No one knows for sure if China has 20,000 tons of gold in reserves. But if indeed it has that deep a gold reserve, Beijing can take on the US dollar by using gold for international trade.
ndian colts beat Argentina in a sensational match at COTIF international on Sunday. But such heroics don't mean anything for bosses at the Indian Olympic Association who didn't send India team to Jakarta Asian Games.
Vijay Mallya has lost control over Force India F1 team. What other assets has he lost so far? India loves to treat each story with a view to finding a moral in it. And Mallya's story has many spectacular morals. The plainest of them all is that if you do wrong you will suffer. The middle India loves to latch on to that belief.
The backlash is expected for Najib Razak as the 'Mission Mahathir' is accomplished. Former Malaysian prime minister's arrest finally happens in the multi-billion dollar IMalaysia Berhad corruption scandal.
