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Chinese President Xi Jinping has hailed the signing of the founding agreement of the Asian Infrastructure Investment Bank or AIIB, as a 'historic step forward' for the bank.

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Iran Talks to miss target as Zarif heads home

US officials say that the Iran nuclear talks will likely to go past their deadline, as Iran's Foreign Minister flew home for further consultations after an instense day of talks with major world powers, as a looming deadlines set for a nuclear deal seemed set to slip by a couple of days.

China concerned over Philippines' 'ballyhoo'

China says it's seriously concerned over the Philippine government making a "ballyhoo" over the South China Sea issue. Foreign Ministry spokesperson Hua Chunying said in a press release that China has noticed a documentary about the South China Sea and related reports in the Philippines.

Obama signs trade bills into law, giving boost to TPP talks

U.S. President Barack Obama on Monday signed several trade bills into law, including the legislation giving him the so-called fast-track authority to negotiate trade deals with other countries, injecting new momentum to the stalled Asia-Pacific trade talks.

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