Thailand's Tourism Sector Loss Put at 120Bln Baht
Thailand's tourism industry is expected to lose 1.2bln baht in revenue, causing by the Red-Shirts' antigovernment rally.
Dubai World Reaches 23.5Bln Debt Deal with Creditors
Dubai World said it had agreed in principle with its main creditors on terms to extend the $14.4 bln debt in tranches of $4.4bln over five years and $10bln over eight years.
Air France KLM Reports Huge Loss in 2009
Air France KLM Group has posted a heavy net loss of 1.56 billion euros for its fiscal year ended March 31.
World Bank to Grant Lebanon 500 Million Dollars for Economic Reforms
The World Bank unveiled on Wednesday a 500 million U.S. dollars aid package to help economic reforms in Lebanon.
CASS: China's CPI Growth Projected at 3Pct
China's consumer prices would gain a growth of around 3 percent, along with strong economic recovery.
Eurozone External Trade Surplus Soars in March
The 16-nation eurozone's trade surplus in March soared to 4.5 billion euros while the total EU trade balance for March showed a deficit of 7.1 billion euros.
German Regulator Issues Naked Short-Selling Ban
The ban is to run through March 31; The euro fell sharply against the U.S. dollar
China Telecom Offers BlackBerry Services in China
China Telecom, working with Research in Motion (RIM), will introduce BlackBerry handsets running on its EVDO 3G network in 16 provinces in China.
China Ups US Debt Holdings for First Time in Six Months
China in March raised its long-term Treasury holdings to 895.2 billion dollars, up 17.7 billion dollars from February.
Speculation Not Main Reason for Hiking Vegetable Prices, Says China Ministry
China's official said speculation is not the main reason for the price hike of agricultural products.
India Seeks Huawei, ZTE's Ownership Disclosure
The India government has given Huawei and ZTE one month to disclose full details of their ownership on grounds of national security.
Greek Considers Legal Action Against US Banks for Role in Debt Crisis
Greece's prime minister says he "wouldn't rule out" taking legal action against U.S. investment banks for their role in creating the Greek debt crisis.
US Wall Street Probes Expanding with New Investigation
U.S. prosecutors are investigating several major banks in Wall Street to determine whether they have misled investors in mortgage bonds.
Full Internet Access Resumed in Xinjiang, New Aid on the Table
Internet services in northwestern China's Xinjiang Urygur Autonomous Region has fully resumed as of Friday and new aid is on the table.
IEA Cuts World Oil Demand Forecast
The International Energy Agency on Wednesday lowered its 2010 world oil demand forecast by 220,000 barrel-a-day to average 86.38 million barrels a day.
US Posts 19th Straight Monthly Budget Deficit
The U.S.government has posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record.
Morgan Stanley Under Probe
U.S. federal investigations are probing whether Morgan Stanley misled investors about mortgage derivative products it helped design and sometimes bet against.
China's Labor Share of GDP Declined for 22 Consecutive Years
China's labor share of GDP had declined by 20 basis points from 1983 to 2005 while investment shares jumped by 20 percent.
China's Fiscal Revenue Up 34Pct in April, Expenditures Rise 9.8Pct
China's fiscal revenue in April rose 34.4 percent to 792.57 billion yuan from a year earlier.
Japan's Government's Debt Hits Record High in 2009
The outstanding balance of Japan's central government debt hit a record high of 882.92 trillion yen at the end of fiscal 2009 through March 31 as the government issued more bonds amid the economic downturn.
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