As the Dow Jones Industrial Average climbed to an all-time high above 15,000 points last week, Zhang, a shoe factory owner in the Chinese city of Wenzhou, yearned to draw money from lackluster domestic markets and invest in U.S. stocks.
China's latest call for an "operational plan" to achieve yuan convertibility under the capital account has raised the prospect of a specific reform timeline, although the government will likely conduct the reform step-by-step rather than all at once, analysts said.
UN Secretary-General Ban Ki-moon on Thursday voiced his sadness at the loss of life and the damage to homes and infrastructure in Argentina as a result of torrential floods.
The main accused in the horrific gangrape of a 23-year-old medical student in the Indian capital last year, Ram Singh, allegedly committed suicide Monday by hanging himself inside his cell at the high security Tihar jail Monday, a senior police official said.
At least three people were shot dead in two western Bangladesh districts Monday as riots erupted last week over the conviction of the country's largest Islamist party leader for war crimes continued to the fifth consecutive day.
India's Supreme Court Friday said that "there is no safety for women" amid the prevailing law and order situation in the capital while responding to a public plea after the recent horrific gangrape of a 23-year-old woman.