InfoAnda - Markets cheer Chinese investment plan

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Eurozone employment in record drop: official data | 16 March 2010
Hospital cited; NY doc refused to perform surgery | 24 September 2009
Explosions and street fighting grip Yemen capital | | 1 June 2011

Mr. Euro named Greek finance minister | | 26 June 2012

">Forum Views () ">Forum Replies ()

Read more with google mobile : Markets cheer Chinese investment plan

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Markets cheer Chinese investment plan AFP - Monday, November 10 TOKYO (AFP) - - Asian stocks surged in early deals Monday, lifted by a Wall Street rally, a Chinese economic stimulus plan and a pledge by major economies to do what it takes to fight the financial crisis. Hopes were growing that world leaders would take further steps to ward off a deep global recession and calm months of market turmoil when they meet in Washington for an emergency summit at the weekend. Investors took heart from a Chinese fiscal stimulus package totalling four trillion yuan (586 billion dollars) aimed at ensuring continued brisk economic growth in the Asian powerhouse in the face of flagging exports. Chinese share prices soared 5.1 percent in early trade, while Tokyo and Hong Kong both jumped 5.5 percent. "The package boosted markets due to the timing and the sheer magnitude of the aid," said Societe Generale chief forex strategist Kenichi Yumoto. Sonray Capital Markets chief economist Clifford Bennett described Beijing's plan as "a great package" that should ensure Chinese economic growth stays above 7.5 percent over the next two years. Together with a pledge by Brazil, Russia, India and China -- the BRIC nations -- to promote and expand trade and capital flows, "there could not have been a better start to the week," he wrote in a note from Sydney. The finance ministers of the BRIC countries vowed Friday at a meeting in Brazil "to take all necessary steps to lessen the impact of the recent turmoil on economic activity, aiming to preserve medium and long-term growth." The Group of 20 major wealthy and emerging nations meanwhile pledged Sunday "all necessary steps" to boost sagging market confidence and give a bigger voice to developing countries in global economic affairs. The finance ministers and central bank governors of the G20 nations meeting in Sao Paulo said there was consensus for major reforms of a global international financial system ravaged by a credit crisis. The meeting aimed to lay the groundwork for the November 15 summit on the financial turmoil hosted by US President George W. Bush. The credit crisis has created a "moment of change" enabling world powers to rebuild the financial system, according to British Prime Minister Gordon Brown. "If we learn from our experience of turning unity of purpose into unity of action, we can together seize this moment of change in our world to create a truly global society," Brown was due to say in a speech. The stock market gains came despite fresh reminders of the worsening health of the global economy. Japan's core machinery orders plunged at the fastest pace in a decade in the three months to September as the economy teetered on the verge of recession, official data showed. The orders, a leading indicator of corporate capital spending, tumbled 10.4 percent from the previous quarter as companies cut back on investment in new plants and equipment in response to the economic slump. Fitch Ratings meanwhile downgraded its sovereign ratings outlook on South Korea to negative from stable due to the impact of the global financial crisis. US and European stock markets had posted strong gains Friday after heavy losses the previous day as investors bet that a weaker-than-expected US jobs report would prompt more interest rate cuts. Wall Street's Dow Jones index jumped 2.85 percent despite grim data showing the unemployment rate in October spiked to a 14-year high of 6.5 percent, hardening expectations of a deep recession in the world's biggest economy. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Australian PM pledges to never abandon auto industryAFP - 1 hour 6 minutes ago Australian central bank lowers growth estimatesAFP - 1 hour 33 minutes ago Seoul shares up; industrials jump, carmakers fallReuters - 1 hour 38 minutes ago France, Australia ministers in talks on financial crisisAFP - 1 hour 46 minutes ago Related Articles: Business China regulator urges banks to bolster risk controlsReuters - 45 minutes ago Australia's central bank slashes growth forecastsAP - 46 minutes ago France, Australia ministers meet to boost tiesAFP - 49 minutes ago Indian shares up more than 3 pct as sentiment liftsReuters - 50 minutes ago China's economy to grow 8-9 percent in '09: central bank chiefAFP - 52 minutes ago Enlarge Photo Markets cheer Chinese investment plan Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Documents expose Prince William RAF training row: report G20 pledges 'all necessary steps' to restore stability In Obama's victory, Americans see legacy of Lincoln Porsche hits record results on the back of VW shares Obama: First pooch may be mutt 'like me' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

