International

Outbound investment unlikely to outstrip FDI
01/07/2009 05:00
Despite a surge in Chinese overseas direct investment (ODI) in recent years, it is unlikely to outpace inbound foreign direct investment (FDI) this year, government officials and experts said Wednesday. Responding to recent forecasts by foreign...
UN Chief, Japanese PM talk on climate change, Pyongyang
01/07/2009 05:00
Visiting United Nations Secretary General Ban Ki Moon stressed the importance of implementing the U.N. resolution on Pyongyang and urged Japan to play a leading role in slashing green house gas emission in a meeting with Japanese Prime Minister here Wednesday....
CEO says Chrysler slows âbleeding,â cash loss
01/07/2009 05:00
Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy June 10 as a slimmer company, Chief Executive Officer Sergio Marchionne said. âWe are...
Carrefour rises on $6 billion plan for cost cuts, revamp
01/07/2009 05:00
Carrefour SA, Europeâs largest retailer, jumped the most in three months in Paris trading on optimism that Chief Executive Officer Lars Olofssonâs plan to revamp stores and cut costs will reignite growth....
ANZ said to seek RBS assets in Hong Kong, Singapore
01/07/2009 05:00
Australia & New Zealand Banking Group Ltd. may buy Royal Bank of Scotland Group Plcâs units in at least five Asian economies, three people familiar with the plan said. Melbourne-based ANZ is in advanced negotiations to acquire RBSâs retail...
California declares fiscal emergency over budget
01/07/2009 05:00
SEIU union members and state workers protest outside the State Capitol in Sacramento, July 1, 2009 California Gov. Arnold Schwarzenegger declared a fiscal emergency on Wednesday, forcing lawmakers to tackle a...
GM tells judge that asset sale is its ‘only option’
01/07/2009 05:00
Fritz Henderson, chief executive officer of General Motors Corp, enters the U.S. Bankruptcy Court in New York June 30, 2009. General Motors Corp has no choice but to sell its assets to a group led by the U.S....