Saturday 31st July, 2010
13 dead in China bus accident
At least 13 people were killed and nine injured after a bus fell off a cliff Saturday evening in southwest China's Sichuan province, authorities said.
Over 5,000 chemical barrels recovered from China river
Over 5,000 of the 7,000 chemical barrels, that were swept into a major river in northeast China's Jilin province, have been recovered by Saturday evening.
China's economy to grow over nine percent in 2010
China's chief financial regulator has said the country's gross domestic product (GDP) is expected to expand to over nine percent.
Low-budget carrier Eastar Jet, based in North Jeolla Province, will launch flights to Shanghai and Shenyang starting in late April, Eastar Jet President Yang Hae-gu said Wednesday.
The Korea TimesEastar Jet’s one millionth passenger, Choi han, a 39-year-old resident of Jeju, center, is presented with free flight coupons by the airline at Gimpo International Airport, Wednesday. The prize was ...
3G user numbers not so hot
People's DailyChinese 3G operators may be licking their chops as the watch more and more people fondling their flashy new iPads and iPhone 4s across China.But, they may be abruptly awoken from their profit-laden dr...
Chicago wheat futures soars to near-14 month high as global crop outlook dims
People's DailyChicago wheat futures surged on Friday to the highest level in nearly a 14-month high on speculations that the global wheat crop would be smaller than last year's, due to the adverse weather in export...
Analysts say Green Exchange approval not to affect CME Group profits
People's DailyThe Commodities Futures Trading Commissions approved the Green Exchange last week. The approval prepares Chicago-based CME Group Inc., the world's largest futures and options exchange, for potential g...
Wall Street trades flat after mixed data
People's DailyA trader works on the floor of the New York Stock Exchange in New York, the United States, July 30, 2010. Wall Street traded flat on Friday as investors weighed mixed messages in economic reports. (Xi...
Barbados Shanghai expo booth attracting large numbers
Caribbean Net NewsBy Gillian Applewhaite BRIDGETOWN, Barbados (BGIS) -- There have been over one million Chinese "visitors" to Barbados during the past three months, with another four million expected by the ...
Shanghai expo paying off
General SourcesAustralia's bold and very pricy presence at the Shanghai expo in China is paying off, according to trade officials.There are 70 million people expected at the expo for its duration, with the queues to...
EDF reports 47-percent drop in profits in first half of 2010
People's DailyEDF, Europe's biggest power producer, reported Friday a 47-percent drop in net profit for the first half of 2010.EDF's net income amounted to 1.7 billion euros (2.2 billion U.S. dollars) in the first ...
Moscow to allocate 200 million dollars for wind-power plant
People's DailyRussia plans to spend 200 million U.S. dollars on construction of the largest wind-power plant in the Krasnodar region, RIA Novosti reported Friday.The plant, capable of producing 50 MW of energy per ...
S. Korean stock market closes down on waning investor expectation
People's DailySouth Korean shares continued to close lower Friday with the end of earnings season approaching, local analysts said.The benchmark Korea Composite Stock Price Index (KOSPI) dropped 11.55 points, or 0....
Nikkei closes down 1.64% as U.S. recovery fears loom
People's DailyTokyo stocks retreated Friday with the key Nikkei stock index falling 1.64 pct as growing concerns about the U.S. economy's recovery and a strong yen negated the effect of upbeat domestic earnings.On ...
British HSBC eyes Russia for heavy investment
People's DailyHSBC bank announced Friday that it would invest heavily in the Russian economy."Russia is our favorite," said Nick Timberlake, HSBC's emerging markets chief. "We're being offered a huge...
Japan's largest brokerage says quarterly net profit falls 80%
People's DailyA man walks past a logo of Nomura Securities outside its branch office in Tokyo July 30, 2010. Nomura Holdings, Japan's largest brokerage, said its quarterly net profit fell 80 percent on a slide in t...
U.S. economic growth slips to 2.4 percent
People's DailyThe U.S. economy grew at an annual rate of 2.4 percent in the second quarter, slower than the previous two quarters, according to the preliminary estimate released Friday by the Commerce Department.Th...
Spain's unemployment up 7% in second quarter
People's DailyUnemployment in Spain rose 7 percent in the second quarter as 32,800 people lost their jobs during the three-month period, the government said Friday.The number of people out of work has now reached 4...
Eurozone unemployment rate stable at 10% in June
People's DailyThe unemployment rate of the euro zone remained at 10 percent in June, unchanged compared with the previous three months, the European Union's (EU) statistical bureau Eurostat said on Friday.It was hi...
Japanese PM calls for parliamentary cooperation on fiscal reform
People's DailyJapanese Prime Minister Naoto Kan on Friday pledged to fix the nation's fiscal woes and cooperate with opposition parties in a bid to ensure fiscal reform is achieved by the consensual passing of bill...
S. Korea announces Woori Finance privitization plan
People's DailySouth Korea on Friday announced its plan to process a major stake sale in Woori Finance Holdings Co., kicking off the long-held privatization of the state-held financial company.PRIVATIZATION PLANThe ...
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