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Asia-Pacific to become wealthiest region

Asia-Pacific to become wealthiest region

The Asia-Pacific area is expected to beat North America as the wealthiest region in the world in a few years.

IMF team in China to assess reserve-currency status for yuan

IMF team in China to assess reserve-currency status for yuan

IMF Managing Director Christine Lagarde has said earlier that the real question is ‘when’ not ‘if’ the yuan qualifies.

‘If BRICS interests protected, NDB could cooperate with World Bank’

‘If BRICS interests protected, NDB could cooperate with World Bank’

A newly appointed BRICS Bank official has toned down the reportedly anti-west rhetoric around the bloc’s new financial instruments.

China PLA squad heads to Belarus for joint drills

China PLA squad heads to Belarus for joint drills

Belarus is a dialogue partner of the SCO, a China-Russia-led security bloc.

New Zealand to invest over $87 mn in China-led Bank

New Zealand to invest over $87 mn in China-led Bank

The new lender is seen by the US as posing a challenge to the establishments controlled by Washington, such as the World Bank.

BP, Rosneft set to announce new deal at Russian economic summit

BP, Rosneft set to announce new deal at Russian economic summit

British Petroleum and Russian energy giant Rosneft are inching towards a $800 million deal, a Reuters report said.

Has Sudan’s Bashir left South Africa?

Has Sudan’s Bashir left South Africa?

What the South African government does now will reverberate on the continent for years.

China to inject billions of dollars into EU fund

China to inject billions of dollars into EU fund

The proposed fund is stated to be the cornerstone of the European Commission's agenda to jumpstart the EU's moribund economy.

SouthAfrica faces diplomatic row over ICC demand

SouthAfrica faces diplomatic row over ICC demand

Omar al-Bashir, a sitting head of state has been indicted for genocide, war crimes and crimes against humanity by the ICC.

BRICS Central Bank experts meet in Turkey to finalise joint Monetary Fund

BRICS Central Bank experts meet in Turkey to finalise joint Monetary Fund

The CRA is meant to provide an alternative to International Monetary Fund's emergency lending.