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US views Doha framework as "not satisfactory": lawmaker (Mar 11)
WASHINGTON: The United States is unhappy with the current framework of the Doha Round of negotiations to forge a global trade accord, a key lawmaker said Wednesday after talks with WTO chief Pascal Lamy.


Japan's economic recovery slower than thought (Mar 11)
TOKYO: Japan's economy grew at a slower rate than previously thought in the fourth quarter of 2009, new data showed Thursday, raising fresh concerns over the country's recovery from a crushing recession.


ECB to examine European IMF plan: Trichet (Mar 11)
FRANKFURT: The European Central Bank will consider a proposed emergency fund for eurozone economies in distress, ECB chief Jean-Claude Trichet said on Wednesday.


US dollar dips against euro as China fuels risk appetite (Mar 10)
NEW YORK: The US dollar weakened against the euro on Wednesday as the market grappled with uncertainty about the global economic recovery and positive Chinese export numbers fuelled risk appetites.


Wall Street up on wholesale data (Mar 10)
NEW YORK: Wall Street stocks drifted higher on Wednesday after government data showed a drop in wholesale inventories and rising sales, lifting hopes of economic recovery and improvement in the job market.


Oil prices rally as US fuel reserves slide (Mar 10)
NEW YORK: Oil prices climbed on Wednesday on declining fuel stockpiles in the United States, indicating strengthening demand in the world's top energy consumer.


US budget deficit hits record high in February (Mar 10)
WASHINGTON: The US government registered a record budget deficit in February despite rising revenues, setting a record 17th consecutive month in the red, the Treasury said on Wednesday.


North Korea launches bank to woo foreign capital (Mar 10)
SEOUL: Sanctions-hit North Korea on Wednesday formally launched a development bank aimed at attracting foreign funds to revive its economy, state media reported.


South Korea, Turkey sign deal on nuclear power plant (Mar 10)
ISTANBUL: The state power companies of South Korea and Turkey signed a preliminary deal on Wednesday aimed at building a nuclear power plant in northern Turkey.


Geely secures financing to buy Volvo (Mar 10)
STOCKHOLM: Chinese car manufacturer Geely has secured financing for its planned purchase of Volvo Cars from US auto giant Ford from Chinese financial institutes and regional authorities, a report said Wednesday.