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1% people control world's wealth

Wealth inequality has grown to the stage where 1% people control world's wealth, or 62 of the world’s richest people own as much as the poorest half of humanity combined, according to the report "An Economy for the 1%".

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Nigeria defeats Mali to win FIFA U-17 World Cup title

​Nigeria defeated Mali with a 2-0 victory on Sunday in the final of 2015 FIFA U-17 World Cup held in Chile.

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Central bank to maintain policy despite inflation fears

China's central bank said Tuesday it will maintain prudent monetary policy in the second half of this year despite inflation concerns triggered by recent rise in the price of pork, the nation's staple meat.

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Foreign investment in S. Korea falls 14 pct in first half of 2015

Foreign investment in S. Korea falls 14 pct in first half of 2015

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Divergent housing market performance in large, smaller cities

With supportive policies targeted at the property sector taking effect, the housing market in China's metropolitans has witnessed a revival while recovery in smaller cities remains mild due to the size of inventories and other headwinds.

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Portuguese gov't to pay local councils 13,600 euros for every teacher laid off

​Portuguese city and town councils will be offered a bonus of 13,600 euros (169,660 U.S. dollars) for every teacher they can lay off, under a proposed pilot-project to decentralize education put forward by the country's Education Ministry.

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A weak Aussie economy to continue: report

​Australia's economy is expected to continue its weak trend for the rest of this year and into 2015, dragged down by falling commodity prices, an new economic report revealed on Wednesday.

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China's top aluminum producer incurs huge loss in H1

The Aluminum Corporation of China Ltd. (Chalco), the country's largest smelter of the industrial metal, posted a first-half net loss of 4.123 billion yuan (669 million U.S. dollars), a staggering increase of 3.53 billion yuan from a year earlier.

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Japan's April-Sept. current surplus up for 1st time in 3 years

Japan's current account surplus increased in the first half of fiscal 2013, up for the first time in six half-year periods, as trade deficit was overweighed by the growth in direct investment income, local media reported Monday.