Toyota faces racketeering charges
03-18-2010
- U.S. consumers who seek civil damages against Toyota for diminished resale value of recalled vehicles are trying to add racketeering claims to the charge.
Under the Racketeer Influenced and Corrupt Organisation Act, a c..
Bank of England focuses on economic recovery despite inflation..
03-18-2010
- The minutes of Bank of England's ( BoE) Monetary Policy Committee (MPC) meeting said on Wednesday that the British central bank decided not to increase interest rates and not to extend the quantitative easing program for..
Business outlook survey shows sentiment falls in Japan
03-18-2010
- Sentiment on the economy for major companies fell in Japan for the January to March quarter, according to the business outlook survey, released by the Cabinet Office on Thursday.
The business survey index (BSI) on busin..
OPEC celebrates 50th anniversary
03-18-2010
- The Organization of Petroleum Exporting Countries (OPEC), headquartered in Austrian capital city Vienna, performed a ceremony on Wednesday at its new headquarters, celebrating its 50th anniversary.
Attending the 156th O..
WB praises China's re-focus on economic restructuring
03-18-2010
- The World Bank has welcomed the efforts of the Chinese government to restructure the country's economy.
The World Bank said in its latest China Quarterly Update released Wednesday that the re-focus had trained onto key ..
U.S. senators ratchet up pressure on yuan amid economic woes
03-18-2010
- Under the pressure of the election year and high unemployment, some U.S. senators proposed legislation on Tuesday to press China to appreciate its currency.
Five senators introduced the Schumer-Stabenow-Graham Currency ..
World Bank sees China GDP up 9.5% in 2010
03-17-2010
- The World Bank has raised its economic growth forecast for China from 8.7 percent to 9.5 percent, citing a boost in exports, strong growth in real estate and robust domestic spending.
Building on the momentum shown in t..
Asia's first-ever EUREKA conference held in S Korea
03-17-2010
- Asia's first-ever EUREKA Day event, a European-led research and development (R&D) conference, was held here Wednesday, enhancing cooperation in investment and technology between the two regions, the South Korean gove..
Canada probes Toyota response to gas pedal problems
03-17-2010
- Transport Minister John Baird said Tuesday that his department has started an investigation of safety concerns with Toyota cars as well as the company's response to gas pedal problems with its vehicles in Canada.
Baird ..
Half of China's bankers think monetary policy will not change ..
03-17-2010
- People's Bank of China (PBOC) issued a report Tuesday, saying 51.7 percent of the bankers responding to a survey thought the nation's monetary policy would not change in the next three months.
It was a decline of 14.3 p..