U.S. Treasury Secretary Timothy Geithner has warned against putting the brakes on economic stimulus measures too quickly, saying that would weaken the economy. More »
China's Economy News
Geithner warns against putting brakes on stimulus
AP - Sunday, November 8
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Sri Lanka buying gold 'to diversify reserves'
AFP - Sunday, November 8Sri Lanka's central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.
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GM in talks to bring Chinese cars to India: report
AFP - Sunday, November 8US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.
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China's Daye to double refined copper output by 2015
Reuters - Saturday, November 7* Daye to double refined copper output by 2015
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Big California bank fails, has China branches
Reuters - Saturday, November 7(Bank closure tally hits 120, new throughout)
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Banks in Ga., Mich., Minn., Mo., Calif. closed
AP - Saturday, November 7Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.
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What recovery? Unemployment shoots past 10 percent
AP - Saturday, November 7Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.
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AES to raise $2.15 bln from stake sales to China's CIC
Reuters - Saturday, November 7* AES to sell 125.5 mln shrs at $12.60 each
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Canada's unemployment rate rises, 43.2K jobs lost
AP - Saturday, November 7Canada's unemployment rate rose to 8.6 percent in October from 8.4 percent a month earlier as the economy shed a net total of 43,200 jobs, the government said Friday.
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Modus Link Corp. ships Utah jobs to China
AP - Saturday, November 7The U.S. Department of Labor says workers laid off in Utah by a business-services company will qualify for special federal assistance because their jobs were lost to foreign competition.
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AES sells stake to China sovereign fund for $1.58B
AP - Saturday, November 7Global power company AES Corp. said Friday it is selling a 15 percent stake in itself to China's investment arm for $1.58 billion in a move to raise cash to develop projects around the world.
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WHO says pandemic flu on rise in China, Japan
Reuters - Saturday, November 7* H1N1 virus on rise in China after early flu season start
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Economist predicts slow recovery in Hawaii
AP - Saturday, November 7Next year may be a year of stabilization in Hawaii's economy, but it will likely be 2011 before sustained economic recovery sets in, economist Leroy Laney said.
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House lawmakers meet on RI's tanking economy
AP - Saturday, November 7State lawmakers are debating plans ranging from auto racing to consolidating municipal services to steer Rhode Island through a bleak financial crisis.
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World markets rise ahead of key US jobs data
AP - Saturday, November 7Stock markets rose Friday ahead of the release of key U.S. jobs data, which markets use to gauge the health of consumer spending in the world's largest economy in the run-up to the year-end holiday season.
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Indonesia Coal-Prices firm on China, India demand
Reuters - Saturday, November 7JAKARTA, Nov 6 (Reuters) - Indonesian coal prices firmed this week, supported by strong demand from Chinese and Indian buyers, and prices may increase further on expectations of more demand from China, traders said.
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World markets mixed ahead of US jobs report
AP - Saturday, November 7Asian markets advanced Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the American economy.
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MONEY MARKETS-Aussie swaps extend rise, China bill yields drop
Reuters - Saturday, November 7SINGAPORE, Nov 6 (Reuters) - Australian overnight-indexed swaps inch higher after a bullish central bank report on prospects for growth and investment in the economy.
