March 19, 2012
Lagarde says China must reform economy and yuan
International Monetary Fund (IMF) head Christine Lagarde has said that China must stop its economy being too dependent on exports and investment. She also said the yuan could become a global reserve currency if China implemented market-oriented…
March 19, 2012
Brazil to charge Chevron executives over fresh oil leak
Brazilian prosecutors say they will bring criminal charges against 17 executives from the US oil company Chevron and drilling contractor Transocean after a new leak of crude. The executives have been barred from leaving the country until the…
March 19, 2012
China home prices continue to slide for fifth month
Property prices in most Chinese cities have fallen for a fifth consecutive month, underpinning government success in curbing speculation in the market. In February, new home prices in 45 out of 70 cities fell compared to the previous month, the…
March 19, 2012
Greece’s Pasok party elects Evangelos Venizelos leader
Greece's Finance Minister Evangelos Venizelos has claimed victory in the Pasok party's leadership election. The 55-year-old ran unopposed in the contest to take over the centre-left party from George Papandreou, who resigned as prime minister in…
March 19, 2012
Red Bull creator and Thai tycoon Chaleo Yoovidhya dead
The creator of the energy drink Red Bull, Chaleo Yoovidhya, has died. Mr Chaleo rose from humble origins to become one of Thailand's richest men, with a wealth estimated at $5bn (£3.2bn) last year. His pharmaceutical company produced a tonic drink…
March 19, 2012
Syrian rebels ‘in Damascus firefight’
A firefight is reported to have erupted in Syria's capital, Damascus, between the rebel Free Syria Army and the forces of President Bashar al-Assad. Witnesses say the sound of machine-guns and rocket-propelled grenades can be heard from the…
March 19, 2012
East Timor President Concedes Election Defeat
East Timor President Jose Ramos-Horta conceded defeat on Monday in his bid to win a second term in office. With more than 70 percent of the ballots counted, results show Francisco Guterres, from the main opposition Fretilin party, ahead with about…
March 19, 2012
Seoul Slams North Korean Rocket Plan as Nuclear Test
South Korea accused North Korea on Monday of using a planned satellite launch to further development of a long-range missile capable of carrying a nuclear payload. The North announced Friday that it would launch a rocket in mid-April to put a…
March 19, 2012
King of Tonga Dies
Tonga's prime minister has announced the death of the Pacific island nation's King George Tupou V. Prime Minister Lord Tu'ivakano says the 63-year-old monarch died Sunday in a Hong Kong hospital, with his younger brother and heir to the throne,…
March 16, 2012
Sachin Tendulkar scores his 100th international century for India
India's Sachin Tendulkar has become the first player to score 100 international centuries by compiling a ton in a one-day game against Bangladesh in Dhaka. The 38-year-old completed his landmark century, his 49th in one-day cricket, with a single…