Australia faces 'full brunt' of global recession The Times Of India | Text: Australia’s economy, which has so far skirted the global recession, may stall after reports showed exports dropped to a 14-month low, bank lending fell and home- building approvals declined by the most since 2002. Australia was one of f...
Make-or-break summit as G8 gamble on climate and economy The Australian | THE G8 summit of world leaders in Italy this week has turned into a high-risk gamble that will shape the success or failure of both the Copenhagen climate change conference and agreement on a global path out of the economic crisis. | Just four days before a high-level leaders climate change meetin...
China Launches Major Step to Yuan Internationalization CNBC China has launched a pilot program to allow companies to settle imports and exports in yuan in some regions, marking a big step towards eventually internationalizing the currency. | Six Shanghai companies signed contracts with counterparts in Hong Ko...
TOPWRAP 2-China reassures on dollar before G8; markets subdued The Guardian * China offers assurances on dollar ahead of G8 summit * BOJ chief says economy stabilising, lending still tight * European stocks start week lower * No need for second U.S. stimulus - Vice President Biden By Tomasz Janowski SINGAPORE, July 6 (Reuter...
GLOBAL MARKETS-Asia stocks slip as safety favoured The Guardian * Asian stock markets mostly lower Monday in thin trade * Yen gets safe-haven bid before G8 meeting, oil slips * Bond markets brace for $73 bln in U.S. Treasury supply By Wayne Cole SYDNEY, July 6 (Reuters) - Markets got off to a hesitant start Monda...
TSMC Joins the CEA-Leti Program on Multiple E-Beam Lithography for IC Manufacturing The Examiner Distributed by Press Release EMAIL ARTICLE PRINT ARTICLE | HSINCHU, Taiwan and GRENOBLE, France, July 6 /PRNewswire-FirstCall/ -- TSMC (TWSE: 2330; NYSE: TSM) and CEA-Leti, the leading French semiconductor research institute, signed an agreement toda...
China to challenge dollar at G8 event Business Report | By Brian Love | Paris - World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy. | Officia...
Australia faces 'full brunt' of global recession The Times Of India | Text: Australia’s economy, which has so far skirted the global recession, may stall after reports showed exports dropped to a 14-month low, bank lending fell and home- building approvals decli...
AP / Kirsty Wigglesworth
China won't press for new global currency at G8 Philadelphia Daily News | JOE McDONALD | The Associated Press | BEIJING - China has no plans to raise its proposal for a new global currency to replace the dollar at the G8 meeting this week but is willin...
We're not on the way to economic recovery yet Denver Post | In the past three months, global asset prices have rebounded sharply: Stock prices have increased by more than 30 percent in advanced economies, and by much more in most emerging...
China won't press for new global currency at G8 Syracuse | (AP) - BEIJING - China has no plans to raise its proposal for a new global currency to replace the dollar at the G8 meeting this week but is willing to discuss it, a top Chinese ...
China Reassures on Dollar Debate Before G8 CNBC France and Russia urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-eminence for "many years to come." | Beijing, which has floated the idea of an alternative to the dollar as global reserve currency on...
Reports of new Chinese bid for Opel Irish Times DPL loses Euro380,000 as recession and building slowdown begins to biteEuro30bn taken out of economy - reportKitchen firm cooking up businessBusisness this weekDEREK SCALLY in Berlin | GERMANY'S ECONOMIC minister has said the future ownership of Opel...
Beijing Budget Gap Wall Street Journal By STEPHEN GREEN From today's Wall Street Journal Asia. | Big stimulus packages cost money. And no package in the world today is bigger than China's four trillion yuan ($585 billion) outlay. While the economy seems to be recovering, there will be a f...
A Subdued Trading Day in Asia and Europe The New York Times | Asian shares closed mixed and European shares were essentially flat Friday after unemployment reports released the day before reinforced the idea that a recovery was still a ways off. | Friday's declines were more muted than those on Wall Street and in Europe on Thursday, but they illustrated the same point: That a pullback after a three-month ra...
HK shares stay flat; China stocks extend gains The Guardian (Updates to midday) HONG KONG, July 6 (Reuters) - Hong Kong shares hovered on Monday hit by lower energy prices and lack of fresh cues on the state of the global economy, while China shares continued their upward march despite news of Shanghai's first major IPO since last September. Chinese toll road operator Sichuan Expressway Co on Monday said it...
