William Ford steps down from Ford Motor's board
Detroit: William Clay Ford Sr., the only surviving grandson of founder Henry Ford, will retire from Ford Motor Corp's board after 56 years.

According to Ford Motor, William Ford, has said he will not stand for reelection when his current term expires in May. He will become Director Emeritus after his retirement.

Apart from Ford Sr the other two Ford family members on the automaker's board are his son, chairman and chief executive Bill Ford Jr, and Edsel Ford II.
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China's trade surplus continues to rise
Beijing: China's foreign trade, for the month of February, went up eleven per cent to touch $84.45 billion. Exports at $44.53 billion, have shown a surge of 30.8 per cent, while imports have come down five per cent at $39.92 billion. The trade surplus for February stands at $4.62 billion.

The European Union remains China's biggest trade partner with bilateral trade amounting to $29.64 billion, growing 29.2 per cent over the same period in 2004. China's total foreign trade volume reached $1.15 trillion in 2004 making the country the world's third biggest exporter.
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