China's yuan joins elite club of IMF reserve currencies

Oct 1, 2016

China's yuan joins elite club of IMF reserve currencies

China’s yuan is joining the International Monetary Fund’s basket of reserve currencies as of Saturday, a milestone for the government’s campaign for recognition as a global economic power. The yuan joins the dollar, euro, yen and pound in the IMF’s special drawing rights (SDR) ...

Oct 1, 2016

Chinese naval ships visit Myanmar to reinforce military ties

Two Chinese naval ships have arrived in Myanmar’s main city of Yangon for a five-day visit, state media said on Saturday, the latest move by Beijing to reinforce military ties with its strategically located southern neighbor. China has been on a diplomatic offensive since ...

Pentagon chief troubled by Philippine president's latest comments

Oct 1, 2016

Pentagon chief troubled by Philippine president's latest comments

Defense Secretary Ash Carter hinted Friday at U.S. impatience with the Philippine government over inflammatory comments by President Rodrigo Duterte. At a news conference, Carter was asked his view on pursuing greater military collaboration with the Philippines in light of Duterte’s latest remarks. Earlier ...

EU agrees to ratify Paris climate deal

Sep 30, 2016

EU agrees to ratify Paris climate deal

EU environment ministers agreed Friday to fast-track the ratification of the landmark Paris agreement on climate change, despite the fact that some national parliaments have yet to approve the deal. “All member states greenlight early EU ratification of Paris agreement. What some believed impossible ...