Current Affairs Global - 29 June 2015

1. China has hosted the signing ceremony of the Asian Infrastructure Investment Bank (AIIB), which was set up to counter global banks like the World Bank and Asian Development Bank. Delegates from 50 countries.

The AIIB will begin with authorized capital of USD 50 billion which will be increased to USD 100 billion. China will hold a 30.34% stake making it the largest shareholder of the bank.

2. Veselin Topalov won the Norway Chess tournament 2015 by defeating India-s Viswanathan Anand into a quick draw. Topalov secured 6 and half points while Anand ended the tournament in second place with 6 points.