China - US No. 1 foreign creditor
11-20-2008
- China is now officially the US government's largest foreign creditor after overtaking Japan, in a development that signals Washington's increasing reliance on Beijing to save its economy. China became the largest foreign..
TV industry blames slump in ad revenues for cutbacks, layoffs
11-20-2008
- Canada's two largest private television companies have recently announced layoffs to cope with a slump in advertising revenues, but one analyst questions just how challenged the companies' television divisions really are..
Auto trade struggles as Volvo cuts jobs
11-20-2008
- Volvo has cut 130 jobs at its Brisbane commercial vehicles factory, Australian Manufacturing Workers Union (AMWU) says.
AMWU assistant state secretary Warren Butler said the company announced on Wednesday it would lay o..
Asia-Pacific Experts Urge to Remove Investment Barriers
11-20-2008
- According to the 2008 report issued by the Pacific Economic Cooperation Council (PECC), experts from the Asia-Pacific Economic Cooperation (APEC) member economies are deeply concerned about how to remove investment barri..
Dollar rallies after blow from US inflation data
11-20-2008
- The dollar recovered against the euro late on Wednesday after falling sharply on news that US consumer prices plunged by a record 1.0 percent in October amid an accelerating global financial crisis. In..
Asian stocks slip as auto crisis deepens
11-19-2008
- Asian stock markets stumbled Wednesday as fears grew for the future of the "Big Three" US carmakers -- a key pillar of the world's largest economy -- which are pleading for a government bailout.
Europe's economic woes c..
Oil prices near 22-month lows
11-19-2008
- World oil prices held steady on Wednesday at their lowest levels in about 22 months but analysts said they will drop even lower because of worries over falling energy demand.
In late afternoon trade New York's m..
Asia-Pacific leaders meet for free-trade appeal
11-19-2008
- Top officials from across the Pacific rim were set to open talks here Wednesday on the global economic crisis and to issue a joint appeal against protectionism.
Peru, where Maoist guerrillas have stepped up attacks in r..
WTO starts investigation of Thai cigarette rules
11-18-2008
- The World Trade Organisation, acting on a complaint from the Philippines, on Monday set up a panel to investigate whether taxes affecting foreign cigarettes in Thailand violate global trade rules.
In submissions to the ..
Russia Intends to Trim Poultry, Pork Import Quota
11-18-2008
- The RF Agriculture Ministry has suggested reducing the poultry import quota by 300,000 tons and slashing the pork quota by 200,000 tons in 2009. The response of Prime Minister Vladimir Putin was not to delay the decision..