China has set new rules to curb risks at its policy banks, stepping up oversight of the country's financial system as Beijing looks to avert a feared debt crisis in the world's number two economy.
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing's pet projects and supporting Chinese companies abroad.Full Story
Palestinians in Gaza desperately waiting for a reconciliation agreement to improve their lives haven't seen much change yet -- but at least cigarettes are cheaper.
Under the deal agreed last month, Islamist movement Hamas is supposed to return control of the Gaza Strip, which it has ruled for a decade, to the Palestinian Authority by December 1.Full Story
Greece on Wednesday offered to exchange some 30 billion euros ($35 billion) in bonds in a new market test for the country seeking to emerge from its latest bailout.Full Story
Venezuela is set on Wednesday to sign a debt restructuring deal with Russia, one of its main creditors and a strategic ally during a crisis that has seen Caracas declared in partial default.Full Story
Oil prices tumbled more than one percent on Wednesday in ASia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.Full Story
Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to US investment firm Indigo Partners in a deal worth more than $40 billion, a source said Wednesday.Full Story
Global equity markets faltered Tuesday, slipping into the red after a weaker opening on Wall Street, as investors awaited key speeches from powerful central bank chiefs.Full Story
After long years of punishingly low oil prices, there is "increasing evidence" that the oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Monday.Full Story
Iraq aims to double the output of oilfields in the northern province of Kirkuk retaken from the Kurds to one million barrels per day (bpd), Oil Minister Jabbar al-Luaybi said Monday.Full Story
The Abu Dhabi National Oil Company is to float a minority stake in one of its subsidiary companies for the first time, ADNOC chairman Sultan Al-Jaber said on Monday.Full Story