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EurAsEC to Set Up 10-Billion-Dollar Anti-Crisis Fund: The Eurasian Economic Community (EurAsEC) will create a 10-billion-U.S.-dollar fund to deal with the global financial crisis, Belarusian President Alexander Lukashenko said here on Wednesday. Russia and Kazakhstan will contribute 7.5 billion and 1 billion dollars respectively to ...

China's Consumer Price Index Up 1.0% in January: China's consumer price index (CPI),a major gauge of inflation, went up 1.0 percent year-on-year in January this year, the National Bureau of Statistics said on Tuesday. The rise rate was 0.2 percentage points lower than the previous month.

U.S. Senate Approves Massive Stimulus Package: U.S. Senate Tuesday approved President Barack Obama's massive stimulus package, which was designed to revive the sagging American economy. The vote was 61-37. Lawmakers had to resolve differences between the Senate 838-billion-dollar bill and an 819-billion-version of the ...

Sweden to Cut Key Interest Rate: The Swedish central bank Riksbanken announced its decision on Wednesday to cut the interest rate by one percentage point to 1 percent. The reduction in interest rate is necessary to dampen the fall in production and employment and to attain the inflation target of 2 percent, the ...

Japan's Economy Contracts 12.7% in Q4: Japan's gross domestic product (GDP) contracted by an annualized 12.7 percent in the October-December quarter of 2008, the fastest pace in about 35 years as the global financial crisis took a heavy toll on the world's second largest economy, said a government report on Monday. It ...

China's January Fiscal Revenue Down 17.1% as Economic Growth Slows: China's fiscal revenue fell 17.1 percent in January from a year earlier to 613.16 billion yuan (89.77 billion U.S. dollars), the Ministry of Finance (MOF) said. The ministry attributed the decline to slowing economic growth,which affected business profitability, and wide-ranging ...

Japan to Provide Bangladesh $426 Mln Loan For Power, Bridge Projects: Japan will provide Bangladesh a loan of 29.8 billion Taka (about 425.9 million U.S. dollars) for power plant and bridge projects in the country, said a press release issued here Sunday. The loan agreement was signed here on Sunday by representatives of the two governments, said ...

HK's Consumer Price Up 3.1% in January: Hong Kong's overall consumer prices rose 3.1 percent in January, announced the Census and Statistics Department of Hong Kong here Monday. According to the Composite CPI figures for January released by the department, overall consumer prices rose 3.1 percent in January over the ...

Japan's Trade Deficit Expands to Record High in Jan.: Japan's trade balance was in the red for the fourth straight month in January, registering a record trade deficit of 952.6 billion yen (9.97 billion U.S. dollars) in January, the finance ministry said Wednesday. In a preliminary report, the ministry said that imports were down 31...

China, Germany Sign Procurement Deals Worth Around 11 Bln Euros: A Chinese business delegation, led by Commerce Minister Chen Deming, signed here on Wednesday a total of 37 procurement deals worth around 11 billion euros (14 billion U.S. dollars) with German companies. According to Chen, the 37 deals are composed of two parts -- purchasing ...

Japan's Industrial Production Falls 10% in January From December: [object Object]

U.S. Government Launches New Plan to Help Borrowers Stay in Homes: The U.S. government on Wednesday launched a housing plan designed to help prevent borrowers from losing their homes through refinanced mortgages or loans that are modified to lower monthly payments. The plan was announced two weeks ago by U.S. President Barack Obama and offers ...

Denmark Cuts Interest Rate by 0.75 Percentage Points: Denmark's central bank Nationalbank announced Thursday that it had decided to cut its lending rate, according to reports reaching here from Copenhagen. "The lending rate and the rate of interest on certificates are lowered by 0.75 percentage points to 2.25 percent. The discount ...

China's Producer Price Index Down 4.5% in Feb.: China's producer price index (PPI) fell for the third straight month, dropping 4.5 percent year on year in February, the National Bureau of Statistics said Tuesday. The decline in the PPI, a major measure of inflation at the wholesale level, was 1.2 percentage points higher than ...

Japan's Key Economic Index Down 2.6 Points to 6-Year Low: Japan's composite index (CI) of coincident economic indicators sank for the sixth consecutive month in January to the lowest level since December 2002, the cabinet office said in a preliminary report Tuesday. The key gauge of Japan's current economic state lost 2.6 points from ...

New Zealand Central Bank Cuts Interest Rate to 3%: New Zealand Reserve Bank Governor Alan Bollard on Thursday announced a cut of the country's official interest rate to 3 percent from 3.5 percent. The cut of 50 basis points in the official cash rate (OCR) takes the overall reduction to 525 basis points in little more than six ...

Hong Kong's March Consumer Prices Index Grow 1.2%: Hong Kong's composite consumer price index in March rose 1.2 percent year on year, while the underlying inflation rate slowed down to 2.6 percent from the average of 3.3 percent in the previous two months, statistics released by the Hong Kong Special Administrative Region ( HKSAR...

China's Central Bank to Stick to Moderately Easy Money Policy: A senior Chinese central bank official said Wednesday the bank would continue to implement the moderately easy monetary policy to promote steady and fast economic growth. Economic signs in China are "better than expected" because of the country's proactive fiscal policy, ...

Sweden Cuts Repo Rate by 0.5%: The Swedish central bank Riksbank cut its repo rate by 0.5 percentage points to 0.5 percent to boost the country's production and employment. The lower interest rate is necessary to "dampen the fall in production and employment" and to maintain the inflation target of2 percent, ...

Brazil to Grant $1.78 Bln Loans to Local Gov'ts: The Brazilian government said on Monday that the National Monetary Committee had approved a credit line of 4 billion reais (1.78 billion U.S. dollars) for the country's 26 states and the Federal District. According to the government, the credit line aims at helping the states ...

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China offers inspirations to global dilemmas: BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...

Bill Gates talks nuclear: Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

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China's farm product pricing plan shifts to market orientation: The Number One Document also proposed a new pricing plan for China's ...

IMF chief warns of risks to recovery: DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Minivans rev up sales for GM: Sales of General Motors and its Chinese ventures accelerated in ...

Court rejects Apple lawsuit over iPad name: Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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