China UnionPay opens service in UK
06-03-2010
- China's bank card network operator China UnionPay has opened its service in Britain. Card holders can now use their cards to pay at designated merchants.
China UnionPay and Britain's Royal Bank of Scotland announced on ..
Data shows Australia in trade surplus in April
06-03-2010
- Australia on Thursday posted its first monthly trade surplus in just over a year as exports soared 11 percent in April.
The trade balance of goods and services was a 134 million dollars (113 million U.S. dollars) surplu..
Ford to end production of Mercury by end of 2010
06-03-2010
- Ford Motor Co. will end the production of its mid-market Mercury brand to focus its resources on reviving luxury-brand Lincoln, the automaker said on its website Wednesday.
The automaker said it plans to end production ..
Indonesian central bank forecasts growth to reach 6.5% in 2011..
06-03-2010
- Indonesia's economic growth is estimated to reach 6.5 percent in 2011, slightly higher than the target initially set by the government at 6.4 percent, the acting Indonesian Central Bank (BI) Governor Darmin Nasution said..
First annual New York Forum on global economy to be held in Ju..
06-03-2010
- The first annual New York Forum, launched by Davos World Economic Forum founder Richard Attias, will be held on June 22-23.
Attias said at a New York Foreign Press Center Wednesday that the upcoming event will bring tog..
U.S. pending home sales up 6.0 % in April
06-03-2010
- U.S. pending homes sales rose in April to the highest level since last October, according to a report released Wednesday by a leading U.S. housing research organization.
The National Association of Realtors's Index of P..
Spain's May consumer confidence down
06-03-2010
- Data issued by Spain's Official Credit Institute (ICO) on Wednesday show that consumer confidence in Spain fell during the month of May.
Confidence fell by 13.1 points, due to a drop in expectations, above all in terms ..
Reform raises natural gas prices
06-02-2010
- The National Development and Reform Commission (NDRC) announced a 24.9 percent rise in natural gas prices Monday in a reform to spur supply of the cleaner-burning fuel, the use of which is growing fast as the count..
Germany's jobless rate down on spring upswing
06-02-2010
- Germany's unemployment rate declined to 7.7 percent in May as a traditional seasonal revival in the labor market combined with a resilient economy, government figures showed yesterday.
The unadjusted jobless rate ..
Mexican inflation expectations ease in May
06-02-2010
- A survey showed expectations for inflation in Mexico have dropped by 0.25 percentage points to 4.94 percent in May, while forecasts for growth have edged up, the Bank of Mexico said Tuesday.
Results of the survey showed..