Asia stocks down amid negative signals
September 19, 2011
Asian stocks slumped early Monday amid a muddled U.S. economic picture and fears that Europe will not be able to come up with a plan to prevent Greece from defaulting on its debts.
China needs financial reform in 5 years: IMF
September 18, 2011
The International Monetary Fund estimates that China has five years to reform its financial system to keep it effective, a top IMF official said Friday.
China money mkt rates stable, poised for rise next week
September 17, 2011
China’s money market rates were steady Friday morning, but were expected to rise next week because of forthcoming cash calls amid already tight market liquidity, traders said.
China starts to reshuffle engineers of economic boom
September 7, 2011
China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation.
Toyota to halt Camry exports to North America
September 6, 2011
Japan’s Toyota will stop exporting its Camry sedan to North America and fully shift to local production for the vehicle, regarded as one of its signature cars in the United States.
Gold falls $200 from Tuesday’s record high
August 27, 2011
Gold extended losses on Thursday to fall as much as $200 from Tuesday’s record high, as investors favoured assets seen as higher risk and after the CME Group hiked trading margins for the precious metal for a second time this month.
Syria economy hit by demos but not collapsed: experts
August 25, 2011
The Syrian economy, hit hard by five months of anti-government protests, could survive unrest and sanctions into next year but experts and officials warn of a sharp deterioration afterwards.
Spain acts to boost coffers, stimulate housing
August 21, 2011
Spain’s government agreed Friday steps to boost state coffers by 4.9 billion euros ($7.0 billion) and aid the property sector in 2011, aiming to calm fears of a sovereign debt crisis.
World economy needs US-China cooperation
August 20, 2011
US Vice President Joe Biden, starting a visit to China under a cloud of criticism over the US debt crisis, told his hosts Thursday that the two nations held the key to global economic stability.
Maruti Suzuki launches new hatchback model
August 18, 2011
Top Indian carmaker Maruti Suzuki on Wednesday launched a new version of its best-selling Swift premium hatchback as it seeks to reinvigorate its sales in Asia’s third-biggest automobile market.