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Explosion hits Indian submarine

Explosion hits Indian submarine

The cause of the explosion and blaze, and the extent of damage to the submarine, is still not known.

Russia begins construction of anti-missile radar

Russia begins construction of anti-missile radar

The modern radar system will strengthen Russia’s security guarantees, according to the president.

14 Chinese govt departments slash service fee

14 Chinese govt departments slash service fee

The Finance Ministry and the NDRC said in a statement that charges would be cut for 20 services.

‘We will counter inflation’- SA Reserve Bank

‘We will counter inflation’- SA Reserve Bank

The South African rand has lost 14 per cent against the dollar this year.

Kenyan president to meet Xi

Kenyan president to meet Xi

An American research firm says China provided Kenya with a total of $1.4 billion in aid from 2001 to 2011.

China unveils new plan for green industry

China unveils new plan for green industry

The Asian nation has set a target of raising $729.7 billion for environmental protection industries by 2015.

India test-fires nuclear capable Prithvi II missile

India test-fires nuclear capable Prithvi II missile

The weapon is the country's first indigenously built ballistic missile.

China hires 23,500 lawyers to aid governance

China hires 23,500 lawyers to aid governance

They will counsel the government on foreign firms and restructuring of state-owned companies.

Brazil adopts Basel III rules

Brazil adopts Basel III rules

The accord is designed to strengthen the ability of banks to withstand financial shocks.