World economy
Fears about euro exaggerated, feels Chinese banker
26 Jun 2010
China has ruled out the possibility off a major apprecation of the yuan on euro losses and said the European single currency's long-term outlook is good
NSG not stern enough on Sino-Pak N-deal, feels India; but otherwise elated
26 Jun 2010
A statement issued at the end of a two-day meeting at Christchurch in Wellington, New Zealand, the NSG merely said it took note of briefings on developments concerning non-NSG states and that it agreed on the value of ongoing consultation and transparency.
Gobal economic recovery still fragile: PM
25 Jun 2010
Manmohan Singh asked world leaders to phase out expansionary fiscal policies and work towards calibrated exit strategies.
Sinking euro is good for exports, says EU
25 Jun 2010
The euro’s decline in recent months may boost exports from the currency area by 5 per cent, though the longer-term impact on economic growth is “less certain,” the EU said Thursday.
India to pitch for reforms at G20 meet
25 Jun 2010
With world leaders arriving in Toronto for the G8 and G20 summits the focus is now on Indian and China which are expected to play a pivotal role in a speedy global economic recovery.
EU to put banks under ‘stress test’ for worst-case scenario
25 Jun 2010
The EU is preparing to put its 25 biggest banks under a ‘stress test’ scenario in a bid to gauge whether their balance sheets are strong enough to cope with another sharp deterioration in the economy.
Cisco to help create Silicon Valley in Russia with $1-billion investment
25 Jun 2010
Networking giant Cisco yesterday pledged to invest $1-billion in Russia over the next decade in order to help the country establish a technology hub outside Moscow.
Yuan allowed to rise further ahead of G20 meet
25 Jun 2010
The Chinese yuan rose to its strongest level against the US dollar since December 2008, after the currency’s daily reference rate was set at a record high against the dollar ahead of the G-20 meeting.
China boosts US Treasury holdings to $900bn
21 Jun 2010
After lashing out at US fiscal policy as “irresponsible” a year back, Beijing has quietly resumed its purchases of US securities and boosted its holdings by 2.6 per cent to $900.2 billion in March and April 2010.
Australia, China sign A$10-billion trade deals
21 Jun 2010
China is Australia's largest trading partner, with two-way trade reaching A$85.1 billion last year, with Australia expecting the two-way trade to cross the $100-billion mark this year.
Israel to build world's biggest desalination plants
21 Jun 2010
The Israeli cabinet has approved a plan to build two of the biggest reverse osmosis desalination plants in the world slated to double desalinated water production in Israel.
China offers to make yuan more flexible
19 Jun 2010
US, Indian businesses may close ranks to counter China
19 Jun 2010
The India-US business forum has called for increased industry partnership between the two countries in order to face the increasing competition from China
Chinese wild cat strikes spread; hit Toyota, Carlsberg
19 Jun 2010
Toyota Motor Corp and brewer Carlsberg are the latest victims in a series of wild cat strikes spreading across the Chinese mainland.
NYT’s trillion dollar Afghan story runs into trouble
18 Jun 2010
A New York Times story on Afghanistan’s apparently vast mineral resources has come under fire for regurgitating old material and passing it off as new.
Japan rejigs growth strategy to emerge Asia-Pacific economic hub
18 Jun 2010
Japan's government today unveiled a new economic growth strategy to make Japan the nerve centre of a new Asia-Pacific free trade zone
Afghan mineral resources worth $3-trillion, says minister
18 Jun 2010
Hard on the heels of a report that Afghanistan’s untapped mineral resources were worth at least $1-trillion, an Afghan minister has said that at $3-trillion it is actually triple the US estimate.
India invested over $26 billion and created 60,000 jobs in US: study
16 Jun 2010
Indians made 127 greenfield investments, creating an additional 16,576 jobs in the US over a five-year period ending 2009, according to the study.
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