Middle East


China FX reserves fall almost $100B to lowest since May 2012 Sunday, February 7th, 2016

BEIJING, (REUTERS): China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows. China's foreign reserves fell $99.5 billion to $3.23 trillion in January, the lowest level since May 2012,..

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China’s Five Military Commands To Have Own Army, Air Force Thursday, February 4th, 2016

China’s newly formed five military commands are expected to have their own army and air force, while naval forces are not likely to be deployed by all five commands. China has established five military theatre commands and have disclosed the location of their army headquarters, Global Times..

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China urges restraint over North Korea rocket launch

BEIJING, (AP): China's Foreign Ministry on Wednesday called for all sides to show restraint over North Korea's announcement that it plans to launch a rocket in defiance of U.N. sanctions. Ministry spokesman Lu Kang also expressed skepticism over calls by the U.S. for tough new sanctions against..

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Snow strands ‘nearly 100,000’ in China’s Guangzhou Tuesday, February 2nd, 2016

BEIJING, (AFP): Nearly 100,000 Lunar New Year travellers in China were stranded in the city of Guangzhou, police said, as snow and ice disrupted the world's largest annual human migration. Many trains to the capital of the southern province of Guangdong were delayed after north and central China..

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China firm accused of fleecing investors of $7.6B Monday, February 1st, 2016

By GERRY SHIH, BEIJING, (AP): Police arrested the maverick founder of China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State media outlets reported the arrest of Ding Ning and 20 of..

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China shares slip as economic pulse sluggish

BY SAMUEL SHEN AND PETE SWEENEY, SHANGHAI, (REUTERS): Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months. The Shanghai Composite..

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China strongly condemns US for sending warship near island Sunday, January 31st, 2016

BEIJING, (AP): China strongly condemned the United States after a U.S. warship deliberately sailed near one of the Beijing-controlled islands in the hotly contested South China Sea to exercise freedom of navigation and challenge China's vast sea claims. The missile destroyer USS Curtis Wilbur..

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4 Chinese miners rescued after 36 days trapped underground Friday, January 29th, 2016

BEIJING, (AP): Rescuers on Friday pulled out four miners who had spent 36 days trapped underground in a collapsed mine in China, state media reported. The gypsum mine in east China’s Shandong province collapsed on Christmas Day, killing one and leaving 17 missing, including the four survivors...

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US, China spar over North Korea, South China Sea Wednesday, January 27th, 2016

BEIJING, (AP): The United States and China sparred Wednesday on how to deal with North Korea's latest nuclear weapons test and ease rising tensions over territorial disputes in the South China Sea. After meeting for more than four hours in Beijing in what they both termed "constructive" and..

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The Insanity of Austerity Sunday, October 13th, 2019

As finance ministers gather in Washington, DC, for the International Monetary Fund and World Bank Annual Meetings, most of the world’s population is bearing the burden..

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