 Italy approves 30 billion-Euro emergency plan for economy |
Italian Prime Minister Mario Monti announced 30 billion euros (US$40 billion) of austerity and growth measures as he seeks to cut the euro-region's second-biggest debt and prevent a breakup of the euro, says Bloomberg.
Monti's Cabinet in R |
| Central banks cut cost of borrowing dollars to ease crisis |
Six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to ease Europe's sovereign-debt crisis, says Bloomberg.
Stocks rallied, driving the Dow Jones Industrial Average up |
| ADB: China's GDP growth in 2010 to reach 9.6% |
| The Asian Development Bank (ADB) Tuesday lifted its forecast for China's 2010 gross domestic product (GDP) growth while lowering its forecast for 2011 on account of expected monetary tightening measures. ADB estimates China's GDP will grow by 9.6 per |
| ADB: Asian countries need to raise interest rates to prevent asset bubbles |
| Asian Development Bank said that Asian countries needed to start raising interest rates to prevent inflation and to avoid asset bubbles.
"Asian Development Outlook 2010" report was released today, which pointed out that follo |
| Xi Jinping: Sino-Belarusian ties have broad prospects |
| Under new circumstances, bilateral relations between China and Belarus are bestowed with great opportunities and have broad prospects, said visiting Chinese Vice President Xi Jinping in a meeting with Belarusian Prime Minister Sergei Sidorsky here on |
| US should objectively judge whether China manipulate RMB or not |
| The US government should objectively judge whether China manipulate its currency or not, US experts said, as legislators urge the government to label China as currency manipulator.
Under the pressure of the election year and |
| ''Gold fever'' once again sweeping across world |
| The price of gold, like that of crude oil, is expected to continue to maintain upward because of uncertainties now affecting the world, and this a consensus shared by economic optimists. And pessimists, however, note that the gold price |
| Dubai debt crisis brings forth 3 viewpoints on revelation |
| When people around the world are rejoicing at worldwide efforts to tide over the financial crisis, Dubai, a luxury city built in desert, has reportedly bogged down into a debt crisis, and is almost seting off a hurricane across global financial and c |
| H Tang: Dubai World only causes short-term fluctuation |
On the Dubai World's debt crisis, which has led to market worries about a second wave of financial tsunami, Chief Secretary Henry Tang said today that he expected the incident to only cause short-lived market fluctuation but not long-term impact.
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| CLSA: Asian assets safe haven in Dubai World case |
| The Dubai Ministry of Finance's request for Dubai World to halt financing has rocked global markets. In an environment like this, Asian assets should be a safe haven, as the Asian model since 1997 has focused on strengthening balance sheets, CLSA say |
| Financial crisis impact not to be overlooked in Africa |
Global financial crisis could make world economy enter an era of slow growth in trade, and this is particularly detrimental or harmful to low-income countries, and African economy has become the focus of attention.
At the Fourth African Econom |
| R Mundell: greenback to grow strong in months |
Economics Nobel Prize winner and Columbia University professor Robert Mundell said there is possibility the USD will grow strong in the coming few months as the US economy recovers.
While the market is concerned about the US' debts, the USD, a |
| Aviation industry likely to recover in 2010 |
| The 11th 2009 Dubai International Air Show, running from Nov. 15 to 19 , has come to an end. Data released by the Airshow Committee indicate that the turnover is not so optimistic or encouraging despite the majority of exhibitors having announced the |
| Keep up policy support intensity to spur economic growth |
| Four countries have raised the curtains on an interest rate hike with their respective moves. The Reserve Bank of Australia (RBA) raised its benchmark interest rate by a quarter percentage point to 3.5 percent for a second straight month, following a |
| Pooling world intelligence for common development |
The 2009 Conference on International Exchange of Professionals (CIEP)，held on November 7-8 at the Shenzhen Convention and Exhibition Center, has been the only state-level international talent exchange conference in China.
More than 1,000 organ |
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