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  • US retail sales probably rose, output fell

    12/04/2009 05:00

    US retail sales probably rose in March even as a drop in factory production and slower inflation signal the recession is far from over, economists said before reports this week. Purchases increased 0.3 percent, the second gain in the last three...

  • China plans $10 billion ASEAN investments, $15 billion credit

    12/04/2009 05:00

    China plans to create a US$10 billion investment cooperation fund and offer $15 billion in credit to its Southeast Asian neighbors in a push to support regional integration, the Foreign Ministry said. The investment fund will promote...

  • Summit siege a fresh blow for Thai tourism

    12/04/2009 05:00

    Thailand’s battle-hardened tourism sector may have finally come unstuck with the violent scenes that ended a major Asian summit at a major beach resort, industry experts warned Sunday. It weathered the SARS epidemic in 2003, the 2004 Asian...

  • Stamp auction collects 6.22 mln yuan in China

    Stamp auction collects 6.22 mln yuan in China

    12/04/2009 05:00

    An auction of precious stamps in central China’s Henan Province bagged 6.22 million yuan (910,000 U.S. dollars) on Sunday. A foreign collector views stamps at the stamp exhibition in Luoyang, central China’s Henan Province, April 10, 2009. The...

  • Northeast Asia forum urges closer cooperation to tackle crisis

    Northeast Asia forum urges closer cooperation to tackle crisis

    12/04/2009 05:00

    Experts from China, Japan and South Korea attending a regional forum here on Sunday called for closer cooperation among the three countries in tackling the global financial crisis. Vice President of China’s Xinhua News Agency Zhou Xisheng (R),...

  • Hijacked U.S. captain released

    Hijacked U.S. captain released

    12/04/2009 05:00

    The U.S. cargo ship captain taken captive by Somali pirates has been freed without injury after days of ordeal, CNN reported on Sunday night. In this photo released by the U.S. Navy, Maersk-Alabama Capt. Richard Phillips, right, shakes hands with...

  • French bank eyes expansion in Chinese market

    French bank eyes expansion in Chinese market

    12/04/2009 05:00

    France’s Societe Generale will open 50 new outlets in China in the coming years as part of an expansion in the market despite the global financial crisis, a senior bank official said Sunday in Shanghai. “The bank will first expand into the affluent...

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