Financial Crisis News

China offers Africa more trade, investment

AP - Saturday, November 7

China is offering to abolish import duties on some commodities from Africa and make sure Chinese exports to the continent are safe as part of a package to boost already thriving economic ties, China's commerce minister said in an article published Saturday. More »

  • Govt to focus on structural measures to transform economy

    Govt to focus on structural measures to transform economy

    Channel NewsAsia - Saturday, November 7

    SINGAPORE: Prime Minister Lee Hsien Loong has indicated that another round of stimulus package will not be the solution as Singapore emerges from the post—crisis landscape.

  • StarHub to cut sports package pricing, offers two free sports channels

    StarHub to cut sports package pricing, offers two free sports channels

    Channel NewsAsia - Saturday, November 7

    SINGAPORE: SingTel recently won the rights for the English Premier League for three years starting next season. Not to be outdone, StarHub — which currently holds the rights — is offering subscribers two free sports channels.

  • Calif. lawmakers haggle over potential water fixes

    AP - Wednesday, November 4

    Lawmakers kept haggling Tuesday in their effort to alleviate California's water woes, as the Legislature prepared to vote on a package of bills that appears to lack the support needed to pass.

  • Suspicious substance found at World Bank in DC

    AP - Tuesday, November 3

    Authorities say they are investigating a suspicious package at the World Bank headquarters in Washington.

  • White House: Stimulus behind 14,315 Minnesota jobs

    AP - Saturday, October 31

    The White House said Friday that the federal stimulus package created or saved more than 14,000 jobs in Minnesota through the end of September, which is about 2,500 more jobs than state officials counted weeks ago.

  • SC governor signs incentive package for Boeing

    AP - Saturday, October 31

    A $750 million Boeing 787 assembly plant is expected to bring thousands of badly needed jobs to South Carolina's ailing economy and, officials hope, a closer look at the state by other industrial prospects.

  • SC approves incentive package aimed at Boeing

    AP - Thursday, October 29

    South Carolina legislators have approved an economic incentive package believed to be tailored to lure a Boeing Co. assembly plant to the state.

  • Biden tells Ohio stimulus program helping economy

    AP - Wednesday, October 28

    Vice President Joe Biden told an Ohio audience that the federal economic stimulus package is helping to revive the U.S. economy and has helped stabilized the financial markets.

  • China says to drive private investment with stimulus

    Reuters - Wednesday, October 28

    BEIJING, Oct 27 (Reuters) - China will aim to encourage more private investment in the next phase of its 4 trillion yuan ($585 billion) stimulus package, which has been instrumental in reviving the economy, the National Development and Reform Commission said on Tuesday.

  • GM CEO to get raise in compensation: report

    Reuters - Friday, October 23

    (Reuters) - General Motors Chief Executive Fritz Henderson will get a raise in his compensation package to $5.45 million under new rules advocated by the U.S. pay czar, Bloomberg said, citing a person familiar with the matter.

  • On the Call: 3M CEO George Buckley

    AP - Friday, October 23

    U.S. manufacturers were hoping that the federal government's stimulus package would spark infrastructure spending, thus lifting their recession-battered fortunes.

  • Colo. lawmakers consider measures to cut poverty

    AP - Wednesday, October 21

    Colorado lawmakers have given initial approval to a package of bills aimed at reducing the number of people in poverty.

  • Obama to increase credit to small businesses

    Reuters - Wednesday, October 21

    WASHINGTON (Reuters) - President Barack Obama will announce a package of initiatives on Wednesday to increase credit to small businesses, an administration official said on Tuesday.

  • US, Canada reps: 'Buy American' talks progressing

    AP - Tuesday, October 20

    The U.S. and Canada are progressing toward resolving a dispute over "Buy American" provisions included in the $787 billion U.S. economic stimulus package that have rankled the Canadian government.

  • US officials hear Pakistan 'concerns' over aid row

    AFP - Tuesday, October 20

    Pakistani officials on Monday voiced concerns over a 7.5-billion-dollar US aid package, warning one of the plan's chief architects that Washington must address fears over its impact on sovereignty.