Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.
China's low-cost smartphone maker Xiaomi launched a foray into U.S and Europe this week, but don't expect its handsets there anytime soon.
India's prime minister plans to provide farmers with income insurance tied to crop prices, but it may not ease rural distress much.
The Nikkei's relentless bull-run has raised concerns if a correction is on the pipeline. Chart analysis, however, suggests otherwise.
While the euro-dollar breakout looked like a short-term move rather than a trend change, the situation now is different and impacts long term positions.
With Nymex rebounding 40 percent since its lows of the year, many are asking if the uptrend will stay or whether if it is a short-term bounce.