2009 sees record number of bankruptcies in Denmark
01-06-2010
- Nearly 5,900 companies went bankrupt in Denmark in 2009, a 50-percent increase over 2008, according to news reaching here from Copenhagen on Tuesday.
Agriculture, fisheries, financial institutions, production companies..
China's power consumption grows 6% in 2009
01-06-2010
- China's electricity consumption in 2009 grew 5.96 percent year on year to 3.643 trillion kilowatt-hours, the National Energy Administration said Wednesday.
Source:http://news.xinhuanet.com
China reveals plan to develop Hainan into global tourism desti..
01-05-2010
- The Chinese government said on Monday that it aims to build the southern island of Hainan into a top international tourism destination by 2020.
The country also plans to develop the only tropical island province to be ..
PM: Japanese gov't not to allow double-dip recession
01-05-2010
- Japanese Prime Minister Yukio Hatoyama Monday vowed to make every effort to prevent the nation from sinking deeper into recession by expeditiously passing budget bills for the current financial year and next.
At his fi..
China surpasses U.S. as biggest buyer of Brazilian products
01-05-2010
- China overtook the United States as the biggest buyer of Brazilian products in 2009, the Brazilian industry and trade ministry said on Monday.
China imported products valued at 19.9 billion U.S. dollars from Brazil, wh..
Troubled British bank splits into two parts as buyers move in
01-05-2010
- The troubled British bank Northern Rock, which had to be saved from collapse by the government, has been split into two parts.
Monday was the first day of business for the two parts of the bank, which formally split on..
Australian trade union president criticizes executive pay plan..
01-05-2010
- Australian Council of Trade Unions (ACTU) President Sharan Burrow said Monday that a final report on executive pay failed to address the problem of corporate greed.
The final report of the Productivity Commission sugge..
Australia's debt-laden Griffin Coal being assessed by administ..
01-05-2010
- West Australian (WA)'s major coal supplier Griffin Coal will continue to operate while administrators are assessing whether a restructure of the debt-laden group is achievable.
The five coal mining subsidiaries of the ..
Dubai to open world's highest tower to cater for more tourists..
01-04-2010
- Dubai is set to open the world's tallest building to cater to growing numbers of tourists to the Gulf Arab emirate amid tight security, according to media reports Monday.
The tower is being celebrated as a bold feat on..
Bernanke vows to strengthen financial regulation to prevent ne..
01-04-2010
- The U.S. Federal Reserve should strengthen financial regulation to fight against excessive speculation that could send the U.S. economy into a new crisis, Federal Reserve Chairman Ben Bernanke said Sunday.
"All efforts..