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China industrial production rises 8.8% in May

China industrial production rises 8.8% in May

The value of the Chinese currency renminbi, or the yuan, strengthened 13 basis points to 6.1503 against the US dollar in its central parity on Friday.

Brazil World Cup kicks off amid protests

Brazil World Cup kicks off amid protests

Brazil is also set to host the 2016 Olympic Games.

US to blame for Iraq ‘deterioration’ – Lavrov

Russian FM Lavrov says Moscow warned the US and UK that adventurism in Iraq would not end well.

Indian govt to review gas pricing formula

Indian govt to review gas pricing formula

Investment in India’s domestic exploration and production has been deterred by the previous government keeping prices below global market levels.

Indian rupee drops to one-week low against dollar

Indian rupee drops to one-week low against dollar

Official government figures released yesterday revealed the widest trade deficit in ten months, $11.2 billion in May.

Italian PM ends China visit with 10 trade deals

Italian PM ends China visit with 10 trade deals

The Italian economy shrank 0.1 per cent in the first quarter before industrial production returned to growth in April.

Putin offers to keep Ukraine gas discount afloat

Putin offers to keep Ukraine gas discount afloat

He said conditions proposed by Gazprom to Kiev were "absolutely identical" with those to ousted President Yanukovych's government.

Russia, China present new joint draft to prevent outer space war

Russia, China present new joint draft to prevent outer space war

The US and Israel have repeatedly voted against UN resolutions on the prevention of an arms race in outer space.

South American leaders to attend 6th BRICS Summit

South American leaders to attend 6th BRICS Summit

The Brazilian cities of Fortaleza and Brasilia will host the 6th BRICS Summit on the 14th, 15th, and 16th July.

13 Russians die in bus accident in India

13 Russians die in bus accident in India

A bus ferrying the Russian tourists to a holy Hindu site of Gangotri fell off the road and plunged into a river in in the northern Indian state of Uttarakhand.