Archive for the ‘Business’ category
EU finance ministers agree to offer aid to Ireland after Dublin’s request
Photo taken on Nov. 21, 2010 shows the flag of the European Union (R) and the Irish national flag on the top of the Government Buildings, in Dublin, Ireland, Nov. 21, 2010. (Xinhua/Zeng Yi) BRUSSELS, Nov. 21 (Xinhua) — European Union finance ministers on Sunday welcomed Ireland’s request for financial assistance from the EU and [...]
Ireland, EU agree on financial rescue package
Irish Prime Minister Brian Cowen, left, and The Minister for Finance, Brian Lenihan speak to the media at government buildings, Dublin, Ireland, Sunday, Nov. 21, 2010. (Xinhua/AFP) DUBLIN, Nov. 21 (Xinhua) — Irish Prime Minister Brian Cowen on Sunday night confirmed the European Union (EU) has agreed to the Irish government’s request for a financial [...]
Canada disapproves BHP takeover offer of world largest potash producer
Canadian Minister of Industry Tony Clement delivers a statement in the foyer of the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, on Nov. 3, 2010. Tony Clement said here on Wednesday that his government has disapproved BHP Billiton’s proposed hostile acquisition offer of Potash Corporation of Saskatchewan, the world’s largest potash producer. [...]
China, U.S. underscore value of high-level dialogue to bilateral ties
U.S. Treasury Secretary Timothy Geithner, U.S. Secretary of State Hillary Clinton, Chinese Vice Premier Wang Qishan and Chinese State Councilor Dai Bingguo (L to R) attend a press conference of the second round of China-U.S. Strategic and Economic Dialogues in Beijing May 25, 2010. (Xinhua/Zhang Duo) by Chen Jipeng, Ye Shuhong BEIJING, May 25 (Xinhua) [...]
Chinese president meets Clinton, Geithner after high-level dialogues
Chinese President Hu Jintao (R) shakes hands with U.S. Secretary of State Hillary Clinton in Beijing May 25, 2010. Hu met with Hillary Clinton and U.S. Treasury Secretary Timothy Geithner on Tuesday after the two-day second round of China-U.S. Strategic and Economic Dialogues concluded. (Xinhua/Rao Aimin) BEIJING, May 25 (Xinhua) — Chinese President Hu Jintao [...]
Chinese, Russian PMs vow to strengthen ties
A view of the Hewlett Packard headquarters in Palo Alto, California November 23, 2009. (Xinhua/Reuters File Photo) Chinese Premier Wen Jiabao (L) shakes hands with Russian Prime Minister Vladimir Putin before a banquet in St. Petersburg, Russia, Nov. 22, 2010. (Xinhua/Ju Peng) ST. PETERSBURG, Russia, Nov. 22 (Xinhua) — Chinese Premier Wen Jiabao and [...]
HP’s quarterly results beat expectations
SAN FRANCISCO, Nov. 22 (Xinhua) — Hewlett-Packard Co. (HP) on Monday reported increases of sales and profit in its most recent quarter, both better than analysts had expected. HP’s revenue reached 33.3 billion U.S. dollars in the company’s 2010 fiscal fourth quarter ended on Oct. 31, up 8 percent from the same period a year [...]
S Korea’s economy to grow 4.2% in 2011: KDI
SEOUL, Nov. 22 (Xinhua) — The Korea Development Institute, a state-run think tank, lowered its forecast for the country’s economic growth next year from 4.4 percent to 4.2 percent in light of the global economic slowdown. The institute also said that this year’s growth will be 6.2 percent, up 0.3 percentage point from the prior [...]
Ireland’s bailout to have limited impact on S. Korean financial market
SEOUL, Nov. 22 (Xinhua) — Ireland’s bailout will not likely affect the South Korean financial market, considering the amount of exposure to the European country, South Korea’s financial watchdog said Monday. According to the Financial Supervisory Service (FSS), South Korean financial firms’ exposure to Ireland stood at 1.81 billion U.S. dollars as of September 2010. [...]
Experts say Ireland may not be second Greece
BEIJING, Nov. 22 (Xinhua) — Irish Prime Minister Brian Cowen confirmed on Sunday that the European Union (EU) has approved the Irish application for an international financial bailout. It was immediately well received by major financial markets in the world with the euro soaring and stock markets moving higher. On Monday noon, the euro changed [...]