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China's trade surplus may widen
Beijing: China may generate a trade surplus of more than $70 billion this year, up from last year's $32 billion according to an International Business Daily newspaper.

The country's trade surplus with the US alone would reach $100 billion this year, reported as in the five months of the year the trade surplus with the US had already reached $39 billion. With the EU, the 2005 trade surplus would be $60 billion, compared with $26 billion in the first five months the paper said.

China's exports in January-May period increased by 33.2 per cent from a year earlier to $276.4 billion, while imports rose 13.7 per cent to $246.4 billion, resulting in a trade surplus of $30 billion, earlier government data showed.
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GECIS moves to open BPO centre in Romania
New Delhi: GECIS which is India's biggest BPO outfit, has announced that it will locate its next business process outsourcing centre at Bucharest, in Romania as part of its global expansion strategy.

"The Romanian facility will handle a variety of complex finance and accounting, supply chain management, IT, engineering and customer services process for GE and other blue chip clients across Europe.

GECIS will move into 4,000 sq.m of modern office space in north Bucharest's Iride business park in August, which has the expansion capacity of 8,000sq-metres for 1,500 employees. Initial employment will be about 170," the statement added.

The centre will cater only to European customers.
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India talks to US and Israel for R&D deals
New Delhi: India is promoting collaborative industrial research in five technology areas with Israel and is in talks with the US for a comprehensive research agreement covering sensitive areas like clinical trial protocols and export of bio-resources.

The agreement with the US is likely to be signed during the Prime Minister's visit to that country later in the year.
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