Chinese Markets Halt Trading After Shares Plunge

Chinese stocks plunged Monday, spurring a trading halt for the rest of the session, and leading stock markets in Asia Pacific lower after feeble manufacturing surveys revived concerns over the mainland's economic slowdown. The Shanghai Composite tumbled 6.85 percent to 3296.66 and the Shenzhen Composite plunged 8.1 percent. The CSI 300 briefly plummeted 7.02 percent; when that index rises or falls 7 percent, a trading halt in China's markets is triggered for the rest of the session. ...
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Syrian Terror Groups Now Fighting Each Other

Heavy battles have erupted between two rebel groups – Jaysh al-Islam (meaning Army of Islam) and Jaysh Tahrir al-Sham in Damascus province, as militants continue to lose ground in Syria, according to reports from the Iranian News Agency FARS. © Photo: Ministry of defence of the Russian Federation This is not the first report of infighting between the rebel groups in the country.Earlier in December, heavy fighting reportedly erupted between the Daesh (also known as ISIL/ISIS) and o...
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China’s Anti-Terror Law Permits Troop Deployment Abroad

China on Sunday adopted its first counter-terrorism law that grants overarching powers to security agencies, allows the military to venture overseas on counter-terror operations and requires technology firms to give sensitive data like encryption keys to the government. Much on the expected lines, 159 legislators of the National People's Congress (NPC) Standing Committee unanimously adopted the draft law earlier approved by the ruling Communist Party of China (CPC). The new law makes it legal...
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China Formally Establishes AIIB

The Chinese-led Asian Infrastructure Investment Bank (AIIB) was formally established on Friday, and is expected to be operational by early next year, local media reported Friday."The AIIB is legally established as the Articles of Agreement take effect today," Chinese Finance Minister Lou Jiwei was quoted by the Xinhua news agency as saying. The bank will become fully operational after its board of directors and executive council meet at an opening ceremony scheduled for January 16-18, Xin...
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The Bear Goes Shirtless for New Calendar

http://www.youtube.com/watch?v=3bdBmdo1AWQ A new Russian calendar now allows its buyers to have a shirtless Vladimir Putin hanging around their homes all year long. One of the photos of the "All Year With the President of Russia," on sale in bookshops across Russia, features a picture of a shirtless Putin fishing, reports The Daily Telegraph. Other images show him working out, wearing military attire, and signing autographs for children, but the leader also shows his softer side, points...
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US Offers Iran High-Tech Nuclear Reactors

The United States and other nations negotiating a nuclear deal with Iran are ready to offer high-tech reactors and other state-of-the-art equipment to Tehran if it agrees to crimp programs that can make atomic arms, according to a confidential document obtained Tuesday by The Associated Press. The draft document — one of several technical appendices meant to accompany the main text of any deal — has dozens of bracketed text where disagreements remain. Technical cooperation is the least contro...
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China Cuts Bank Reserve Requirement to Boost Loans

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the central bank said in a statement on its website www.pbc.gov.cn. "Though the growth in the f...
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