Other News on Sunday, 9 November 2008
Canadian kept in a hole in the ground in Afghanistan
Two Spanish soldiers killed in Afghanistan: defence ministry
Israelis, Palestinians want support for peace talks | International |
Southern African leaders start summit on Zimbabwe | International |
Iranian economists criticize Ahmadinejad
South Ossetian forces occupy Georgian village: Tbilisi | International |
Egypt sends bin Laden's wandering son to Qatar | International |
Iran speaker criticizes Obama's nuclear remarks | International |
Reminisces of old Baghdad by one of last Jews | International |
Hurricane Paloma weakens further to Category One
China announces $586 billion stimulus plan
NZ house prices continue to decline in year to Oct
Taiwan central bank cuts interest rates by 25 bps
Saudi Aramco says on track for 12 mbpd capacity
Quartet pushes Israel, Palestinians to stick to peace talks
Bin Laden's son in Qatar after being deported by Egypt
Bomb attacks kill 8, wound dozens across Iraq
AP IMPACT: After US goes, Iraqi city faces vacuum
In Obama's victory, Americans see legacy of Lincoln
AIDS vaccines: New hope for problem-plagued path
G20 pledges 'all necessary steps' to restore stability
Air strike killed 37 Afghan civilians | International |
G20 agreed on need for world finance reform: EU ministers
Two Spanish soldiers killed in Afghan suicide attack
Zimbabwe's opposition MDC rejects SADC demands | International |
Russian submarine accident kills 20
Nigerian militants say four hostages released | International |
Deutsche Post to shed thousands of US jobs
S.Africa pressures Zimbabwe on unity deal
Won sets back South Koreans' overseas education plans | International |
MP3 player headphones may hinder pacemakers: study | Technology |
Obama could reverse Bush orders on drilling, stem cells
South West residents reduce carbon footprint by using energy trackers
Intel to unveil new health-care system: report | Technology |
Lockerbie families begin getting funds
RPT-NZ house prices continue to decline in year to Oct
Syrian president criticizes proposed US-Iraq pact
Cartoon critters, James Bond draw moviegoers | Entertainment |
Nicole Kidman to play transsexual in period drama | Entertainment |
Coldplay 2008's biggest act at World Music Awards | Entertainment |
Sly Stallone casting ugly guys for next movie | Entertainment |
Hollywood paparazzo pioneer says he has no regrets | Entertainment |
Director Brett Ratner circles Conan remake | Entertainment |
Seven killed, scores wounded in Baghdad bomb attack
Indonesia handling of Bali executions questioned | International |
World marks 90th anniversary of Great War
MP3 headphones can hamper defibrillators, pacemakers
Canada won't extend Afghan commitment, minister says | International |
Baghdad double bombing kills 25: police | International |
China says no compromising on Tibet's future | International |
Safety-wary China officials cancel Taiwan trips: KMT | International |
Strong quake hits China's Qinghai region | International |
US military conducts a dozen secret strikes in four years: report
Maldives saves for new homeland amid flooding fears: report
Obama prepares for White House handover talks with Bush
Dell not to launch music player before holidays: report | Technology |
China's economy to grow 8-9 percent in '09: central bank chief
Report: US conducted secret ops in Pakistan, Syria
Japan's quarterly machinery orders drop sharply
Seoul shares up; industrials jump, carmakers fall
Investors cheer China's stimulus package
World oil prices up on OPEC chief's remarks
China's new reality: Economic boom is slowing
NZ dollar up on stocks, Chinese package; bonds soft
World oil prices up on OPEC chief's remarks
US govt near deal to review AIG rescue package: report
S.Korea further delays power price hikes
G20 opens door to smaller economies in crisis talks
South African singer Miriam Makeba dies in Italy | Entertainment |
Markets cheer Chinese investment plan
Country star Merle Haggard battling lung cancer | Entertainment |
Who's L.A. concert hits some rough patches | Entertainment |
Hollywood paparazzo pioneer says he has no regrets | Entertainment |
YouTube to post full-length MGM films | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01