Beijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.
This represents an increase of 7.7 billion dollars for the first quarter, but is 146.2 billion dollars lower than the same period last year.
Washington - President Barack Obama on Friday pointed to some signs of progress for the US economy, which is going through one of its longest and deepest recessions since the Great Depression. "What you are starting to see is glimmers of hope across the economy," Obama said after a meeting at the White House with Federal Reserve Chairman Ben Bernanke and other economic advisors.
Amman - Two agreements were signed in Amman Thursday under which the German government extended 92.5 million euros (122.8 million dollars) in economic aid to Jordan, an official statement said.
The two accords, part of the German development cooperation programme with Jordan for the fiscal year 2008-2009, were signed by the Jordanian Minister of Planning and International Cooperation Suhair al-Ali and the German ambassador in Amman Joachim Heidorn.
Tokyo - Japan's key machinery orders unexpectedly rose for the first time in five months in February, giving rise to hopes for a recovery in capital spending and an easing of the recession.
Machinery orders increased 1.4 per cent from January to 728.1 billion yen (7.28 billion dollars) on the back of an unexpected recovery in orders from the non-manufacturing sector, the government said.
The increase was better than the average market expectation for an 8.1-per-cent fall and caused stocks to rise.
Washington - The US Treasury Department on Wednesday launched a new programme to aid US car suppliers who have struggled to stay afloat as the wider industry stands on the brink of collapse.
The plan would focus on parts suppliers for General Motors Corp and Chrysler LLC, both of which face possible bankruptcy within the next few months. The two US carmakers are in a race against time to shed massive debt and cut operating costs or risk losing government support.
Beijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.
Washington - President Barack Obama on Friday pointed to some signs of progress for the US economy, which is going through one of its longest and deepest recessions since the Great Depression. "What you are starting to see is glimmers of hope across the economy," Obama said after a meeting at the White House with Federal Reserve Chairman Ben Bernanke and other economic advisors.
New York - The c
Amman - Two agreements were signed in Amman Thursday under which the German government extended 92.5 million euros (122.8 million dollars) in economic aid to Jordan, an official statement said.
Tokyo - Japan's key machinery orders unexpectedly rose for the first time in five months in February, giving rise to hopes for a recovery in capital spending and an easing of the recession.
Washington - The US Treasury Department on Wednesday launched a new programme to aid US car suppliers who have struggled to stay afloat as the wider industry stands on the brink of collapse.
