China’s yuan extends slide, stock rebound peters out

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SHANGHAI: China’s yuan extended its decline on Tuesday (Oct 25) to a near 15-year low, following Monday’s sell-off in Chinese assets by global investors worried about Beijing’s policy direction, while Hong Kong and China stocks ended lower as a rebound petered out. The onshore yuan finished the domestic session atContinue Reading

Xi Jinping’s indissoluble bond with Muscatine, Iowa

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Relations between the United States and China seem chillier and chillier, but you’d never have known that reading this item that appeared on China’s Foreign Ministry website last May: President Xi Jinping has recently replied to a letter from Ms Sarah Lande, a friend of his in the US state of Iowa. Xi Jinping pointed […]Continue Reading

Russia’s ‘dirty bomb’ claim lights the nuclear fuse

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Russia’s Defense Minister Sergei Shoigu called his counterparts in the US, UK, France and Turkey on Sunday to warn that Ukraine could be preparing to use a “dirty bomb.” Is Shoigu also warning that the Russian army might be pushed into using nuclear weapons? A dirty bomb is commonly understood as a conventional explosive packed with radioactive materials. The […]Continue Reading