Global Financial Crisis GENEVA, Feb. 26 (Xinhua) -- Switzerland's largest bank, UBS AG, announced Thursday that it had appointed Oswald J. Grubel as its new Chief Executive Officer, replacing Marcel Rohner who has resigned. "The Board of Directors has appointed Oswald [...]
Global Financial Crisis Premier Wen's "trip of Confidence" to EuropeChinese Commerce Minister Chen Deming speaks during the German-Chinese business forum and signing ceremony of procurement deals in Berlin, Germany, Feb. 25, 2009. A Chinese procurement team, led by Chen, [...]
Global Financial Crisis SAN FRANCISCO, Feb. 25 (Xinhua) -- Citing economic downturn, market research company IDC on Wednesday lowered its forecasts of worldwide information technology (IT) spending growth in 2009 to just 0.5 percent. The company predicted in November 2008 that [...]
China has unveiled stimulus packages for 10 industrial sectors: auto, steel, shipbuilding, textile, machinery-manufacturing, electronics and information, light industry, petrochemistry, nonferrous metals and logistics.• China's 4 trillion yuan stimulus to boost economy (full text retrieval failed)
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Global Financial Crisis WASHINGTON, Feb. 25 (Xinhua) -- U.S. regulators announced on Wednesday the start of "stress tests" to gauge the health of the nation's biggest banks. The tests were aimed "to determine if the largest U.S. banking organizations have sufficient [...]
Global Financial Crisis NEW YORK, Feb. 25 (Xinhua) -- U.S. stocks fell further on Wednesday morning after a sharp drop in housing sales exacerbated investors' worries about banks and the housing market. U.S. President Barack Obama's speech on Tuesday night did [...]
BEIJING, Feb. 26 (Xinhua) -- China's banking industry reported 583.4 billion yuan (85.79 billion U.S. dollars) of after-tax profit in 2008, up 30.6 percent, said China Banking Regulatory Commission (CBRC) Thursday. CBRC chairman Liu Mingkang released the figure at [...]
Malaysian skill developer IGB Corp( IGBS.KL) has paid in instalments a 2 billion ringgit($ 555 million) road house devise in China due to capricious mercantile conditions, according to a Business Times newspaper.Reuters reported which a Cititel Super Express road house [...]
Global Financial Crisis ZURICH, Switzerland, Feb. 26 (Xinhua) -- A Chinese business delegation looked to expand trade with Switzerland on Thursday during the second leg of its European procurement tour. Chinese Commerce Minister Chen Deming said during opening ceremonies at a [...]
Global Financial CrisisU.S. President Barack Obama is applauded by Vice President Joe Biden and Speaker of the House Nancy Pelosi as he addresses a joint session of Congress [...]
