International

Goldman Sachs says China’s GDP growth at 7.8% in Q2
08/07/2009 05:00
China’s gross domestic product (GDP) growth in the second quarter this year is forecast to accelerate close to 7.8 percent, Goldman Sachs Asia and the Beijing-based Gaohua Securities Company said in a report Wednesday. “The figure is above our...
Oil prices slump under $62 as equities slide
08/07/2009 05:00
Traders work in the crude oil options pit at the New York Mercantile Exchange on July 6 in New York City Oil prices plunged Wednesday under US$62 to hit the lowest levels since May, as the gloomy economic...
World starting to pull out of deep recession: IMF
08/07/2009 05:00
Traders are pictured at their desks in front of the DAX board at the Frankfurt stock exchange July 6, 2009. The global economy is starting to pull out of its deepest recession since World War Two but recovery...
Swiss to stop UBS handing over data in US tax row
08/07/2009 05:00
Switzerland has vowed to prevent UBS from handing over client information to US authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties....
NOL, 13 ship lines try to end US price war, âpanicâ
08/07/2009 05:00
A cargo ship from Neptune Orient Lines Ltd.âs APL Ltd. unit is moored at the Port of Busan in South Korea in February 2009. Neptune Orient Lines Ltd.âs APL Ltd. unit, China Cosco Holdings Co. and 12 other...
G5 speak out on global challenges
08/07/2009 05:00
Five leading developing countries — China, India, Brazil, South Africa and Mexico (G5) –spoke out on Wednesday afternoon in Italian city of L’Aquila on joint efforts to address global challenges. Indian Prime Minister Manmohan Singh, Brazilian...
G8, G5 leaders to agree to finish Doha talks next year
07/07/2009 05:00
Leaders of the Group of Eight (G8) and Group of Five (G5) are expected to agree here at their summit to conclude the eight-year Doha round of trade talks next year, according to a draft communique obtained by Xinhua. “Leaders commit to reaching an...