World economy
Senate follows House in approving President Obama’s $800 billion-plus stimulus plan
11 Feb 2009
The US Senate has approved an $838 billion economic stimulus — the most expansive anti-recession effort by the United States government since World War II.
General Motors to cut 10,000 jobs, reduce salaries as part of turnaround plan
10 Feb 2009
Facing imminent bankruptcy, General Motors will cut 10,000 salaried jobs globally and reduce pay by 10 per cent for US white-collar workers.
Obama steps up campaign for rescue bill
09 Feb 2009
President Barak Obama is back at the campaign trail once again later in the day today, this time to whip up support for his $800-billion stimulus package.
Recession pulls rug under China’s exports
07 Feb 2009
Recession in the US, Europe and Japan slowed China's export growth in 2008, though its trade surplus grew by 12.5 per cent to $295.47 billion
US Senate votes for curbs on H-1B hiring
07 Feb 2009
Murdoch’s News Corp reports biggest quarterly loss of $6.41 billion
07 Feb 2009
Rupert Murdoch's News Corp has posted its biggest ever quarterly net loss, after taking an $8.4 billion write-down for the value of its Dow Jones acquisition, broadcasting licenses and other assets
Successful Senate vote in sight on $827-billion stimulus
07 Feb 2009
The US Senate has agreed on substantially lower government spending and is set to vote on a comprise of $827-billion stimulus package
Did the BRICs ever have anything in common?
07 Feb 2009
The worsening global economic crisis raises the question whether the four BRIC countries ever shared much in common, other than scale and high portfolio inflows, say S&P analysts Frank Gill, KimEng Tan, Lisa M Schineller, Joydeep Mukherji.
China may go to WTO on toy import ban by India
04 Feb 2009
China may go to WTO on toy import ban by India
04 Feb 2009
Stimulus bill: Obama calls for quick action as lawmakers seek changes
03 Feb 2009
With both Democrats and Republicans seeking changes to President Obama’s economic-stimulus package the debate has been joined in right earnest by both sides.
Australia unveils $26.5-billion new economic stimulus
03 Feb 2009
The package will send the Australian federal budget into the red for the first time in nearly a decade
China demands loyalty from the military as 20 million lose their jobs
02 Feb 2009
The Chinese government has warned that 2009 will be the toughest year in the century for China and has orderd all military forces to "uncompromisingly obey the Party and Central Military Commission's command at any time and under any circumstances."
Trade officials at Davos urge G20 to speed Doha talks to combat crisis
02 Feb 2009
Finalising the Doha Round of multilateral trade talks cna evert a protectionist backlash during the current economic say global leaders assembled at Davos
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