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Russia suspends INF Treaty

President Vladimir Putin on Saturday announced suspension of the landmark Intermediate-range nuclear forces (INF) Treaty with the U.S. Putin told foreign and defense ministers at a meeting in Moscow not to initiate talks with Washington on this issue. "We will proceed as follows. Our...

China's COFCO buys million-tonne batch of U.S. soybeans

The Chinese state agricultural conglomerate COFCO Group recently purchased a batch of soybeans amounting to “millions of tonnes” from the United States, it said in a notice on Saturday. The purchase was part of the company’s efforts to implement a “consensus” on trade agreed...

Sri Lanka seeks $1 billion loan from China amid debt woes

Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of Kandy, even as the heavily-indebted South Asian island nation makes arrangements to pay down $5.9 billion in foreign loans this year. Finance Ministry...