Carry trades at heart of China capital outflows: BIS
Heavy outflows of capital from China have mainly been a result of the unwinding of carry trades aimed at benefiting from rising interest rates and an appreciating yuan, the Bank of International Settlements (BIS) said on Sunday.
Delegate tells China parliament stock crisis 'destroying middle class'
A Shanghai representative to the National People's Congress (NPC) on Sunday lambasted China's market regulators for igniting a stock crisis that is "destroying the Chinese middle class", a rare rebuke for authorities during their biggest annual event.
U.N. delays vote on tough new North Korea sanctions at Russia's request
The United Nations Security Council delayed until Wednesday a vote on a U.S.-Chinese drafted resolution that would dramatically expand U.N. sanctions on North Korea after Russia said it needed more time to review the text, diplomats said.
Asia's oil markets in upheaval as China, India change the game
Asia's oil markets are being upended as India's and China's refiners overtake once-dominant buyers like Japan and challenge the United States as the world's biggest consumer.
U.S., China agree on draft North Korea sanctions resolution at U.N.: envoys
The United States and China have agreed on a draft resolution that would expand U.N. Security Council sanctions against North Korea over its latest nuclear test and hope to put it to a vote in the coming days, council diplomats said on Wednesday.
U.S. to boost freedom of navigation moves in South China Sea: admiral
The United States, which is worried by China's military buildup to assert dominance in the South China Sea, will increase freedom-of-navigation operations there, a senior Pentagon official said on Wednesday.
Russia warns Assad not to snub Syria ceasefire plan
President Bashar al-Assad was out of step with the views of his main ally, Russia, when he said he planned to fight on until he re-established control over all of Syria, Russia's envoy to the United Nations was quoted as saying on Thursday.
Iran offers no action in support of global oil pact
Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, making clear it wants to recapture the market share it lost during years of sanctions.
|
