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India posts 8.8% GDP growth in Q2 2010

India saw 8.8 percent of year-on- year GDP growth in the quarter ending June 30 on low base in the previous year and robust domestic consumption, said a release by Indian Ministry of Statistics and Program Implementation Tuesday. The brisk growth rate is in line with economists' ...

Brazil's GDP to grow 0.5 to 1 pct in 2nd quarter

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China to expand trade with Arab, central Asian countries

China's only Muslim autonomous region is hoping to set up a free trade zone to expand two-way trade with Islamic countries, the local government said Friday. "We are hoping to further trade and economic cooperation with the world's Muslim community," said Ma Fu, head of the ...

547 Chinese mainland companies listed on Hong Kong bourse

As of July 31 this year, 547 Chinese mainland companies were listed on the Hong Kong bourse, said Stephen Lam Sui-lung, Secretary for Constitutional and Mainland Affairs of Hong Kong Special Administrative Region government on Saturday. The companies had raised a total of 2.7 ...

Gold price closes higher in Hong Kong

The gold price in Hong Kong closed up 42 HK dollars at 11,498 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,241.05 U.S. dollars, up 4.53 U.S. dollars a troy ounce at latest exchange rate of one U.S. dollar ...

China economy faces complicated domestic, international conditions

China's top economic planner said Thursday that China's economy still faced complicated domestic and international conditions. The foundation for world economic recovery remained fragile, and uncertain and unstable factors still abounded, said Zhang Ping, director of the National ...

Dow ends below 10,000 for first time since July 6

U.S. stocks pared morning gains and ended in negative territory on Thursday, with the Dow finishing below 10,000, as enthusiasm over better-than-expected jobs data was offset by mounting concerns about the economy. The Dow Jones industrial average shed 74.25 points, or 0.74 ...

U.S. state gov'ts face great financial difficulties: Treasury official

U.S. state and local governments are facing considerable financial difficulties amid declining revenues because of the recession and increasing need for their services, a senior Treasury official said on Monday. "State and local governments were hit especially hard by this ...

Wall Street sinks on economic worries

Wall Street turned negative on Monday as concerns over economic recovery overshadowed early deal excitement. Hewlett-Packard offered 1.5 billion U.S. dollars, or 24 dollars per share, for data storage provider 3Par, just one week after rival Dell agreed to acquire the company for ...

China runs surplus under current, capital accounts in first half

China continued to run a surplus under both the current account as well as capital and financial account in the first half, the State Administration of Foreign Exchange (SAFE) said Tuesday. The current account surplus totaled 126.5 billion U.S. dollars in the first six months, ...

Australian business conditions improve moderately

Australian business conditions moderately improved in September despite a slight fall in confidence, a survey showed on Tuesday. Business conditions survey conducted by the National Australia Bank (NAB), one of top five banks in Australia, showed conditions rose to seven index ...

Greece could tide over economic crisis through speeding up reforms

Ten months after the outbreak of the acute debt crisis in Greece which sent shockwave beyond the borders of the eurozone member country, the Greek government expresses confidence that in a three-year period Greece will exit out the dark tunnel and return to growth and prosperity. ...

Singapore 6th among 13 mid-cap markets

Singapore ranks sixth globally in terms of the number of listings brought in last year among 13 mid-cap markets, according to a survey by audit firm Nexia International, local newspaper the Business Times reported on Tuesday. The Singapore Exchange (SGX) ushered in 22 initial ...

China-World Bank collaboration scores win-win achievements

The Chinese and World Bank cooperation in the past three decades has registered fruitful win-win results, Zhu Guangyao, China's vice finance minister, told Xinhua here on Friday. "World Bank's funding and expertise have provided assistance to China's poverty-reduction and growth, ...

Dow Jones average tops 11,000 on Fed stimulus hopes

The U.S. stocks rose on Friday with the Dow Jones average topping 11,000 points for the first time since May, as a worse-than-expected jobs report fueled hopes for more stimulus measures from the Federal Reserve. The closely-watched government payrolls report showed the U.S. ...

Forum to promote Sino-Arabic investment, trade ties

The 2010 China Investment and Trade Fair and the first China-Arab States Economic and Trade Forum began Sunday in Yinchuan, capital of northwest China's Ningxia Hui autonomous region. The five-day forum aims to strengthen investment and trade ties between China and the Arabic ...

Wall Street, crude prices rise on Fed stimulus speculation

U.S. stocks rose on Friday with the Dow Jones average topped 11,000 points for the first time since May as a worse-than-expected jobs report added hopes for more stimulus measures from the Federal Reserve. The closely watched government payrolls report showed the U.S. economy ...

Strong AUD places burden on parts of Australia's economy

A strong Australian dollar exchange rate can be a burden on parts of the local economy, Prime Minister Julia Gillard said on Friday. "As I think we all know, from common sense and the understanding of the Australian economy, a high dollar is good for some parts of the economy and ...

China to further reform of yuan exchange rate formation mechanism

China would continue to further the reform of the formation mechanism of its currency (RMB) yuan exchange rate, but a sharp rise in the value of the currency would damage the Chinese economy, a senior official of the People's Bank of China (PBOC), China's central bank, said here ...

Inter-Korean trade shoots up 51.3% in H1

Trade volume between South Korea and the Democratic People's Republic of Korea (DPRK) in the first half of this year jumped 51.3 percent compared to the same period a year earlier, showed the data released by the Korea International Trade Association (KITA) Wednesday. The trade ...
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finance

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Retailer's Net Profit Falls 3%
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trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
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Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
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