News About The Global Economy
February 03, 2012
'Urgent' need to solve Europe debt crisis: China
Beijing (AFP) Feb 2, 2012
China's premier warned of an "urgent" need to solve the European debt crisis Thursday and said Beijing was looking at ways it could contribute to bailout funds, after talks with Germany's chancellor. Angela Merkel is in China for a three-day trip aimed at boosting her hosts' confidence in Europe, where the sovereign debt crisis has seen a wave of credit-rating downgrades and brought Greece to the brink of bankruptcy. Speaking at a press conference with Merkel in Beijing, Wen Jiabao said solving ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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Merkel seeks to ease eurozone fears in China
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China's manufacturing rises again in January
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Hong Kong warns of first-quarter contraction
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China to launch database to curb property speculation
China plans to launch a housing database linking 40 major cities, which analysts said Tuesday would close a loophole in ownership restrictions and lay the groundwork for a nationwide property tax. ... more
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China has room for stimulus: IMF
China could easily boost domestic consumption to stimulate its economy if its slowdown is too sharp, the International Monetary Fund said Monday. ... more
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Japan's industrial output rise lifts recovery hopes
Japan's uncertain post-catastrophe economic recovery appeared to be tentatively gaining traction Tuesday as official data showed industrial output rose by more than expected in December. ... more
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Euro crisis to top agenda of Merkel's visit to China
The eurozone debt crisis, Iran and Syria will be among the topics up for discussion when German Chancellor Angela Merkel makes a two-day trip to China this week, government sources said Tuesday. ... more
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China government debt 'controllable': Wen
Chinese Premier Wen Jiabao said government debt was "overall safe and controllable" and key projects would continue to receive funding to avoid "systemic risks", state media said Monday. ... more
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British charm offensive targets Chinese cash
Britain is making huge efforts to attract investment from China to kickstart an economy teetering on the brink of recession - and it is playing its trump card of being outside the eurozone. ... more
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Walker's World: So much for Davos
What a difference a week makes. Had the latest downgrades by Fitch or the leak of the latest German plan to impose discipline on the Greek economy come as the Davos elite were gathering, the mood in the Alps would have been much colder. ... more
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Davos doubts center on EU, world economy
High-powered talks at the World Economic Forum in the scenic Swiss resort of Davos have failed to dispel anxieties and gloom over the future of global economy and immediate and pressing concerns in Europe over the fate of the EU and the eurozone. ... more
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Venezuela ditching World Bank arbitration
Venezuela is ditching the World Bank's arbitration court in a bid to avoid facing multimillion-dollar compensation claims from foreign companies nationalized by President Hugo Chavez over more than a decade. ... more
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China's reality lost in translation, Davos told
The West has a skewed view of China which Beijing has to fix if it wants a better reception when it goes shopping abroad, business and political leaders said at the Davos forum Thursday. ... more
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US new-home sales suffer worst year
Sales of new homes in the United States skidded in December, bringing to a close the worst year on record, the Commerce Department reported Thursday. ... more
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Japan premier announces sales tax hike plan
Japan's prime minister told parliament Tuesday he will move to double sales taxes, warning that the future of the world's third-largest economy depends on turning the rising tide of public debt. ... more
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Moody's lowers rating on Japan's Sony, Panasonic
Moody's on Friday downgraded Japanese electronics titans Sony and Panasonic, warning both companies faced a long struggle if they were to get back on a firm financial footing. ... more
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China's economy start new year weak
China's manufacturing activity shrank for the third straight month in January, data showed Friday, leading analysts to warn of a further slowdown for the world's number two economy. ... more
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Intel scores 'record' profits for 2011
Chipmaker Intel on Thursday reported record revenue and profits for 2011 despite a slight slowdown in the fourth quarter related to the impact of Thailand's floods on the personal computer industry. ... more
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China agency warns of collapse in euro confidence
Chinese ratings agency Dagong has warned that Europe's debt problems would cause a collapse of confidence in the euro, and predicted a worsening of the global financial crisis this year. ... more
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China's economy shows more signs of slowing
China's economy is showing signs of slowing, with foreign investment falling for the second straight month in December and home prices dropping in most cities, the government said Wednesday. ... more
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China home prices drop in most cities in December
China's moves to curb property speculation are finding their mark as home prices in nearly three-quarters of its major cities fell in December from November, the government said Wednesday. ... more
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China's economic growth slows to 9.2% in 2011
China said Tuesday its economy expanded by 9.2 percent last year, slowing from 2010, as global turbulence and efforts to tame high inflation put the brakes on growth. ... more
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Outside View: Rating downgrades
Standard and Poor's was correct to downgrade the credit ratings of France and seven other eurozone governments but wrong to affirm Germany's AAA status. ... more
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Walker's World: A new social contract
There seems to be no end to the euro's slow agony. Perhaps it would hurt less if European governments were to focus on the right targets. ... more
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EU faces downgrades as debt talks stall
European Union economies faced sovereign credit rating downgrades as talks on resolving the Greek debt crisis appeared to collapse Friday. ... more
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China says December inflation slows to 4.1%
Chinese inflation rose at its slowest pace in more than a year in December, official data showed Thursday, giving Beijing leeway to further ease credit restrictions to spur economic growth. ... more
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Skyscrapers have 'unhealthy' link to financial crises: bank
The construction of enormous skyscrapers has an "unhealthy" link with looming financial crises and investors should therefore keep a close eye on China and India, Barclays Capital said on Wednesday. ... more
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