The Obama administration will propose lowering the top income-tax rate for corporations to 28% from 35% but would raise overall tax revenue by eliminating dozens of deductions.

U.S. stock futures traded almost flat with investors reluctant to press further gains after Dow industrials briefly topped the 13000 level for the first time since 2008.

Chinese Internet users are in an uproar after the mayor of Nagoya told a delegation from Nanjing that he doubted Japanese soldiers had committed atrocities during their World War II occupation of the city.

The French government confirmed that a French photojournalist and U.S.-born war correspondent have been killed in Homs.

Business activity in the euro zone contracted unexpectedly in February, reviving fears that the region is heading for recession.

Alibaba Group plans to take its publicly traded Alibaba.com unit private in a $2.3 billion deal to shore up the business-to-business portal.

Demonstrators armed with iron rods, wooden sticks and stones rampaged through Kabul as outrage spread over the U.S. military's burning of copies of the Quran.

Julia Gillard's government was tipped into crisis when Kevin Rudd unexpectedly resigned as foreign minister, setting up a possible leadership challenge.

Surveys and visa numbers show that members of China's wealthy elite are heading for the exits in search of things money can't buy in China: cleaner air, safer food, better education for their children.

China Telecom is making the iPhone 4S available on its network—good news for Apple, more-nuanced news for China Telecom.