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Russia steps up military lifeline to Syria's Assad
In recent weeks Russia has stepped up supplies of military gear to Syria, including armored vehicles, drones and guided bombs, boosting President Bashar al-Assad just as rebel infighting has weakened the insurgency against him, sources with knowledge of the deliveries say.
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China decries U.S. spending bill
China's Commerce Ministry has condemned a $1.1-trillion spending bill passed by the U.S. Congress last week over clauses that limit technological purchases from the Asian giant, saying they clash with the principles of fair trade.
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Iran has $100 billion abroad, can draw $4.2 billion
Iran has about $100 billion in foreign exchange assets around the world, of which it will be able to draw $4.2 billion under last year's nuclear agreement with six world powers, a senior U.S. administration official said on Friday.
News
Russia steps up military lifeline to Syria's Assad
In recent weeks Russia has stepped up supplies of military gear to Syria, including armored vehicles, drones and guided bombs, boosting President Bashar al-Assad just as rebel infighting has weakened the insurgency against him, sources with knowledge of the deliveries say.
News
No reason for 'irrational inflationary fears'
The president of Germany's Bundesbank said on Thursday there was no reason for "irrational inflationary fears" and dismissed suggestions of a danger of the euro zone falling into deflation, echoing the European Central Bank's outlook.
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Russia rouble float may hurt investors now but help in long run
Russia's move towards a flexible rouble exchange rate may well prove a boon for the struggling economy, but foreign stock and bond investors should brace for short-term losses as the currency finds a new level.
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French companies, unions question Hollande's new vision
French business raised doubts on Wednesday over Socialist President Francois Hollande's plan for public spending cuts and structural reform to revive the euro zone's second largest economy.
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China's Hebei closes more than 8,000 polluting firms in 2013
China shut down 8,347 heavily polluting companies last year in northern Hebei province, which has the worst air in the country, state news agency Xinhua said on Thursday, as the government moves to tackle a problem that has been a source of discontent.
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