China Investment Corp. has stopped buying European government debt because of an economic crisis on the continent, though it continues to look for new investments there, said CIC President Gao Xiqing. “What is happening in Europe right now is of course of concern,” Gao said Wednesday in an interview in Addis Ababa, Ethiopia, during the World Economic Forum on Africa. “We still have our people looking at opportunities in Europe, even though we don’t want to buy any government bonds.” European lea

WASHINGTON (AFP) ― The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a U.S. bank by a Chinese state-controlled company.Just days after high-level U.S.-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the U.S. subsidiary of Bank of East Asia.The transaction will make ICBC the first Chinese state-controlled bank to acqui

CIGOMBONG, Indonesia (AFP) -- The wreckage of a Russian Sukhoi passenger jet was found Thursday on the side of a dormant Indonesian volcano and authorities said there was no chance any of the dozens aboard could have survived.A helicopter pilot spotted the debris of Russia‘s first post-Soviet civilian plane scattered over rocks and trees on the sheer face of Mount Salak outside the city of Bogor, officials said.The twin-engine Superjet 100 vanished from radar screens south of Indonesia’s capital

DAMASCUS, Syria (AP) -- Two strong explosions ripped through the Syrian capital Thursday, killing or wounding dozens of people and leaving scenes of carnage in the streets in an assault against a center of government power.The blasts, which ripped the facade off a military intelligence building, happened at about 7:50 a.m. when employees are usually arriving at work.An Associated Press reporter at the scene said medical workers were collecting human remains from the streets after the explosions

Focus groups say Canada's coming new plastic $20 bill has images of a naked woman and New York's World Trade Center towers, CTV News reported.Canada`s new plastic $20 billThe bill was introduced by the Bank of Canada last week in Ottawa after weeks of scrutiny by focus groups conducted by the Strategic Counsel across the country, the report said.Under freedom of information requests, the broadcast

President Barack Obama on Wednesday declared his unequivocal support for gay marriage on Wednesday, a historic announcement that gave the polarizing social issue a more prominent role in the 2012 race for the White House. U.S. President Barack Obama (AP-Yonhap News)The announcement was the first by a sitting president, and Republican challenger Mitt Romney swiftly disagreed with it. ``I believe th