Germany's Allianz SE (ALV.XE, ALIZF, AZSEY) wants to become the leading foreign insurance company in China, management board member Manuel Bauer said, according to a report published Saturday on Handelsblatt's website.

French Industry Minister Arnaud Montebourg will start talks on the future of Steel giant ArcelorMittal's (MT, MT.FR) Florange steel plant, "very quickly", according to a statement from the minister's office issued late Friday.

Reliance Industries Ltd. (500325.BY) may invest up to a billion dollars over the next few years into its aerospace business, a company executive said Saturday, taking on conglomerates such as Tata Sons and the Mahindra Group for a part of a sector that holds high revenue potential.

Remember when news reports claimed that actress Lindsay Lohan supposedly owed $600,000 in credit card debt and was having trouble paying it off?

India's Reliance Industries Ltd. (500325.BY) is expected to invest close to $1 billion over the next few years into its new aerospace business and recruit around 1,500 staffers for it, the Economic Times newspaper reported Saturday, citing unnamed executives close to the development.

BHP Billiton Ltd. (BHP, BHP.AU) has informed outsiders that a decision to proceed with the proposed A$30 billion (US$31.3 billion) expansion of its Olympic Dam mine will be delayed by two years, the Weekend Australian newspaper reported on its website Saturday, citing documents it obtained.

LIMA, Peru--Southern Copper Corp. (SCCO, SCCO.VL) said second-quarter net earnings decreased to $565.3 million, compared with $660.1 million in the year-earlier quarter, on lower sales.

Ma Zengyu scored 16 points and Miao Lijie added 12, leading China to a 66-57 victory over the Czech Republic in the Olympic women's basketball opener.Gao Song and Chen Nan each chipped in 10 points for the Chinese, who never trailed after the Czechs scored the game's opening basket but couldn't put

The Opening Ceremony is probably still winding down on TV somewhere in Hawaii, but it's Day 1 at the 2012 Summer Olympics in London, which means it's time for the first real installment of our What To Watch series.

Albanian weightlifter Hysen Pulaku tested positive for a banned steroid, forcing him to withdraw from the London Olympics.Pulaku tested positive for stanozolol on July 23, and already had been dropped from the Albanian Olympic team before the results were announced