ECONOMY

Insolvent trading is unlawful in most developed countries. If found guilty, company directors face severe legal and financial penalties.

The Americans continue to play silly buggers over their budget. It's fantastic stuff to watch. Especially if you're a 'Deal or No Deal?' fan, unlike us. Last night's episode ended with 'No Deal!'

To avoid paying a hefty $17.3 billion fine, South Korean tech giant Samsung offered to the European Union (EU) not to engage in a legal patent war with its rivals for five years.

The World Bank has cut its forecast for India's economic growth from 6.1 percent to 4.7 percent in this fiscal year, citing a sharp slowdown in manufacturing and high interest rates as the key factors driving down investment.

What he's referring to is that the supply of Australian housing should rise as prices do. He's worried about affordability for developers, not buyers. That's fair enough...if you want to ignore the other half of the supply and demand equation.

Effective summer of 2014, American Airlines will be flying direct to China from Dallas-Fort Worth International Airport.

A 94-year old Chinese woman has been afforded rights by a court in China on the legal action she slapped against her four adult children. Zhang Zefang had taken her children to court for abandonment because they refused to take care of her.

The 7.4 magnitude quake that struck Bohol island in the southern Philippines has not only damaged malls and ripped roads apart in the province, it has also caused massive damage to at least two historical churches.

Crumbling Asian stocks was a result of the U.S. stalemate. Consequently, this has also affected the Australian market.

Air Canada is now not just in the hot seat but may well ought to be inside a dog pen after how it handled the case of a dog that went missing from one of its supposed flights.

Losing a loved one to unexpected death is really heartwrenching, specially if it involved a newly born baby. But the parents of an unidentified UK baby decided to go the extra mile to donate their child's kidneys to a patient who badly needed it, in the hopes that someday they would be able to feel their child's presence again."

At the rate Chinese millionaires are being minted, the Asia-Pacific region is bound to seize the crown as the wealthiest in the world from North America by 2017, a Credit Suisse report said.

China, Europe Agree To $57 Billion Currency Swap Deal

Philippines Introduce Tax ‘Star Ratings’ For Restaurants

China is now the world's leading oil importer, surpassing the U.S. in September, according to latest data released by the latter's Energy Information Administration (EIA).

Australia’s very first F-35 underway its production in Forth Worth, Texas

Australia's unemployment in September may have gone down to 5.6 per cent from 5.8 per cent in August, but the drop was not a reflection of the change in federal leaders or an improvement in the economy.

Six workers of Japan's crippled Fukushima nuclear power plant have been directly exposed to leaking radioactive water. The Tokyo Electric Power Co (TEPCO), the plant's operator, on Wednesday said the unfortunate accident occurred due to carelessness when one of the workers detached a pipe connected to a water treatment system at the site.

AUST Market opens lower in the morning Oct 10, fell lower in the afternoon

New Zealand is expected to enjoy the strongest growth among the fastest-growing advanced economies in 2013 and 2013 based on the annual World Economic Outlook of the International Monetary Fund (IMF).

Member nations of the Association of Southeast Asian Nations (ASEAN) collectively agreed on Wednesday to share satellite data information that will monitor the haze development in each country in a bid to curb illegal fires and prevent its occurrence and spread in the region.

Based on the estimated median wealth of $219,505, according to the Credit Suisse 2013 Global Wealth Report released on Wednesday, Australians are the richest people in the world.

A marine mammal park has been set to be constructed and launched within five years in Taiji, in Wakayama Prefecture on the south-west coast of Honshu. Visitors will get to swim alongside marine animals whales and dolphins. However, there's something more - visitors can also eat the animals' meat, a project sure to catch the ire of animal lovers and protectors.

A looming national default may be on the horizon as the partial U.S. government shutdown remains causing the U.S. and other global market shares to decline. The shutdown is brought by a deadlock in U.S. Congress over "Obamacare" funding or the new healthcare law.

In what could be a major blow to U.S. plane maker Boeing (BA), Japan Airlines on Monday announced it has finally decided to purchase 31 A350 wide-body jets from Airbus, with a worth placed at $9.5 billion. Moreover, the purchase agreement between the two companies has options for a further 25 aircraft.

China's Web and online activity has been found to be heavily guarded, scrutinised and policed by two million people, according to a report by local Beijing News.

New Zealand Prime Minister John Key came to the defense of the country's tourism campaign, "100 per cent pure New Zealand," in a conference in Bali, Indonesia ahead of the APEC summit. In the tourism conference focusing on sustainable development, Mr Key said the 100 per cent pure campaign continued to be a success when it was first used to promote New Zealand in 1999.

What could have been a peaceful and relaxing week-long holiday for residents turned otherwise when northern China was again surrounded by fog and pollution on Sunday. The situation was so extreme that authorities had to suspend air flight operations as well as closed at least six expressways.

Japan's crippled Fukushima nuclear power plant is at it again, this time leaking 114 gallons of highly radioactive contaminated water into the Pacific Ocean.