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SHANGHAI: China and Russia signed a US$400bil gas supply deal on Wednesday, securing the world's top energy user a major source of cleaner fuel and opening up a new market for Moscow as it risks losing European customers over the Ukraine crisis.
TAIPEI/HONG KONG: Taiwan is building a US$100 million port next to an airstrip on the lone island it occupies in the disputed South China Sea, a move that is drawing hardly any flak from the most assertive player in the bitterly contested waters - China.
ATHENS/BRUSSELS: Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout.