Australian budget airline Jetstar eying China, India flightsOctober 5th, 2009 SYDNEY - The head of the low-cost airline Jetstar, Bruce Buchanan, has aid that the airline is eying route-related opportunities in China and India. Buchanan said the airline was continuing to benefit from a favourable economic environment with relatively low fuel prices, favourable currency movements, low interest rates and low unemployment in Australia.
Geithner says G-20 nations broadly support US plan to promote more balanced growthSeptember 24th, 2009 Geithner expresses optimism for deal on growthPITTSBURGH — Treasury Secretary Timothy Geithner says the United States has a lot of support from other Group of 20 nations to move toward more balanced global growth. Geithner expressed optimism that the G-20 leaders meeting in Pittsburgh will endorse the broad outlines of a U.S.
Geithner says US and China committed to building more stable and balanced global economyJuly 28th, 2009 Geithner says US and China seeking stabilityWASHINGTON — Treasury Secretary Timonthy Geithner (GUYT'-nur) says the United States and China are committed to building a more stable and balanced global economy. Geithner said in prepared remarks Tuesday that the two countries were determined to lay a foundation for more balanced growth once an economic recovery is firmly in place.
China and US officials see global economic recovery, seek continued joint effortsJuly 27th, 2009 China, US officials see global economic recoveryWASHINGTON — Top officials of the United States and China said Monday they saw hopeful signs that the global economy was beginning to move into a period of recovery. Treasury Secretary Timothy Geithner said that the joint efforts of the nations to deal with the financial crisis with large stimulus programs marked a turning point in the relationship of the two economic superpowers.
Obama calls on China to cooperate on clean energy, climate changeJuly 27th, 2009 Obama: US, China interested in clean energyWASHINGTON — President Barack Obama says the U.S. and China have a shared interest in creating clean and secure energy sources.
Coca-Cola sees 33 percent growth in IndiaJuly 21st, 2009 NEW DELHI - Coca-Cola has registered a 33 percent growth in sales in India during the second quarter ended July 3, the soft drink major said Tuesday. Supported by the high growth in India as well as China, the company also saw its revenues increase to $2.04 billion, or 88 cents per share, in the quarter under review, as against $1.42 billion, or 61 cents per share, earned in the year-ago period.
US, China announce clean energy research center; US calls on Beijing to avoid trade barriersJuly 15th, 2009 US, China announce clean energy research centerBEIJING — The United States and China, the world's biggest greenhouse gas emitters, announced plans for a joint clean energy research center Wednesday as the American commerce secretary appealed to Beijing to avoid imposing trade barriers on green technology. The research center is an effort at compromise between the two governments, which disagree on whether China should join richer nations in adopting binding emissions-reduction targets to stave off environmental devastation from climate change.
Foreign direct investment in China down in June for 9th month, but fall narrowsJuly 15th, 2009 Foreign direct investment in China falls 6.8 pctBEIJING — Foreign direct investment in China fell in June for the ninth straight month but the decline was less severe than in May, data showed Wednesday, adding to signs of an economic recovery. Investment in June totaled $9 billion, down 6.8 percent from a year earlier, said Commerce Ministry spokesman Yao Jian at a news conference.
World Bank raises 2009 China's economic growth forecast from 6.5 percent to 7.2 percentJune 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.
Anand Sharma kicks off process to revive global trade talksJune 8th, 2009 NEW DELHI - Moves to restart the stalled global trade talks have begun with a series of meetings in Bali on the sidelines of a conference among 19 farm products exporting countries, where Commerce Minister Anand Sharma is representing India. Sharma had one round of talks with World Trade Organisation (WTO) Director-General Pascal Lamy Sunday and informally met with US Trade Representative Ron Kirk over dinner at the luxury beach resort of Nusa Dua on Bali island, officials here said.
China Mobile 1Q profit up 5.2 percent but growth slows amid financial crisis, competitionApril 20th, 2009 China Mobile quarterly profit up 5.2 percentBEIJING — China Mobile Ltd., the world's biggest phone company by subscribers, said Monday its first quarter profit rose 5.2 percent but growth slowed due to China's economic slowdown and stronger competition. Profit for the three months ended March 31 was 25.2 billion yuan ($3.7 billion), compared with 24 billion yuan for the same period last year, the Beijing-based company said.
China shortens legislature session to save moneyMarch 4th, 2009 BEIJING - The hard economic times are also hitting China's legislature. This year's session of the National People's Congress is to be shortened to nine days instead of the typical two weeks to save money, sources informed of the decision said Tuesday.
India's annual growth could go down to 6 percent: Amartya SenFebruary 24th, 2009 KOLKATA - India's annual growth could go down to six percent or lower due to the economic recession, Nobel laureate Amartya Sen said here Monday. 'Of course, it could go down.
Economy will grow by 7 percent: PranabFebruary 11th, 2009 NEW DELHI - The Indian economy will grow by 7 percent this fiscal even as recent projections by global agencies like the International Monetary Fund (IMF) say that advanced countries' economies would shrink by 2 percent, Minister for External Affairs Pranab Mukherjee said here Thursday. 'I am proud to say that in 2008-09 India will still grow by 7 percent,' said Mukherjee while addressing the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI).
'Chinese economy may bounce back in second half of 2009'January 2nd, 2009 KOLKATA - The global economic slowdown has taken its toll on the Chinese economy as exports and equity markets are down, but things may turn around in the second half of 2009, a Chinese diplomat said here Saturday. 'Worst is not yet over.
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