The Chinese government`s news agency Xinuha announced Thersday that the 3 largest commercial banks in China have sustained hundreds of millions of dollars in loss, due to the strengthening of the local currency the Yuan.

`PSP on TV` from Sony, the new device which allows owners of Sony PlayStation Portable consoles, or PSPs, to play on any television or projection screens they choose, has released the first official photos online.

While emphasizing that Wal-Mart?s main customer target remains the so-called ?rural? base, Wal-Mart?s Vice Chairman John B. Menzer said in a conference on Tuesday that Wal-Mart is seeing positive results since it began to offer products geared toward blacks, Hispanics, baby-boomers and even high-income customers.

Patrick Swayze, 53, most known by his "dirty Dancing" entertainment performace, has joined several of Mel Gibson`s celebrity friends who are defending the actor, who was arrested while driving drunk and at this condition blamed Jews for the world`s wars.

A decree by Egyptan President Hosni Mubarak that effectively postpones local elections by extending the terms of thousands of political allies of the president for two years drew an angry response this week from the Muslim Brotherhood, Egypt`s largest opposition group.

People say that you can find everything you want on eBay. The online auctions web giant has millions of active auctions featured all the time and it is said that people can offer and buy anything.

When Phil Mickelson realized a birdie on the par-5 final hole at Baltusrol would allow him to win the PGA Championship and validate him as a major force in golf, his spirits soared.

Wayne Rooney`s long 10-game scoring drought came to an end Saturday, when the Manchester United striker scored a hat trick in his team`s 4-0 victory over Bolton

The Environmental Protection Agency, in conjunction with the Federal Bureau of Investigation, are investigating reports of improper repairs made by employees of oil companies that own the transatlantic Pipeline.

In an industry where a woman?s body is sometimes her only ticket into the world of glamour, it is refreshing to note that not all stars feel that way.

Following it`s erstwhile ally North Korea`s claim of a nuclear test at the beginning of the week, the People`s Reoublic of China has taken a sharper tone than ever before with the regime of Kim Jong-Il, and as part of its diplomatic efforts after North Korea`s nuclear testing Beijing has sent an envoy - Tang Jiaxuan - to the United States.

While gas prices in the United States have forced many Americans to consider dropping their cars for bus passes, Japanese automaker Toyota has still managed to record a healthy profit. What`s more, the company believes it will post by March 2007 a profit of 17.8 billion dollars.

A co-anchor of ABC`s "World News Tonight" broadcast and an ABC cameraman suffered serious head wounds Sunday in a roadside bomb attack in Taji, north of Baghdad. An Iraqi soldier was also wounded in the attack. The wounded ABC team was stabilized at a military hospital, and then later flown to Germany for further medical care the network said in a statement.

Recent polls of business leaders in the U.K.`s capital have revealed that three out of four do not believe that London?s transportation sector is any safer today than it was last year. Two-thirds of these business leaders also believe that another Islamic terrorist attack upon London is inevitable.

The $21 billion acquisition ? which includes the assumption of debt ? is believed to be the largest takeover of a privately held industrial company, according to news sources.