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..
Investor worries on China's monetary tightening pulls down Seo..
03-16-2010
- Seoul shares saw a decline Monday on market speculation of monetary tightening in China and the U.S., local analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) dropped 13.24 points, or 0.80 percent, t..
Chinese vice premier calls for prudence with social security f..
03-16-2010
- China's Vice Premier Zhang Dejiang on Monday called for stronger management of social security funds and more efforts to maintain and increase the value of the funds.
Given the social security funds had a great bearing ..
Bank sees risk of GDP fall in Britain
03-16-2010
- The economy may contract again for one quarter, but is unlikely to return to recession, Bank of England policymaker Kate Barker said in a newspaper interview published.
Ms Barker said the harsh winter weather hit retail..
Study: foreign luxury retail brands fail quality control test
03-16-2010
- Clothes imported from some of the world top luxury brands, such as Hermes and Versace, have proven to be substandard in a routine quality control test, the Zhejiang administration for industry and commerce reported on Mo..
OPEC oil prices rise with fluctuations in narrow range
03-16-2010
- The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) continued to rise to 77.71 U.S. dollars per barrel last week, up by 1.42 dollars over a week ago, the Vienna-based cartel said Monday.
..
Investigation says Toyota Prius incident not duplicable
03-15-2010
- A U.S. federal investigation into a dramatic Toyoto Prius incident last week, whose owner claimed he experienced a sudden and unintended acceleration, said the incident could not be duplicated.
The investigation also ra..
Premier Wen: China to increase imports, promote balanced trade..
03-15-2010
- Chinese Premier Wen Jiabao said on Sunday China will strive to make balanced international payment and promote free trade, although protectionism worsens as the global financial crisis deepens.
"I am a staunch supporter..
China's automakers urged to improve quality management
03-15-2010
- China's Ministry of Information and Technology (MIIT) issued a guideline Sunday, urging the nation's auto producers to establish quality accountability mechanism to improve quality management.
The MIIT warned auto produ..