Nepali gov't mulls over revision in privatization policy
12-07-2009
- Nepali government is mulling over abandoning nearly two-decade long privatization policy of selling out state-owned assets to private parties and adopting a policy of gradual disinvestment of equity of Public Enterprises..
Myanmar to install 150,000 more mobile phones in two major cit..
12-07-2009
- The Myanmar telecommunication authorities will add 150,000 more CDMA phone lines in two major cities of Yangon and Mandalay this month to provide better telecommunication services, the state-run Myanmar Posts and Telecom..
China Unicom to invest heavily in Tibet's telecommunications b..
12-07-2009
- China Unicom, the nation's leading telecommunications operator, announced Sunday it would invest 1.8 billion yuan (265 million U.S. dollars) in Tibet to upgrade the information infrastructure on the plateau.
The invest..
China spends 6.5 bln yuan protecting northern grasslands
12-07-2009
- China has invested more than 6.5 billion yuan (959 million U.S. dollars) to preserve grasslands in northern Inner Mongolia Autonomous Region, said the regional government.
The money has been spent on returning grazing ..
AIG chooses HK as AIA listing venue
12-04-2009
- The American International Group Inc.(AIG) said Thursday it chose Hong Kong as the listing venue for its Asian life insurance unit American International Assurance (AIA), media reports said on Friday.
The trouble..
Obama calls for new ideas for job creation in U.S.
12-04-2009
- U.S. President Barack Obama Thursday called on business leaders at a jobs forum he hosted at the White House to generate more jobs to tackle the rising unemployment.
"I heard a great deal of challenges this afternoon a..
French official unemployment flat at 9.1%
12-04-2009
- The unemployment rate in France's mainland stands at 9.1 percent in the third quarter, virtually stable compared to the second quarter, the official statistics bureau INSEE announced on Thursday.
There were 2.58 millio..
ECB moves to phase out some extraordinary liquidity measures
12-04-2009
- European Central Bank (ECB) has decided to phase out some extraordinary liquidity measures, ECB President Jean-Claude Trichet said on Thursday.
"The improved conditions in financial markets have indicated that not all ..
European Central Bank keeps key rate steady as expected
12-04-2009
- The European Central Bank (ECB) maintained its key rate at 1 percent on Thursday, in line with analysts' expectations before hand.
"Based on its regular economic and monetary analyses, the Governing Council decided to ..
Crisis peak has passed: Putin
12-04-2009
- The worst of the global financial crisis and economic downturn was over in Russia, Prime Minister Vladimir Putin said on Thursday.
"I can say with a large degree of confidence that the peak of the crisis is over, thoug..