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S&P Italy Downgrade a New Blow for Distressed Europe

Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing December 30, 2010.

Bank of China Reported Halting FX Swaps with some European Banks

Bank of China, a big market-maker in China's onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.
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Mongolia's President Defends Mining Ban

Mongolia's law banning mining in the country's river and forest areas is necessary to protect the mineral-rich Asian country's environment and herdsmen's livelihoods, President Tsakhia Elbegdorj said on Monday.
India earthquake zone map

Earthquake Death Toll in India, Nepal Expected to Increase

None of India's 20 nuclear power plants were disturbed by the earthquake, officials said Monday. The nuclear facility closest to the quake's epicenter is the Narora Power Station, some 800 miles to the west. The quake hit Sunday night, and the death toll has reached 74 people.
Zambian opposition leader Michael Sata leaves an election results centre in Lusaka

Zambia deploys police on eve of close election

Zambia's police chief deployed thousands of officers across the southern African country on Monday, the eve of a closely contested election between incumbent Rupiah Banda and nationalist opposition leader Michael Sata.
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BRICS countries bought EFSF debt: report

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.
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Beyond the gloom, reforms bode well for growth

Largely unnoticed by markets riveted by the drama of the day, more and more countries are successfully implementing complex, politically treacherous reforms needed to raise their long-term economic growth rates.
Earthquakes have recently struck Alaska and Southern California

10 Deadliest Earthquakes in the Past Century

There have been a number of high-profile earthquakes in the last month, including ones in India, Japan, Cuba, Indonesia and the United States. Here are the ten worst quakes over the past 100 years.
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BRICS nations already buying EFSF debt: report

The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.
North Korea nuclear talks

China makes new push for North Korea nuclear talks

China urged regional powers on Monday to restart moribund nuclear disarmament talks with North Korea, with its foreign minister Yang Jiechi defending Beijing as an honest broker seeking to defuse confrontation with Pyongyang.
India earthquake

India Earthquake: Death Toll Exceeds 50

The death toll has risen to 53 people in Sikkim, India, where a 6.9 magnitude earthquake hit Sunday night. About ten of the deaths occurred in Nepal, primarily in the capital of Katmandu, where a series of building collapses trapped people under debris.
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Airbus lifts demand forecasts on Asian growth

Global airlines will buy $3.5 trillion of aircraft over the next 20 years to meet relentless demand for travel to and from Asia's burgeoning megacities and renew aging fleets in the West, Airbus said on Monday.

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