The World Bank President Robert Zoellick said Monday that the pace of decline in the global economy is set to slow and it could see resumed growth as early as late 2009.
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Brazilian Company, Petrobras which has acquired 60% of interest in Namibian exploration recently on Tuesday said it has $10 billion credit line from the China Development Bank to refinance its investments and services that has bought from china.
HSBC Holdings, Europe's biggest bank, expects to see consolidation in the financial industry later this year and in early 2010 that will create buying opportunities, Chief Executive Michael Geoghegan said on Tuesday.
Sales of smartphones are set to grow 12-15 percent in 2009, said Lee Williams, chief of the Symbian Foundation, the consortium of companies around the world's most popular smartphone operating system.
A Chinese government spokesman on Tuesday brushed aside questions about a top official purged for opposing the armed crackdown on pro-democracy protesters in 1989, saying the official verdict on the demonstrations still stood.
Myanmar's Southeast Asian neighbors expressed grave concern on Tuesday over the trial of opposition leader Aung San Suu Kyi but China said it would not interfere in the regime's affairs.
Rodney Ringler is an unemployed blue collar male without a college degree. He's hardly alone. Men like him have been the main victims of the current recession in the United States.
European Union moves to exempt industries such as steel, refining and cement from the cost of buying carbon permits risk handing them windfall profits and could blunt EU green investment, analysts say.
The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.
Technology companies are detecting signs of improvement in their industries, sending their share prices higher, but demand from consumers and corporations is uncertain.
The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.
German solar companies that have not yet set up U.S. and Chinese production plants are likely to lose out on significant subsidies and will struggle to bring down their production costs to the levels of their Asian peers.
AIG is to speed up plans to list its Asian subsidiary through an IPO that could raise more than $4 billion, as the bailed-out U.S. insurer seeks to raise cash to pay back government loans.
AIG said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.
Executives of China's top Internet search company Baidu Inc talked this weekend with striking workers who are angry about salary cuts and new sales commission policies that they say could force them out of their jobs, The Wall Street Journal reported on Sunday.
President Obama appointed Republican Utah Governor Jon Huntsman as the U.S. ambassador to China.
U.S. President Barack Obama on Saturday named Utah Governor Jon Huntsman Jr. to be the next U.S. ambassador to China, a pivotal post in relations between the United States and a major emerging economic power.
Taiwan's Fubon Financial, the island's fifth-largest financial holding firm, would be keen to take additional equity stakes in Chinese commercial banks, Chairman Daniel Tsai said.
The United Nations took a step toward a new climate treaty on Friday by publishing the first draft negotiating texts to help bridge a great gulf between options for rich nations to cut greenhouse gas emissions.
Europe sank to what may have been the recession's low point in the first quarter of this year as tumbling German exports and investment plus further sharp drops in output elsewhere hastened the pace of a year-old contraction.
Corrects penultimate paragraph to say France's performance was notably stronger than that of Germany, Italy or Spain, not that it was France's worst quarter in six years
