World economy
China overtakes Japan as top foreign creditor to the US
20 Feb 2009
China has surpassed Japan as the US' biggest foreign creditor with $696.2 billion worth holdings in US treasury bonds December 2008
New York looks to India, China to drive financial sector growth
19 Feb 2009
New York mayor Michael Bloomberg has unveiled a major initiative to support the city's financial services sector by encouraging entrepreneurship and business innovation in a bid to save jobs
US stimulus package provides $8 billion for rail expansion
18 Feb 2009
President Obama $787.2-billion economic recovery package signed yesterday will provide $8 billion for investments in high-speed passenger trains
FDI to China plunges for the fourth month
16 Feb 2009
KFC UK bucks the trend- to create 9,000 new jobs
16 Feb 2009
Japan’s economy slides to its lowest since WW II
16 Feb 2009
Japan is facing its worst economic crisis since World War II as its economy shrank at an annualised pace of 12.7 per cent in the fourth quarter, the worst also since the oil crisis of 1974.
Walmart Canada changes logo, slashes prices
14 Feb 2009
Obama package to cap executive compensation
14 Feb 2009
US Congress approves $787 billion stimulus plan
14 Feb 2009
The US Congress on Friday gave its final approval for a $787 billion economic stimulus plan which is now due to be signed into law by President Barack Obama
US Congress set to vote on stimulus plan
13 Feb 2009
Ambani, Premji among business leaders to meet Obama
13 Feb 2009
President Obama will meet RIL chairman Mukesh Ambani and Wipro chief Azim Premji today as part his ongoing consultations with global business leaders in the backdrop of the global economic downturn
Obama stimulus faces battle
12 Feb 2009
Caterpillar offers voluntary retirement to 2,000 employees after firing 22,100 last month
12 Feb 2009
China’s exports plunge to record lows in January
11 Feb 2009
China's January inflation down to 1 per cent; warning signs of deflation
11 Feb 2009
The world's third-largest economy is showing signs of weakening with slowdown in export and industrial growth indicating signs of deflation
Intel announces $7 billion investment in new chipmaking factories
11 Feb 2009
After announcing plans to to shut five plants to save money, Intel now plans to build new manufacturing plants at an investment of $7 billion over two years.
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