Shanghai overtook Singapore as the world's busiest container port in 2010, helped by continuing growth in Chinese trade and the business generated by the World Expo it hosted last year, the city government said.
China's economy grew by around 10% in 2010, with retail sales up 18.5%, showing that it is now relying more on domestic consumption, Vice Premier Li Keqiang said in remarks published on Saturday.
Annette Bongiorno, one of convicted swindler Bernard Madoff's longest serving employees charged in the massive fraud, made bail on Friday and said she looked forward to drinking "real milk" at home.
A Canadian man already convicted of involvement in the world's deadliest bombing of an airliner was sentenced on Friday to nine years jail for lying when he told a court he did not know details of the bombing conspiracy.
Open dissent within the US Federal Reserve this year could set it up for damaging outside criticism, raising the stakes for new Fed voters tempted to take a stand against Chairman Ben Bernanke.
US presidents aren't the only ones who make surprise visits to troops in Afghanistan. "The Fighter" Mark Wahlberg made his own trek to the war-torn country in December, but with little media attention that typically follows dignitaries and Hollywood stars.
Rising food prices will hit the urban poor hardest, a senior World Bank official said on Friday, denting growth in food-importing countries and benefiting farmers, but with stronger emerging currencies protecting some states.
US President Barack Obama's appointment of Treasury aide Gene Sperling as his new top economic adviser was the latest in a flurry of changes marking his biggest staff shake-up since taking office two years ago.
ArcelorMittal, the world's largest steelmaker, is set to list its stainless steel unit Aperam at the end of January or in early February, sources close to the matter said on Friday.
US regulators are considering using a three-part approach to determine if banks are complying with a ban on proprietary trading included in the new financial reform law, according to a Financial Times report.
US employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate.
French President Nicolas Sarkozy takes his campaign for greater global food price and currency stability to Washington next week when he seeks Barack Obama's support for France's goals as head of the Group of 20 powers.
Central banks must avoid letting their purchases of government debt be seen as a way to finance spending, rather than an effort to boost growth, a top Bank of Japan official said on Friday.
Hedge funds ended the year with double-digit gains but lagged behind the average stock market indexes and fell short of the average stock mutual fund's returns as well as their own more powerful rise in 2009.
Hewlett-Packard Co is naming a new executive to head up communications, bringing over a veteran from SAP AG.
The US economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday.
Ireland will resume borrowing as soon as investors feel more comfortable about its fiscal goals and prospects for other peripheral eurozone countries, the debt management agency said on Friday.
The recapitalisation of bailed-out insurer American International Group Inc is likely to close next week, a personal familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.
Tunisian police have arrested a rap singer who released a song critical of government policies as protests against President Zine al-Abidine Ben Ali's rule shook the North African nation, his brother said on Friday.
Britain plans to auction more radio spectrum in 2012 to mobile telecoms operators who need it to handle increasing amounts of data traffic, communications regulator Ofcom said in a draft annual plan on Friday.
India and Sri Lanka on Friday signed an agreement to restart sea ferry services shut down for nearly 30 years, the latest sign of resurgent economic ties since the end of Sri Lanka's quarter-century civil war.
France needs tough laws against industrial espionage to defend itself in a "war" for new technology intensified by the hunger of emerging economies like China, a legislator for the ruling UMP party said on Friday.
Nippon Steel Corp, the world's No.4 steelmaker, and Tata Steel said on Friday their USD 480 mn cold-rolled sheet steel joint venture will begin production in India by late 2013.
With political battles looming at home, President Barack Obama will pursue more accomplishments abroad this year, keeping foreign policy high on the agenda despite a main focus on fixing the US economy.
China's press watchdog said it will ban inexperienced journalists from reporting on securities and futures starting February, in an effort to protect the interests of investors, state news agency Xinhua said on Friday.