Business

●China's commerce minister pledges to promote economic ties with Germany ●Premier Wen boards bullet train as Beijing-Shanghai high-speed rail starts operation ●EU leaders meet amid Portuguese political crisis, protests ●Chinese vice president calls for strengthening Party building ●UN chief expects international community to avoid civilian casualties in Libya ●Putin pledges continued economic and political support to Serbia ●Obama says U.S. gov't working to restore New Orleans five years after Katrina ●QE2 policy will work for U.S. economy, but in limited way

Top Biz News

Premier Wen boards bullet train as Beijing-Shanghai high-speed rail starts operation: Premier Wen boards bullet train as Beijing-Shanghai high-speed rail starts operation

World Economy

Putin pledges continued economic and political support to Serbia: Visiting Russian Prime Minister Vladimir Putin atends a press conference after his meeting with Serbian President Boris Tadic in Belgrade on March 23, 2011. Putin is paying a one-day visit to Serbia

QE2 policy will work for U.S. economy, but in limited way: NEW YORK, Oct. 31 (Xinhua) -- Will the QE2, or second round of quantitative easing policy, which will likely be announced by the Fed in November, actually work?

China Economy

China's commerce minister pledges to promote economic ties with Germany

Apple launches online store in China: BEIJING, Oct. 28 (Xinhuanet) -- Apple Inc on Wednesday launched its official online store in China, as part of an effort to curb the gray market and expand its business among domestic consumers.

World Finance

EU leaders meet amid Portuguese political crisis, protests: EU leaders pose for a family photo during the first day meeting of EU Summit in Brussels, capital of Belgium, on March 24, 2011. European union (EU) leaders began their two-day summit on Thursday amid a political crisis in Portugal and protests by trade union s against austerity measures taken by eurozone member states to struggle out of the debt crisis.

IMF draws lessons from financial crisis: WASHINGTON, July 20 (Xinhua) -- Almost three years since the onset of the global financial crisis, the International Monetary Fund (IMF) gives its answer to what lessons central banks can draw from this catastrophe that has dragged many major economies into the worst recession in decades.

China Finance

Chinese vice president calls for strengthening Party building: Chinese Vice President Xi Jinping has called for the strengthening and improvement of the Party building to set a solid foundation for the beginning of the next five-year period.

China should cut US Treasury holdings: Beijing reduced its US Treasury holdings in May by $32.5 billion to $867.7 billion, but it actually bought a net $3 billion in long-term Treasuries and remained the largest single holder of US government debt, the Treasury reported on Friday.

Regional Economy

Asia-Pacific

Tokyo stocks retreat on strong yen, poor U.S. earnings: TOKYO, July 20 (Xinhua) -- Tokyo stocks retreated for a third day on Tuesday as a strong yen against the dollar hit exporters and poor U.S. earnings reports dashed investor sentiment and caused some tech-related shares to fall, on the first day of trading after Japan's national holiday on Monday.

Middle East

Cuba, Palestine sign three cooperation agreements: HAVANA, Sept. 26 -- The Cuban and Palestinian authorities signed Saturday three bilateral agreements on boosting their cooperation in the development of higher education, culture and sports.

Africa

4th Ministerial Conference of FOCAC concludes in Egypt: The 4th Ministerial Conference of the China-Africa Cooperation Forum (FOCAC) wrapped up in the Egyptian Red Sea resort of Sharm el-Sheikh on Monday, with the adoption of the Declaration of Sharm el-Sheikh and Sharm el-Sheikh Action Plan, defining new programs of cooperation between the two sides in the next three years.

Americas

Citigroup posts $2.2b profit, tops expectations

Europe

Obama says U.S. gov't working to restore New Orleans five years after Katrina

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