Economy
Posted on May 23, 2012 23:50
Posted on May 23, 2012 23:45
Chinese businessmen voiced their concerns about corporate growth prospects at a forum in Beijing yesterday, and said that the time is not ripe for industrial transition.
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Posted on May 23, 2012 23:30
India's central bank is suspected to have intervened in the foreign exchange markets yesterday after the rupee tumbled to a new all-time low against the dollar for the sixth successive trading day.
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Posted on May 23, 2012 23:30
New US single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner.
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Posted on May 23, 2012 23:30
Saudi Arabia will give its impoverished neighbor Yemen aid worth $3.25 billion, the kingdom’s Foreign Minister Prince Saud al-Faisal told a meeting in Riyadh yesterday, urging other nations to take similar steps.
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Posted on May 23, 2012 23:30
Eurozone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality that Germany's central bank said would be "manageable."
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Posted on May 23, 2012 23:10
Japan yesterday posted a bigger-than-expected trade deficit in April, as surging energy costs pushed up imports while shipments to China - its biggest market - fell from a year ago.
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Posted on May 23, 2012 11:33
Hong Kong's composite Consumer Price Index (CPI) in April rose 4.7 percent from a year ago, easing from March's increase of 4.9 percent, the city's statistics department said Tuesday.
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Posted on May 23, 2012 00:45
China's top economic planner may approve twice as many enterprise bond issues this year as in 2011, in an effort to develop the country's fledgling debt markets and wean State firms off their excessive reliance on bank lending, Reuters reported Tuesday citing an official at a seminar.
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Posted on May 23, 2012 00:45
Chinese growth is likely to slow to 8.2 percent this year, its weakest in more than a decade, before government support helps it rebound to 9.3 percent in 2013, the Organization for Economic Cooperation and Development (OECD) said Tuesday.
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Posted on May 23, 2012 00:40
The majority of listed companies that have released their financial performance forecasts are expected to witness gains in the first half of the year as China's economy moves out of a rut.
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Posted on May 23, 2012 00:00
Malaysia and Australia Tuesday signed a free trade agreement (FTA) that will strip away tariffs and which Canberra hopes will help jump-start negotiations with China, South Korea and Japan.
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Posted on May 23, 2012 00:00
The International Monetary Fund Tuesday supported Britain's decision to slow the pace of tough austerity measures to lift the country's growth amid major risks from the eurozone debt crisis.
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Posted on May 23, 2012 00:00
Europe came under mounting pressure Tuesday to take action to boost growth as the OECD warned the eurozone crisis has worsened and poses the most serious risk to a recovery for the global economy.
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Posted on May 23, 2012 00:00
Fitch cut Japan's credit rating by two notches Tuesday, citing the country's massive public debt, as Tokyo struggles to set the world's third-largest economy back on a growth track.
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Posted on May 23, 2012 00:00
The German central bank, the Bundesbank, announced Tuesday that it would this week issue 5 billion euros ($6.4 billion) worth of two-year bonds at zero interest for the first time ever.
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Posted on May 22, 2012 14:34
The presidents of the Vietnam General Confederation of Labor (VGCL) and the Federation of Trade Unions of Ukraine (FTUU) met here in Vietnamese capital Hanoi, discussing solutions to build stronger grass root trade unions, increase the quality of collective negotiations, work agreements and the number of trade union members.
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Posted on May 22, 2012 14:25
Japan remained the world's largest creditor nation in 2011 with a net 253 trillion yen (about $3.19 trillion) in foreign assets at the end of 2011, said Japanese government on Tuesday.
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Posted on May 22, 2012 14:21
US President Barack Obama on Monday expressed his support for Greece to remain in the euro zone, saying world leaders have "indicated their desire to see Greece in the euro zone."
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Posted on May 21, 2012 23:35
The Indian rupee sank to a record low for the fourth successive trading day Monday, hitting the key level of 55 to the dollar.
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