An accident on an oil drilling platform in the East China Sea caused the structure to lean at a 45-degree angle and trapped dozens of workers.

Vodafone Group Plc’s $6.6 billion sale of its stake in China Mobile Ltd. is the biggest divestment since Chief Executive Officer Vittorio Colao took charge in 2008. Investors want to know what’s next.

A leading indicator of Japanese business investment rose more than expected pace in July, but the government warned the yen's sharp rise was encouraging companies to shift spending overseas.

Questions about the rigor of recently completed stress tests imposed on European banks dragged down global stock markets and drove up borrowing costs for several European nations.

Prime Minister Putin invited 50 foreign guests to dinner this week and told them he was conscious of the risk that Russia's autocratic political system could concentrate too much power in one man.

India long has had trouble acquiring land to build the infrastructure and industries essential for continued rapid economic growth. Now its own ruling party is increasingly opposing developments.

French workers staged a nationwide one-day strike to protest against a planned rise in the retirement age in a challenge to Sarkozy's economic policy.

Despite a big depreciation in the pound over the past two years that should have made British-manufactured goods cheaper for foreign buyers, its exports haven't risen rapidly.

Gen. David Petraeus, anticipating a continued high level of violence in Afghanistan, said he wants to overhaul how the U.S. measures progress in the months leading to an Obama administration war-strategy review.

Global banking regulators appear poised to demand larger reserves, which they believe will prevent a future financial crisis, and reserves of higher quality, under so-called Basel 3.

Malaysia, the world’s largest market for sukuk, plans to improve its legal system to become an alternative location to the U.K. for resolving international Islamic finance disputes.

UBS AG, the largest Swiss bank, hired Stephen Pak from Credit Suisse Group AG to head a team that introduces Asian hedge funds to potential investors after losing staff to rivals and new entrants.

More and more companies see a lucrative business opportunity in supplying religiously sanctioned food to the growing ranks of young, professional Muslims in France, who want to eat Western food that is halal.

Nigeria will hold its presidential election in January, giving the oil-rich nation only four months to register voters and untangle its notoriously corrupt electoral system.

A U.N. official told the Security Council that U.N. peacekeepers charged with protecting civilians failed to prevent armed rebels from raping 242 women in several eastern Congo villages five weeks ago.

Two U.S. soldiers were killed and nine others wounded when a man wearing an Iraqi army uniform opened fire during a meeting inside an Iraqi army compound in the town of Tuz Khurmato, north of Baghdad.

South Korea will seek to temporarily close the local branch of an Iranian bank as part of joining U.N. sanctions. The move could disappoint U.S. officials if not accompanied by stronger measures.