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Turkey threatened military retaliation against Syrian forces near its border, as hostilities rose five days after Syria shot down a Turkish military jet.
The supervision of euro-zone banks should be transferred to a European overseer, possibly the ECB, top EU officials said.
Japan's lower house of parliament voted to approve a bill to double the national sales tax, handing Prime Minister Yoshihiko Noda his flagship policy for fiscal reform at the cost of a potentially divisive rebellion within the ruling party.
Lennar is in talks with the China Development Bank for approximately $1.7 billion in capital to jump-start two San Francisco projects.
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China plans to unveil new measures aimed at boosting the flow of its currency between Hong Kong and the mainland, with an announcement planned to coincide with President Hu's visit to the city beginning Friday.
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Coca-Cola aims to invest $5 billion in India by 2020 as it looks to raise its profile. CEO Muhtar Kent said Coke wants to "stay ahead of the curve" in the fast-growing nation.
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The Italian government moved to lend as much as $2.5 billion to Banca Monte dei Paschi as the nation scrambles to shore up a weak link in its banking system.
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Several people were arrested in multiple countries, including the U.S., for allegedly trafficking in stolen financial data, including credit cards and banking information, an FBI official said.
Here are the top business stories from today's Wall Street Journal Asia.
China plans to unveil new measures aimed at boosting the flow of its currency between Hong Kong and the mainland.
The government of China's central province of Henan has told banks to offer steep mortgage discounts to buyers of a first home in a move to boost the sagging property market.
Indian Prime Minister Manmohan Singh will take charge of the finance ministry after Pranab Mukherjee resigned as finance minister to contest the presidential polls next month.
Though Japan took an important step in addressing its dire fiscal situation by passing a bill to double the sales tax through the lower house, economists, and even the government, say it won't be enough to solve the problem.
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The Wall Street Journal's Japan Real Time (wsj.com/japanrealtime) this week looked at a controversial photo exhibit and a false alarm at a nuclear plant.
South Korea will stop importing Iranian crude oil indefinitely as of July 1 because European Union sanctions will cut off insurance services for shipments carrying Iranian crude oil.
France's government will increase the minimum wage by more than inflation this year for the first time since 2006, in the hope that stronger consumption will revive the country's ailing economy.
German and French consumers are undaunted by the euro zone's deepening fiscal crisis, but their Italian counterparts have slashed their spending in stores on growing pessimism.
Greece's new government picked Yannis Stournaras, a 55-year-old professor of economics, to be finance minister, replacing the previous nominee a day after he bowed out because of health problems.
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The Italian government agreed to lend up to $2.5 billion to Banca Monte di Paschi di Siena, Rome's first aid to banks in two years.
The U.S.-led coalition in Afghanistan reported a rise in insurgent attacks in April and May, indicating a Taliban comeback after months of declining activity.
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Gerald F. Seib: Wisconsin, Michigan, Minnesota and Pennsylvania voted big for Obama in 2008. Does Romney have a chance to pick them off this year?
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Scientists now estimate that about 280,000 people died in the H1N1 flu pandemic that swept the globe in 2009 and 2010, more than 15 times the toll previously recorded.
Apple brings a new addition to the MacBook family: The MacBook Pro with Retina Display is the first MacBook Pro to rely solely on flash storage and has an improved processor and graphics.
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Walt Mossberg answers a reader's question on whether to wait for Windows 8 before buying a college-bound student a laptop.
Managers are fighting an epidemic of grammar gaffes in the workplace, where looseness with language can create bad impressions with clients, ruin marketing materials and cause communications errors.
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Much of the attention during the prolonged employment crisis has been on high rates of joblessness among young people. Less noticed, but no less significant to economists, has been the plight of the middle-aged.
This index is compiled from the late edition of The Wall Street Journal distributed to East Coast readers. Images of section fronts are available after 5 a.m. ET on the day of publication.
Commodities giants Xstrata and Glencore are under pressure to amend their proposed merger, valued at nearly $60 billion, as it is becoming increasingly clear shareholders will block the current deal's terms.
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At some point, discussions about the quality of higher education in the U.S. come around to the subject of tenure. And the disagreement could hardly be more stark.
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