Asia is doubling the size of its foreign currency reserve safety net to $240 billion, finance ministers and central bank officials announced Thursday following a 13-nation meeting in Manila. The reserve funds a multilateral currency swap agreement aimed at protecting Asian markets from global economic crises.
Up until now, India had adamantly opposed sanctions against Iran.
In a major victory for the US-EU led sanctions on Iran, the Indian government has asked top two importers of Iranian crude to cut their imports by at least 15 percent this year, the Wall Street Journal WSJ reported, quoting industry sources.
?Diablo 3? will be introducing a real-money auction house, enabling gamers to buy and sell virtual items using their choice of virtual or real-life funds. ArsTechina reported that Blizzard plans to stick a 15 percent transaction fee on these purchases.
The potential third test could involve a device using highly-enriched uranium for the first time.
Electronic signals originating from North Korea have been allegedly intercepting scores of civilian aircrafts in and out of South Korea, after Pyongyang's recent threats of offensive action, including a sacred war, against the South.
Sanctions, if approved by the Security Council, would mean asset freezes and bans on foreign travel.
The Chinese are benefiting from advances in transportation and communication, as well as policies established by the government,
Indian State run insurance companies will indemnify local ships carrying Iranian oil, enabling the country import oil from Iran, Reuters reported quoting Shipping Corp of India director.
South Korea's inflation declined to a 21-month low as the exports declined for the second consecutive month in April.
Japanese stock markets plunged Tuesday as weaker-than-expected US manufacturing data and news that confirmed Spain has fallen into a double-dip recession weighed on the sentiment.
Team U.S.A. will face tough challengers in Argentina, France and Tunisia in Group A.
The move would nullify planned sanctions banning EU-based ship insurers and re-insurers -- who cover 90 percent of the world's tankers -- from covering vessels carrying Iranian crude, the head of China's shipowners' association.
South Korea's industrial output declined 3.1 percent in March from the previous month with exports decreasing and domestic demand continuing to be weak.
Lady Gaga kicked off her Born This Way Ball in Seoul on Friday.
Days after a Christian group prayed Gaga away, a group of students have announced plans to protest Friday's show.
The latest photos suggest that the magnitude of Pyongyang?s military build-up might have been grossly exaggerated.
South Korea's economy expanded 0.9 percent in the first quarter with exports making gains and domestic demand improving, data released by the Bank of Korea (BoK) Thursday showed.
Asian shares gained on Thursday, retaining positive momentum as the Federal Reserve reassured markets that it will keep its highly accommodating stance to support growth, and optimism grew over strong corporate earnings after Apple Inc's robust results.
CISPA sponsors are realizing the bill is a major threat to Internet privacy akin to SOPA, apparently in response to a groundswell of opposition from across the world.
Mad cow disease has emerged once again in the United States, for the first time in six years. The Bovine Spongiform Encephalopathy infection was confirmed on Tuesday. Health concerns were allayed by the USDA, but economic concerns are taking their place.
German high-jumper Ariane Friedrich has publicly revealed the identity of the man she says harassed her and e-mailed her pictures of his genitals. The 28-year old athlete, who is the midst of training for London's Summer 2012 Olympics, posted the alleged stalker's name, e-mail address, his hometown, and excerpts from the e-mails she received, reported MSN news. She has also filed a criminal complaint with authorities, who are now investigating the matter.
