Beijing's move to change the mechanism for setting the yuan's daily reference rate "appears a welcome step" as it should allow market forces to play a greater role in determining the exchange rate, the IMF said yesterday.
China and Russia cemented more than 40 cooperation deals yesterday after talks between Premier Li Keqiang and his Russian counterpart.
The hunt for missing Malaysia Airlines flight MH370 was widened in scope significantly on Tuesday to include a major land search, as the company revealed the plane was given a clean bill of health just 10 days before it vanished.
Hong Kong is set to play a bigger role in Asian rugby after Trevor Gregory, chairman of the Hong Kong Rugby Football Union, was appointed president of the game’s regional governing body ARFU, following its annual general meeting in Cambodia this week.
With World Cup and Uefa Champions League winners medals already in his possession, Marcello Lippi's pursuit of the top prize in Asian club football continues today as Guangzhou Evergrande face Qatar's Lekhwiya in their AFC Champions League quarter-final first leg.
North Korea celebrated the 60th anniversary of the Korean war armistice yesterday with a massive military parade attended by a high-level delegation from its most important ally, China.
A former General Motors engineer convicted of stealing thousands of pages of hybrid technology was sentenced to just a year and a day in jail, far below the punishment sought by the government in a case that involved her husband and an alleged scheme to take the trade secrets to China.
Former world boxing champion Hector "Macho" Camacho was in critical condition yesterday, after being shot in his native Puerto Rico.