World Economy

EU plans emergency aid on food, fuel prices

Brussels  - The European Union is to launch emergency aid measures for the EU citizens and industries hit hardest by soaring food and fuel prices, the head of the bloc's executive said Friday.

US economic indicator edges up for third straight month

US economic indicator edges up for third straight month

World Bank raises China growth forecast to 9.8 per cent

Beijing - World BankThe World Bank on Thursday raised

Morgan Stanley reports 50 per cent profits drop in "turbulent" Q2

New York - US investment bank Morgan Stanley reported Wednesday that its net income in a "turbulent" second quarter of 2008 fell by more than one-half to 1.026 billion dollars, a figure slightly ab

Paulson lauds improving US economic ties with China

Henry PaulsonWashington - US Treasury Secretary Henry Paulson Tuesday said the United States

Hong Kong government considers cutting diesel duty after protests

Hong Kong - The Hong Kong government said Tuesday it was considering cutting the duty on diesel, one week after lorry drivers staged a slowdown protest through the city centre.

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