‘Chinese economy may bounce back in second half of 2009′

October 9th, 2009 Highway deaths at record low in first half of 2009WASHINGTON — Deaths on U.S. highways have dropped to a record low during the first six months of 2009, continuing a recent trend of fewer people dying on roads.

August 31st, 2009 NEW DELHI - Army Chief General Deepak Kapoor on Monday admitted that there has been Chinese incursion in Ladakh in Jammu and Kashmir. "There has been one intrusion of the Chinese helicopter some time back," General Deepak Kapoor said.

July 30th, 2009 DP World says business at ports drops 10 pct in 1HDUBAI, United Arab Emirates — Cargo handler DP World said Thursday business at its ports dropped 10 percent in the first half of 2009 as the shipping industry struggles through its worst slump in memory because of the global recession. The Dubai-based port operator said it moved the equivalent of 12.3 million 20-foot (6-meter) shipping containers through ports it runs around the world between January and June.

July 23rd, 2009 WASHINGTON - US President Barack Obama has said the country's struggling economy is on its way to recovery, but warned that the job market will be the last thing to return to normal. In an evening press conference at the White House Wednesday, Obama defended his own prescriptions for nursing the economy back to health and urged the US public to give his plans more time to work.

July 22nd, 2009 Some IMF members say China's currency undervaluedWASHINGTON — The International Monetary Fund is welcoming China's progress in letting the market determine the value of its currency, the yuan, but says some countries believe it remains "substantially undervalued." The IMF says many members believe further strengthening the yuan should be part of a comprehensive Chinese strategy to rebalance the economy, but others say it would play only a supporting role toward promoting changes. In its annual report on the Chinese economy, the IMF did not name individual countries' positions on the yuan.

July 15th, 2009 WASHINGTON - The US Federal Reserve said the US economy will climb faster than expected out of its deep recession, but also warned Wednesday that unemployment could top 10 percent before the end of this year. In its first economic forecast since April, the Fed said it expected the world's largest economy to recover from its 19-month-long recession - albeit slowly - in the second half of 2009.

July 7th, 2009 China's 2Q growth may top 7.5 pct, researcher saysBEIJING — China's economy is improving and growth might top 7.5 percent for the quarter that ended in June, a central bank researcher said in an official journal. Growth is benefiting from Beijing's stimulus spending and rising investment and consumption, said Zhang Jianhua, chief of the bank's research bureau, in an article in the July issue of the bank's magazine, China Finance.

June 24th, 2009 Warren Buffett compliments Bernanke and GeithnerOMAHA, Neb. — Billionaire Warren Buffett says the United States has a good team leading the Treasury Department and Federal Reserve as it fights what he's called an economic war.

June 24th, 2009 Warren Buffett says economy remains flatOMAHA, Neb. — Billionaire Warren Buffett says the economy has not yet had any bounce and will take some time to recover.

May 27th, 2009 WASHINGTON - A panel of top economists in the US forecast an end to the country's deep recession by late 2009, according to a survey released Wednesday. The National Association of Business Economists (NABE), which surveyed 45 economists, said the US economy had shown some signs of stabilising but would still recover more slowly than in past downturns.

May 14th, 2009 NEW DELHI - India Inc's business confidence for the first half of this fiscal has improved 2.4 points to 58.7, though global economic instability and slackening consumer demand remain major sources of concern, says a survey by the Confederation of India Industry (CII). CII Business Confidence Index (CII-BCI) for April-September 2009-10 improved considerably compared to the business confidence in the past six months.

March 18th, 2009 BEIJING - The World Bank (WB) has cut its forecast for China's 2009 economic growth yet again, this time to 6.5 percent from 7.5 percent, it said here Wednesday. This is the second cut the WB has made for China's 2009 gross domestic product (GDP) growth forecast.

January 28th, 2009 NEW DELHI - The Indian economy will grow at 7 percent in the current fiscal, External Affairs and stand-in Finance Minister Pranab Mukherjee said here Thursday. 'Indian economy will bounce back as the fundamentals of the economy are strong,' Mukherjee told reporters after meeting officials of the finance ministry.

January 5th, 2009 BEIJING - Unemployment driven by the global financial crisis could cause social unrest in China, though the economy looks set to reach its annual growth target of eight percent, a study said. Han Kang, vice-president of the National School of Administration in Beijing, warned that rising unemployment, mainly among university graduates and migrant rural workers, could lead to social unrest if it was not tackled urgently.

December 29th, 2008 RIO DE JANEIRO - Brazil, recovering from the impact of the global financial meltdown, expects its economy to grow in the first half of 2009. Labour Minister Carlos Lupi said the country's economy will see an estimated 4.5 percent growth in 2009, higher than the previously projected four percent by the finance ministry and 3.2 percent by the central bank.