The US and South Korea on Sunday launched a major naval exercise involving a nuclear-powered US aircraft carrier in the Sea of Japan despite North Korea's threats of nuclear retaliation.

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China opposes EU sanctions

Friday, 30 July 2010 - mataleo

China said Friday it opposed tough new sanctions imposed by the European Union on Iran over its contested nuclear programme, again calling for more talks to resolve the standoff.

Convertible yuan is the ultimate goal

Friday, 30 July 2010 - mataleo

China wants the yuan to be fully convertible and such currencies are generally free-floating, a top central bank official said Friday, six weeks after Beijing pledged to loosen its grip on the yuan.

US growth slows fueling recovery fears

Friday, 30 July 2010 - mataleo

US economic growth slowed dramatically to 2.4 percent in the second quarter of this year, the Commerce Department said Friday, prompting fears the recovery is losing steam.

US embassy vehicles torched in Kabul

Friday, 30 July 2010 - mataleo

Rioting erupted in Kabul Friday when two US embassy vehicles were set ablaze after one collided with a civilian car, killing a number of occupants, officials and witnesses said.