World Business News

China may loosen overseas investment rules for private investors, the country's central bank chief said on Tuesday, less than a week after the government gave the go-ahead for pilot financial reforms in a coastal city.

Drivers hoping to slip the surly -- and traffic congested -- bonds of Earth moved a step closer to realizing their dream on Monday, as a US firm announced the successful test flight of a street-legal airplane.

US President Barack Obama vowed on Friday to forge ahead with tough sanctions on Iran, saying there was enough oil in the world market - including emergency stockpiles - to allow countries to cut Iranian imports.

Oracle Corp (ORCL.O) and Google Inc (GOOG.O) have reached an "irreconcilable impasse" in settlement negotiations in a high-profile intellectual property lawsuit and the companies' lawyers should prepare for trial, a U.S. magistrate judge ruled on Monday.