Mainland, HK property retains allure
06-01-2010
- Real estate on the Chinese mainland and Hong Kong retains a strong long-term allure despite current fears of a damaging bubble, according to an influential player in the regional market.
Alastair Hughes, Asia-Pacific ch..
WEF redesign conference opens in Qatar
05-31-2010
- The World Economic Forum (WEF) Global Redesign Summit kicked off Sunday in the Qatari capital of Doha with the participation of representatives from 90 countries.
Bringing together business, political, and civil society..
Fitch's Spain downgrade casts more shadow on Europe's economic..
05-31-2010
- Amid skepticism over the European Union's ability to clamp down the debt crisis and keep it from spreading to other weaker economies, U.S. markets rattled as global rating agency Fitch cut Spain's credit rating to AA+ fr..
Greek government rules out debt restructure
05-31-2010
- Greece does not intend to restructure its national debt in the near future or postpone payments to holders of Greek state bonds in the long-term future, Greek Finance Minister George Papaconstantinou said.
In an intervi..
Indian GDP growth hits 7.4% in 2009-2010
05-31-2010
- Indian GDP growth reached 7.4 percent during 2009-2010 fiscal year ending March, beating forecast of 7.2 percent, said Indian Ministry of Statistics and Program Implementation on Monday.
Source:http://ne..
Portugal launches measures to reduce deficit
05-31-2010
- The Portuguese government approved this month a package of extraordinary measures to reduce public deficit and boost economic growth, after rating agencies downgraded its credit quality.
Portuguese Prime Minister Jose S..
Price surge in certain agricultural products has limited impac..
05-31-2010
- Price surge in some agricultural products such as garlic and mung beans would have a limited impact on China's overall inflation, said Peng Sen, vice minister of the National Development and Reform Commission (NDRC), the..
Honda's China plants halt production as workers strike for hig..
05-28-2010
- The assembly plants of Japan's second-largest automaker Honda in China have been forced to halt production as workers at a parts maker went on strike demanding higher salaries.
Hundreds of workers, wearing white uniform..
Google says it generated $54 bln for U.S. economy
05-28-2010
- Google, owner of the world's most popular search engine, says it generated 54 billion U.S. dollars in economic activity in 2009 as businesses turned to online advertising amid the economic slowdown.
In a report released..
Petrobras, Turkish TPAO to enhance oil exploration research in..
05-28-2010
- Brazil's state-run oil and gas giant Petrobras Thursday signed a document with the Turkish Petroleum Corporation (TPAO) to enhance deep-water oil exploration research in Turkish Black Sea.
The Memorandum of Understandin..