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China must spend $330 billion more to do fair share on climate
China must increase spending on emission cuts and clean technologies by 2 trillion yuan ($330 billion) to do its fair share to halt climate change, a report by Beijing's Central University of Finance and Economics said.
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China central bank offers emergency funds to banks amid latest cash squeeze
China's central bank has provided emergency funding support to commercial banks and will add more cash on Tuesday, as authorities respond to a spike in cash rates ahead of a major holiday, the bank announced on Monday.
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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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World economy on recovery road, but weak inflation threatens
A much better year lies in store for most of the world's major developed economies, although weak inflation will persist, complicating central banks' ability to get interest rates back to normal, Reuters polls forecast on Thursday.
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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.
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