World economy
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.
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
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