China rate cut, European stimulus hints lift markets
World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.
China commits $45.6 billion for economic corridor with Pakistan
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. The Chinese companies will be able to operate the projects as profit-making entities, according to the deal signed by Prime Minister Nawaz Sharif during a visit to China earlier this month
China rate cut, ECB stimulus hopes boost world markets
World stock markets and oil prices rallied Friday, fueled by hopes for global growth following a surprise rate cut by China and as the European Central Bank indicated it would step up its asset purchases to boost the euro zone economy.
Putin backs deeper ties with North Korea after meeting Kim envoy
Russian President Vladimir Putin called on Wednesday for deeper ties with North Korea to improve regional security, a day after holding talks with a personal envoy of North Korean leader Kim Jong Un.
Volkswagen China growth slows to 10 percent due to capacity limits
Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.
Australia, China deepen ties with landmark free trade deal
China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world's second largest economy and one of Washington's closest allies in Asia.
White House turns climate change spotlight to U.S. cities, towns
After announcing a major deal with China to curb emissions and a $3 billion pledge into a fund to help poor countries fight climate change last week, the Obama administration will turn its focus to American towns and cities to help them adapt to the impacts of global warming.
China's economy experiencing 'period of pain': vice minister
China's economy is going through a "period of pain" as authorities try to shift it toward slower, more sustainable growth, with the rapid expansion of its shadow banking sector a major problem, the vice finance minister said on Saturday.
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