Greek economy shrinks by 2.5% in Q1
06-10-2010
- The Greek economy shrank by an annual rate of 2.5% in 2010 Q1, the country's National Statistics Agency announced on Wednesday.
The decrease is higher than the earlier estimate of 2.3 percent which was released a month ..
Indonesia increases foreign ownership limit on certain busines..
06-10-2010
- Indonesia has expanded foreign ownership limit on certain business sectors, such as agriculture and health care, as an effort to attract more investment in the Southeast Asia largest economy, according to a presidential ..
Nepali gov't working on price policy to control market prices
06-10-2010
- The Nepali government is working on a price policy to control market prices and ensure easy availability of daily essentials at reasonable prices, local media reported on Thursday.
According to The Rising Nepal daily, e..
Fire risk sparks Shanghai GM Cadillac recall
06-09-2010
- Shanghai GM is recalling 4,199 imported Cadillac vehicles installed with faulty windshield wiper fluid systems that could lead to fires, China's top quality watchdog said Wednesday.
The recall involves 1,032 Escalade ve..
Hungarian PM announces new economic rescue package
06-09-2010
- Hungary's Prime Minister Viktor Orban announced plans to rescue the country's economy in parliament on Tuesday.
Orban announced tax cut plans and pledged the streamlining of the tax system. He said his government plans ..
Jobless rate of S. Korea down to 3.2% in May
06-09-2010
- Jobless rate of S. Korea fell to 3. 2 percent in May, down from 3.8 percent in the previous month, thanks to a faster-than-expected economic recovery, a government report showed Wednesday.
According to the report by Sta..
Consumer sentiment of Australia down in June
06-09-2010
- Jittery financial markets and uncertainty surrounding the proposed mining super tax has hit consumer sentiment, which down for a second consecutive month, Australian economist said on Wednesday.
The Westpac-Melbourne In..
Chinese power giant Huaneng launches coal conversion project i..
06-09-2010
- Leading Chinese power company Huaneng said Tuesday it has launched a 26 billion yuan (3.8 billion U.S. dollars) synthetic natural gas (SNG) project in northwest China's Xinjiang Uygur Autonomous Region to boost energy ex..
China's ICBC provides $8 bln in trade finance for small busine..
06-09-2010
- China's largest commercial lender, the Industrial and Commercial Bank of China (ICBC) said on Tuesday it has offered 55.01 billion yuan (8.09 billion U.S. dollars) to assist small businesses during the first four months ..
Brazilian economy to grow faster this year
06-08-2010
- Brazil's economy will rise 6.6 percent 2010, up from the original projection of 6.47 percent, according to a new survey released on Monday.
But the estimate for next year's growth are unchanged at 4.5 percent, said Focu..