S&P Downgrades Greek Credit Rating to Junk Status
S&P on Tuesday downgraded Greece's credit rating to BB+ from BBB+ and assigned a "negative" outlook.
PetroChina's First-Quarter Profit Jumps 71Pct
PetroChina posted a 71 percent jump in first-quarter profit Tuesday as demand inside China surged and crude oil prices rebounded.
China Ministry: China May Face Rising Trade Friction
China should not be over-optimistic about the recovery in exports, warned Vice Minister of Commerce Zhong Shan.
U.S. to Sell 1.5 Bln Citi Shares in First Round
The U.S. Treasury is starting to sell some of the shares it owns in Citigroup and expects to turn a profit.
China's Alibaba Taking Aim at U.S. Market
China's largest e-commerce company Alibaba announced its official operation of its English platform AliExpress, in an effort to target U.S. market.
China CITIC Bank, BBVA to Establish Auto-Finance JV
Under the deal, China CITIC Bank will invest 650 million yuan (95 million U.S. dollars) for a 65 percent stake of the joint venture.
China's Votes in World Bank Increased to 4.42Pct
China becomes the third biggest member in World Bank after the U.S. and Japan.
China Debuts "Expo Diplomacy"
Foreign government leaders including French President Nicolas Sarkozy are scheduled to visit China and attend the Shanghai Expo.
Airlines Lost 1.7 Bln U.S. Dollars over Icelandic Volcano Eruption
IATA said the hit by the volcano crisis was bigger than the impact of the Sept. 11 2001 attacks.
Obama Seeks Support From Wall Street on Financial Reform
The U.S. President Obama on Thursday urged Wall Street executives to help reform the nation's financial system
Indian Central Bank Lifts Interest Rate to Fight Inflation
India's inflation in March reached 9.9 percent year-on-year, its fastest pace in 17 months.
Latin America to Post Robust 4Pct Growth: IMF
IMF said Latin America is showing a strong and balanced recovery in the coming years.
CCIEE: China's Economic Growth May Slow Down in Q2, Q3
Inflation expectations are rising together with the soaring prices of international commodities and industrial products.
Debt Crisis in Advanced Economies Endanger World Financial Stability, IMF Warns
IMF warned Tuesday the worsening public debt as well as fears of inflation and asset price bubbles in emerging markets could put risks on global financial stability.
Finland Plans to Boost Renewable Energy
Finland's government on Tuesday outlined a plan to massively boost renewable energy production, as the country seeks to cut carbon dioxide emissions.
Canada's Central Bank Leaves Rate Unchanged at 0.25 Pct
Bank of Canada maintains overnight rate target at 1/4 per cent; removes conditional commitment
Some European Flights Resume
Flights to and from Europe started to resume Monday since airspace across Europe was closed last week when an Icelandic volcano erupted.
HSBC Raises China's 2010 GDP Forecast to 10Pct
HSBC upgraded its 2010 growth forecast for China to 10 percent, given robust domestic demand a faster-than-expected rebound in the export growth.
China Faces Growing Inflation Pressure: Economist
China may face challenges to contain consumer price inflation within the government's target of 3 percent this year.
EU to Probe Economic Impact of Icelandic Volcano Ash Chaos
EU is to set up an ad-hoc group to assess the impact of the volcanic ash cloud on the economy, and the air travel industry in particular.
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