By Cong Mu China Investment Corp (CIC), the nation's sovereign wealth fund, has agreed to spend $2.75 billion to invest in commodities companies so far this week in order to spread out its holdings, analysts said on Thursday. The Jakarta-based coal producer PT Bumi Resources announced yesterday ...
BERLIN, Sept 23 - German Chancellor Angela Merkel rejected calls on Wednesday for stringent spending cuts to reduce a ballooning budget deficit after Sunday's election, saying recovery in Europe's biggest economy was still fragile. In...
TAIPEI, Sept 23 - Taiwan hopes to increase its revenues by T$125 billion ($3.9 billion) annually by various measures, such as cutting government spending and hiking a broad sales tax, the finance minister said on...
* World Bank wants to see change * Funds should generate returns for citizens LUSAKA, Sep 15 - The World Bank will give further funds to Zambia when it implements measures to control spending and...
New World Department Store China Ltd<0825>, a retailing unit of Hong Kong billionaire Cheng Yu-tung's New World Development Co Ltd<0017>, plans to spend RMB 100 million giving a face lift to its 33 department stores in mainland China in the next two years, said Executive Director Chi-kong Cheng,...
BANGKOK, Sept 11 - Tipco Asphalt PCL <TASC.BK>, Thailand's biggest asphalt maker, expects 2009 revenue to exceed its target of 11 billion baht ($324 million) and a better 2010 due to government stimulus spending and...
* New York Fashion Week aims to inspire consumers to spend * Recession pushes designers to reassess industry * Fashion is NYC's second biggest industry behind finance NEW YORK, Sept 9 - New York's Fashion...
* UK finance minister says spending will fall after recovery * Opposition says cuts need to start now * Both main parties fail to say where axe will fall (Adds Darling quotes from television interview)...
* Finmin, cbank officials to meet shortly on borrowings * Finance ministry cuts non-plan spending by 10 percent * Borrowing may be reduced if savings sizeable - fin secy * Finmin says not planning stimulus...
SEOUL, Sept 3 - South Korea will advance more than $9 billion in fiscal spending originally set for the next quarter to the current quarter to spur the still-fragile economic recovery, the finance ministry said...