1. Liu Shiyu replaces Xiao Gang as head of China's securities watchdog
Authorities announced that Liu Shiyu has been appointed as the head of China's Securities Regulatory Commission.
The decision was made by Communist Party of China Central Committee and the State Council.
Liu was previously the board chairman of the Agricultural Bank of China.
Xiao Gang, former head of CSRC, was removed from his post as head of the country's securities watchdog.
2. China's central government appoints Macao's new custom chief
The State Council has appointed Vong Iao Lek as the new director-general of the Macao Customs Service.
The new official was nominated by Chui Sai On, chief executive of the Macao Special Administrative Region.
3. Sinopec to shut oilfields temporarily in response to falling prices
Sinopec will temporarily close four oilfields in eastern Shangdong to cut losses this year.
These oilfields are said to produce about 0.2 percent of the company's annual output.
The company says the closures are not the first ones, as it began shutting other fields last year.
The slump in the price of oil has put pressure on China's mature oilfields.
The company says production at these sites may restart if prices bounce back.
4. China's Guangxi to spend 55 bln yuan on education to tackle poverty
Guangxi will spend more than 8 billion US dollars over the next five years to build schools and support students in the underdeveloped southern Chinese region.
The initiative aims to help students earn skills to prepare them for employment.
Guangxi is one of the six provincial regions in China where more than five million people live under the poverty line.
The local government identifies education as a key effort to relieve poverty.
5. State of natural disaster declared in Fiji over tropical cyclone Winston
Fiji has declared a state of natural disaster in the wake of tropical cyclone Winston.
The declaration is effective for a period of 30 days starting from Saturday.
The Category 5 storm is moving towards the capital Suva, bringing average wind speeds of 230 km per hour.
Meanwhile, Virgin Airlines has announced all scheduled flights in and out of the Fijian city of Nadi would be suspended this weekend.
Monday's schedule is under review.
6. North Korea's Artillery Fire Heard in Frontline Island: Yonhap
Artillery fire, said to be from North Korea, has been heard near a South Korean island near the western maritime border.
No shells have landed in South Korea's territorial waters, and no additional fire has been reported.
Citizens on Baengnyeong Island who were evacuated from their homes following the artillery fire have since returned.
The South Korean military says that North Korean forces may have conducted firing drills near the inter-Korean sea boundary.
The South Korean military says it is closely monitoring the situation.
7. EU leaders reach deal to give UK special status in EU
European leaders have reached a deal to give the UK special status within the EU.
The development, which will pave the way for an in/out referendum in the UK before summer, came late on Friday, the second day of talks in Brussels between leaders of the 28 EU member-states.
Donald Tusk, President of the European Council, says the deal is legally binding and irreversible.
He notes that the settlement addresses all of British Prime Minister David Cameron's concerns without compromising the fundamental values of the EU.
Cameron says that following the deal, there will be tough new restrictions to Britain's welfare system for EU migrants.
He also stresses that Britain will never join the euro.
8. White House: Obama, Erdogan discuss Syrian situation in phone call
The White House has confirmed that US President Barack Obama has discussed the Syrian situation with his Turkish counterpart during a telephone conversation.
Obama is said to have called for a halt to actions that heighten tensions between Turkey and moderate opposition forces in northern Syria.
The president also said that the Kurdish People's Protection Units should not seek to exploit circumstances in this area to seize additional territory, while urging the Turkish side to show restraint also, by ceasing its artillery strikes in the region.
9. France's Lagarde named for second term to lead IMF
The International Monetary Fund announced on Friday that Christine Lagarde has been selected to serve as its leader for a second five-year term.
She was the sole candidate nominated for the post.
The IMF said in the announcement that the decision was taken by consensus among its executive board.
The IMF praised Lagarde's leadership during her first term for strengthening the Fund's ability to support its members with policy advice, capacity building, and financing.
Lagarde, a former French finance minister, took over as head of the IMF in 2011 following Dominique Strauss-Kahn's resignation amid scandal.
10. Italian writer Umberto Eco dies at 84
Italian author Umberto Eco, best known for "The Name of the Rose" has passed away at the age of 84.
According to his family, the author died at home on Friday.
No further details were revealed.
11. Chinese Li Ling breaks Asian record in pole vault
China's Li Ling cleared 4.70 meters, setting a new Asian record, in the women's pole vault at the Asian Indoor Championships in Doha.
The 26-year-old earlier held both Asian indoor and outdoor records of 4.51 meters and 4.66 meters respectively.
Her victory at 4.70 meters ranks ninth in the world this season.