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High public debt raises fiscal crisis risk: IMF official

An official of the International Monetary Fund (IMF) warned here on Monday that high public debt would raise the possibility of fiscal crisis, and countries in different fiscal situations should take various fiscal adjustment paces.

Portuguese demonstrate against troika, gov't austerity measures

Hundreds of Portuguese gathered in front of the presidential palace in Lisbon on Monday in protest against the troika and the government's implementation of tough austerity measures.

Africa mulls diversified exports to U. S. via AGOA initiative

Africa is set diversify its exports to the United States through the African Growth and Opportunity Act (AGOA) after the African Development Bank (AfDB) on Monday announced plans to help boost trade and investments under the initiative.

•	Cyprus further relaxes restrictions on banks
•	WTO chief-elect vows to make Doha Development Round advance
•	China to issue real estate registration rules by June 2014
•	Gold suffers loss for 6th session in row
•	Japan's core machinery orders grow 14.2 pct in March

Dubai economist calls for Gulf single currency

Former chief economist of the Dubai International Financial Center Authority, Nasser Saidi, said here on Monday that the six Gulf Arab states should realize plans for a single currency despite the crisis of the Euro as a multi-national currency.

Gold rises on short covering

Gold futures on the COMEX division of the New York Mercantile Exchange on Monday went up on short covering, snapping a seven-session losing streak.

S. Africa to build wind farm in search for clean energy

In a further move in developing clean energy, South Africa will build a wind farm which will generate up to 100 MW of power, it was announced on Monday.

China Economy >>

•	HK's CPI up 4 pct in April

•	China stock index futures open mixed Tuesday

•	ChiNext Index opens lower Tuesday

•	China yuan advanced to 6.1911 against USD Tuesday

•	China Voice: Tightened gov't spending critical to improving public services

Industries >>

•	Brazilian company discovers oil near Namibian coast

•	Gas prices set to rise in Armenia

•	Thai edible insect farming creates 30 mln USD income per year: FAO

•	S. Africa to build wind farm in search for clean energy

•	London wine fair opens as Chinese brands seeking for acceptance

World Economy >>

•	U.S. economic confidence climbs to five-year high: Gallup

•	Britain's inflation rate down to 2.4 pct in April

•	Bangladesh receives nearly 12.5 bln USD remittance in ten months

•	China's growth upsets Australian treasury forecasts

•	U.S. online food delivery giants GrubHub, Seamless plan merger

Trade >>

•	China may probe EU wine: report

•	China warns EU against trade probe into mobile telecom equipment

•	Chile world's third largest mining investment destination: report

•	EU escalating telecom dispute to harm trade ties

•	Cuba gives green light to imports of home appliances

Finance >>

•	U.S. stocks open higher ahead of more Fed speeches

•	UBS Securities fined in Hong Kong

•	Spain raises 3.5 bln euros in short-term bond auction at higher cost

•	Gold price closes higher in Hong Kong

•	Foreign exchange rates in Hong Kong

Opinion >>

•	News Analysis: China's red-hot property market searching for remedy

•	EU escalating telecom dispute to harm trade ties

•	EU's planned solar duties against China "grave mistake": German vice chancellor

•	Central China ideal for industrial transfers: experts

•	Chengdu key for China on economic integration, says Spanish professor before Fortune forum

Video >>

Yahoo! to buy Tumblr for US$1.1b

Int'l PV associations oppose trade barrier

Bailout fears for British bank

Jack Ma to resign as Alibaba CEO

Biz China Weekly >>

May 13 -- May 19

By wielding the baton of trade protectionism, EU, instead of ridding itself of the economic doldrums, might lose the opportunities the Chinese firms bring to its development.

Special Reports >>

Global Financial Crisis

Focus on Nongfu Spring's water stardard disputes

World Economic Forum 2013

U.S. Fed expands QE3 to boost economy

	DPRK fires short-range missile into Sea of Japan

	22 people killed in spate of bombings in Iraq

	Syria army regains large part of strategic al-Qussair city

	Pakistani court grants bail to Musharraf in Bhutto murder case

	Palestinians re-open road closed by Israeli Troops

	Egypt's Morsi rejects dialogue with kidnappers

	"Star Trek" tops box office in North America

	Hot cheerleaders in S Korea

	Yahoo to buy Tumblr for $1.1 billion

	Low carbohydrate diets may harm your health