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President Hu makes proposal to boost world economy

Business
2009-11-13

CHINESE President Hu Jintao put forward a four-point proposal to boost economic growth and revive the world economy during a speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Singapore today. In...

Cops capture 11m fake yuan

Metro | Crime and public security
2009-11-4

CITY police have confiscated a record 11 million yuan (US$1.6 million) in fake bank notes and captured 280 suspects in a crackdown that began in January. Although Shanghai is not a big producer of fake money, it...

Geithner: Recovery could be 'a little choppy'

Business | Macro-economy and policy
2009-11-1

US Treasury Secretary Timothy Geithner says the economic recovery "could be a little choppy" and it's going to take a while. Geithner told NBC's "Meet the Press" that bringing back jobs and the confidence of...

Summers says economy better but jobs still reeling

Business | Macro-economy and policy
2009-10-9

THE US economy has improved dramatically since the financial panic of late 2008, but a battered job market continues to cloud the outlook, top US presidential advisor Lawrence Summers said yesterday in New York. ...

IMF chief economist says global meltdown not over yet

Business | Macro-economy and policy
2009-10-3

THE present signs of revival in the global economy should not be confused with the financial crisis being over and the countries should be ready with policies to sustain the recovery, said an International Monetary...

China expected to lead Asian recovery with 8.5% growth

Business | Macro-economy and policy
2009-10-1

THE International Monetary Fund projected today that China will grow by 8.5 percent this year and 9.0 percent in 2010, saying China will lead Asia out of the economic recession. Recent indicators point to a strengthening...

IMF raises world economic growth forecast to 3.1% for 2010

Business | Macro-economy and policy
2009-10-1

THE International Monetary Fund today raised its 2010 growth forecast for the world economy to 3.1 percent from 2.5 percent, saying the global recession "is ending." In its latest World Economic Outlook, IMF predicted...

Maradona drops seven; adds Higuain, Aimar

Sports | Soccer
2009-9-26

EMBATTLED Argentina coach Diego Maradona juggled his team for next month's two critical World Cup qualifiers, dropping seven players and giving a first-time call up to Real Madrid striker Gonzalo Higuain. Maradona...

G20 shifts more IMF voting power to developing countries

Business | Macro-economy and policy
2009-9-26

THE Group of 20 (G20) countries agreed in Pittsburgh yesterday to increase developing countries' voting power at the International Monetary Fund (IMF) by at least five percent, a major move to improve the international...

Japan sees recession easing in country

Business | Macro-economy and policy
2009-6-17

JAPAN'S central bank upgraded its assessment of the world's second-largest economy yesterday, suggesting the country's biting recession may be easing. The Bank of Japan's eight-member policy board also voted...