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Indian companies are coming under significant financial pressure as a result of weakness in the rupee, which is hampering their ability to service foreign currency debt, Standard & Poor’s (S&P) warned on Thursday. According to the ratings agency, half of the 48 companies in India with foreign...

China’s imports of crude from Iran rose to the highest level this year even as Western nations stepped up pressure to cut purchases of the commodity from the Persian Gulf nation. China, the world’s second-biggest crude consumer, bought 2.22 million tons of oil from Iran in May, according to...

China announced Thursday that it has developed a new engine for its new generation of carrier rockets, making it the second in the world to harness such engine technologies. The 120-ton liquid oxygen/kerosene high-pressure staged combustion cycle engine will provide an effective guarantee for...

In 2006, Foreign Affairs, among many other periodicals, proclaimed India to be “a roaring capitalist success story.” This story, we are now increasingly told, is over. The rate of growth in India’s gross domestic product has slowed to slightly more than 6 percent from the peak of about 10...

China's first deepwater pipe-laying crane vessel sets off from the coastal city of Qingdao, Shandong province, on Tuesday. The vessel is another part of the nation's expansion of offshore energy exploration. Hu Junchao/ Xinhua China's first deepwater pipe-laying crane vessel set off from the...

China has made its first supercomputer based on Chinese microprocessor chips, an advance that surprised high-performance computing specialists in the United States. The announcement was made this week at a technical meeting held in Jinan, China, organized by industry and government...

On August 24, the Pentagon released its annual report on China's military capability, harping on the same tone as usual that China's military is a threat. China is the most populous nation in the world with the third largest territory. As a victim of Western as well as the Japanese...

LASHKAR GAH, Afghanistan - Afghan officials said Sunday that NATO-led troops killed 14 civilians, all of them women and children, in the southern province of Helmand on Saturday night. It was one of the deadliest foreign assaults on civilians in Afghanistan in months. The commander of the...