Apple reports labor, safety problems at suppliers

2011-02-17 10:39:53

Apple Inc says its audits found labor, safety and other abuses by its suppliers in 2010, though it praised Taiwan manufacturer Foxconn for saving lives through its handling of a spate of suicides at its factories in China.

S Korea expected to invest $12b in Indonesia

2011-02-16 15:37:25

South Korean President Lee Myung-bak on Wednesday met with a presidential delegation from Indonesia and pledged support for economic development projects of the Southeast Asian nation, his office Cheong Wa Dae said.

D.Boerse unveils NYSE deal, faces bumpy road

2011-02-16 10:33:20

Deutsche Boerse faces a long, hard struggle to get approvals from a host of regulators for its $10.2-billion takeover of NYSE Euronext to form the world's largest exchange operator.

'Drought will not hit world grain prices'

2011-02-16 07:31:41

China sought to ease fears on Tuesday about the global impact of a drought in its wheat-growing regions that has raised concerns about world food prices. Price falls as China wheat supply worries ease

Eurozone trade surplus drops sharply in 2010

2011-02-15 22:14:09

Eurozone's trade surplus dropped sharply in 2010 compared with the previous year.

WTO urges Japan to reform, free trade

2011-02-15 21:55:14

Japan must liberalise its foreign trade as part of wide-ranging structural reforms to restore competitiveness and boost growth

Eurozone agrees funding for future bailout fund

2011-02-15 10:00:44

European finance ministers decided to provide euro500 billion ($674 billion) for a new crisis fund that will come into force in 2013.

Caution as economy overtakes Japan's

2011-02-15 06:57:14

China still has a long way to go to improve its economy, despite formally overtaking Japan as the world's second largest economy.

Business leaders to promote service sector at APEC

2011-02-14 22:33:15

World business leaders gathering in South China Monday vowed to promote the service sector among the APEC (Asia-Pacific Economic Cooperation) members.

OECD indicators foresee continued expansion

2011-02-14 19:49:06

Most member countries of the Organization for Economic Cooperation and Development (OECD) will continue to see expansion in near term as the OECD composite leading indicators (CLIs) for December 2010 mostly showed an upwards trend.

Japan confirms China surpassed its economy in 2010

2011-02-14 10:14:57

Japan confirmed Monday that China's economy surpassed its own as the world's second largest in 2010 and said a late-year downturn was Japan's first quarterly contraction in more than a year.

Bank official defends exchange rate regime

2011-02-14 06:34:00

The market-based managed floating exchange rate regime tied to a basket of foreign currencies is the "best choice" for China's socialist market economy, a central bank official said here Sunday.