ASEAN to provide access to financing for SMEs

2011-05-08 16:40:49

Trade ministers of ASEAN have agreed to provide access to financing and to set product standard for small and medium enterprises.

Sino-Austrian bilateral trade to double

2011-05-06 07:53:25

Austria and China - the country's biggest trading partner outside the EU are expected to double bilateral trade volume within five years.

US jobless claims hit 8-month high

2011-05-05 22:17:41

The number of Americans filing for jobless benefits rose to an eight-month high last week and productivity growth slowed in the first quarter.

Networks, Emmys, reach 8-year, $66m

2011-05-05 15:02:41

The Emmy Awards and the four major TV networks agreed to an eight-year, $66 million deal that allows for changes in the ceremony.

Rio Tinto chairman warns global economy remains weak

2011-05-05 13:39:57

Rio Tinto is running strongly and benefiting from favourable but volatile markets for its products, the head of the Australian mining company said on Thursday.

China, US have great potential to grow together

2011-05-05 11:23:49

The US and Chinese economies have great potential to grow together and the two sides need to make concrete progress in bilateral cooperation, said Lael Brainard, an undersecretary at the Treasury Dept.
Experts: Time not ripe to float China's yuan

Freddie Mac loses $929 million

2011-05-05 10:44:28

Mortgage finance giant Freddie Mac (FMCC.OB) on Wednesday said it lost just short of a billion dollars last quarter, though it did not ask taxpayers for more aid as the loss stemmed from interest payments to the government.

S.Korea approves EU free trade bill

2011-05-04 22:28:32

South Korea's parliament approved a free trade bill with the EU on Wednesday, clearing the last obstacle for the pact to take effect.

3 bn more Asians may be affluent by 2050

2011-05-04 19:47:02

Some 3 billion Asians could rise to affluent status by 2050 if Asia sustains its present growth momentum.

Next gets warm weather

2011-05-04 19:02:32

Next, Britain's No. 2 fashion retailer, raised its guidance after first-quarter sales beat expectations.

ECB to signal more rate hikes

2011-05-04 16:51:37

The European Central Bank will underline its determination to keep raising interest rates as it tries to restrain inflation.

US sues Deutsche Bank in mortgage fraud case

2011-05-04 13:01:14

The US government sued Deutsche Bank AG for more than $1 billion, accusing the German bank of defrauding it by repeatedly lying to obtain federal insurance guarantees on mortgage debt.