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This time a year ago, the world was reeling from the collapse of Lehman Brothers and the multi-billion dollar rescue of Merrill Lynch and insurance firm AIG.
But for Joern Schuetumpf, a German publisher, life was looking up.
Mr Schuetumpf, director of Karl-Dietz, was revelling in the increase in sales of one of his books which was [...]
Governments around the world stepped up efforts to stem the U.S. dollar’s slide, as officials grow increasingly concerned about the impact of the weak greenback on their nascent economic recoveries.
Thailand, South Korea, Russia and the Philippines have been snapping up dollars this week in order to hold down the value of their currencies, traders said [...]
(L to R) Kyodo News Agency President and Editor-in-Chief Satoshi Ishikawa, President and Managing Director of Turner Broadcasting System Asia Pacific Steve Marcopoto, News Corporation Chairman and CEO Rupert Murdoch’s representative John Miller, Editor-in-Chief of Reuters David Schlesinger, Xinhua News Agency President Li Congjun, ITAR-TASS Director-General Vitaly Ignatenko, Associated Press President and CEO Thomas Curley, [...]
IMF board of Governors 2006
China has agreed to buy the first International Monetary Fund bonds for about $US50 billion ($A60.51 billion), the IMF said on Wednesday.
IMF managing director Dominique Strauss-Kahn and the deputy governor of the People’s Bank of China, Yi Gang, signed the agreement on Wednesday at IMF headquarters in Washington, the multilateral institution [...]
By the time they vanished into the night, hundreds of homes had been razed, 11 people lay dead and the village’s inhabitants faced starvation, having lost all their precious cattle.
“Everyone is on his own now,” said Jamuth Nyading, a 42-year-old Sudanese herdsman, who gathered his two wives and 12 children and fled to the nearby [...]
Rio Tinto Group, the third-largest mining company, spied on China’s steel mills for six years, creating 700 billion yuan ($102 billion) in excess charges for iron ore, a report on a Chinese government-run Web site said.
Government agencies should enhance surveillance of the secret-protection work at key companies they supervise, said the article posted yesterday on [...]
US President Barack Obama said the US and China will “shape the course of the 21st century” as he opened high-level talks in Washington.
To the satisfaction of the Chinese at talks designed to usher in a new era of friendship, “not confrontation”, Mr Obama said that the ties between the two powers were “as important [...]
China’s stocks plunged the most in 13 months, led by commodities companies, as speculation recent gains have outpaced earnings prospects overshadowed China State Construction Engineering Corp.’s surge in debut trading.
Jiangxi Copper Co. dropped 6.9 percent, paring its annual advance to 336 percent, after saying first-half profit fell. China Cosco Holdings Co. the world’s largest operator [...]
China has taken the first step towards ending its controversial one-child policy by encouraging urban couples in Shanghai to have two children.
The easing of restrictions comes in response to concern about economic problems caused by the country’s ageing population.
Shanghai is actively promoting the two-child policy as China tries to [...]
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