The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
The first Briton on board the International Space Station, Tim Peake, has been giving his initial impressions of space during a news conference. He arrived on the space station just three days ago with two other astronauts, one from Russia ...
The latest changes to China's forex market management will increase yuan volatility and boost trading volumes, according to a leading Chinese investment firm. From Jan. 4, closing time for China's interbank foreign exchange market will be ...
Tags: Forex, Trading Volume
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
The decision by the International Monetary Fund (IMF) to confer the reserve currency status on China's renminbi (RMB), "is good news," a former Chilean diplomat said. "It's good news because it acknowledges the role that the Chinese ...
Tags: RMB's Upgrade, Reserve Currency
A listed Chinese herbal medicine maker on Thursday said its compound flu formula has received approval from the U.S. Food and Drug Administration (FDA) for clinical tests. The decision has paved the way for Chinese herbal medicine to ...
Tags: Chinese Herbal Medicine, FDA
China is going to be the third-largest contributor to UN regular budget 2016-2018, with its assessed contribution accounting for 7.9 percent, said a senior Chinese diplomat Wednesday. The Chinese contribution to the total UN membership ...
Russia and India vowed on Thursday to enhance military, nuclear and anti-terror cooperation in a bid to promote their "privileged strategic partnership." "Large serial production of anti-ship missiles for India has begun," Russian ...
Tags: Military, Nuclear, Anti-terror
Syria has said it's ready to take part in peace talks in Geneva and hopes that the dialogue will help the country form a national unity government. Syrian Foreign Minister Walid al-Moualem made the statement on Thursday during a visit to ...
The General Administration of Customs (GAC) said Thursday it has intensified crackdown on smuggling of rare animals and plants through 2015. Customs authorities nationwide discovered 160 smuggling cases from January to November, seizing ...
Tags: Customs, Wildlife Smugglers
Japan's Cabinet has approved a record-high military budget for fiscal 2016. The 5 trillion yen, or 42 billion U.S. dollar plan marks the fourth consecutive year that Japan has increased its defense budget. This is the first defense ...
International industry experts say China's property market needs more government support if excess stock in the housing sector is to be reduced. Experts say much residential housing has left empty over the past few years, creating a major ...
Tags: Property Sector, Excessive Supply
The Ukrainian Parliament on Thursday passed a bill amending the country's tax code system, thus fulfilling one of the key requirements set by the International Monetary Fund (IMF) to continue allocation of financial aid to the eastern ...
Tags: Tax Reform
China on Thursday donated mine clearance equipment to Cambodia and start-up funds to the ASEAN Regional Mine Action Center. The 500,000-U.S. dollar donation included office equipment worth about 250,000 dollars to Cambodia, and start-up ...
21 Dec 2015 Tobacco giant Philip Morris has lost its fight against the plain packaging laws that it claimed would threaten the intellectual property of its brands. The company behind Marlboro, Peter Jackson and Longbeach cigarettes has ...
Tags: Philip Morris, Tobacco, Packaging