SANAA, Yemen (AP) — Militiamen loyal to Yemen's exiled president besieged an air base once crucial to the U.S. drone program targeting al-Qaida militants in the country, trying to dislodge the Shiite rebels holding the complex, a spokesman said.
By Anna Yukhananov WASHINGTON (Reuters) - China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. The yuan's inclusion as the first emerging market currency in the basket would mark another stage in China's rise as a global economic player. "I can tell you that the Chinese have been quite clear in saying that they understand the broad rules that apply, and they wish to qualify under the current criteria," IMF First Deputy Managing Director David Lipton said in an interview during the spring meetings of the IMF and World Bank in Washington. Chinese economic reform plans, including opening up its capital account and deepening its financial markets, have set Beijing on the path to inclusion in the SDR basket, IMF Managing Director Christine Lagarde said this week.