Daily News Channel
China moved closer to its goal of 8 percent annual growth, as the nation recorded a record jump in foreign currency reserves. China’s foreign exchange reserves hit a record $2.13 trillion at the end of June, according to the People’s Bank of China. The world’s largest holder of foreign cash — mostly U.S
Kaka moved closer to a reported $100 million move to Real Madrid on Monday when the AC Milan star had a medical in Brazil at the request of the Spanish Primera Liga giants, his Federation said. The 27-year-old midfielder is currently on international duty ahead of Brazil’s World Cup qualifier against Paraguay on Wednesday but was released for the medical tests in the north-eastern city of Recife. Kaka is set to become the first of the new wave of ‘galacticos’ brought together under the leadership of returning club president Florentino Perez.