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(MENAFN - AFP) China's annual demand for gold could jump around 20 percent by 2017 as more of its increasingly wealthy population seek new ways to make money, the World Gold Council predicted on Tuesday.

The forecast by the WGC comes after China became the world's largest gold-consuming nation in 2013, overtaking India.

Annual demand for gold in the form of jewellery, ...

 

(MENAFN - AFP) China's economic expansion slowed in the first three months of this year, according to an AFP survey, and remains on track for its worst annual performance in nearly a quarter-century as reform priorities trump growth concerns.

Gross domestic product (GDP) in the January-March period expanded 7.3 percent from the same period last year, the median forecast ...

 

(MENAFN - AFP) Japan has finished slaughtering 112,000 chickens after confirming its first bird flu infections for three years, with authorities stepping up efforts to swiftly contain the latest outbreak, officials said Tuesday.

Workers on Sunday started culling 56,000 chickens kept at a poultry farm in Kumamoto, southwestern Japan, where DNA tests confirmed the H5 strain ...

 

(MENAFN - AFP) The Australian government was Tuesday expected to give the go-ahead to build a second international airport for Sydney, reports said, ending decades of indecision in a bid to boost the economy.

Sydney's Kingsford Smith Airport is the main gateway into Australia but suffers from capacity limits, with a former transport minister describing it as "built in ...

 

(MENAFN - AFP) Anglo-Australian mining giant Rio Tinto posted a fall in first-quarter iron ore production on Tuesday, blaming bad weather over western Australia.

January-March output of 66.4 million tonnes of ore was below most forecasts and six percent, or four million tonnes, down on the last three months of 2013.

The world's second largest mining company pointed ...

 

(MENAFN - AFP) Malta's parliament passed a law Monday legalising same-sex civil partnerships and giving gay couples the right to adopt.

The Mediterranean island country's parliament passed the bill by a vote of 37-0.

The opposition abstained because it opposes gay adoption but not gay unions, said its leader Simon Busuttil.

Thousands of supporters cheered the ...

 

(MENAFN - AFP) A Chinese herb called thunder god vine works better than a widely-prescribed pharmaceutical drug at easing rheumatoid arthritis, a study published on Monday said.

The herb has long been used in China to treat this potentially crippling autoimmune disease, which typically strikes hand and foot joints.

It is known in Mandarin as lei gong teng and to ...

 

(MENAFN - AFP) Low blood sugar isn't good for marital bliss because it makes spouses more prone to anger and aggression, says a new study out Monday.

The findings are based on experiments with 107 married couples asked to monitor their glucose levels before breakfast and bed every day for 21 days.

In addition, researchers gave them voodoo dolls representing their ...

 

(MENAFN - AFP) A group of traders has sued exchange giant CME Group, alleging that its policies favored high-frequency traders and defrauded other investors.

Three traders filed the complaint Friday in federal court in Illinois, accusing CME and its subsidiary the Chicago Board of Trade of falsely labeling as "real-time" price data that was sold to "the entire financial ...

 

(MENAFN - AFP) Brazil's president on Monday promised authorities would carry out a thorough and complete probe of alleged money laundering at state oil giant Petrobras.

"Whatever needs to be investigated will be, to the fullest extent of the law; and whoever needs to be punished will be, to the fullest extent of the law," G1 news quoted Dilma Rousseff as saying.

On ...

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