United States, China and the European Union announced they would recognize south Sudan as the world’s newest nation. President Barack Obama went further and rewarded north Sudan for its cooperation by taking it off a terrorism blacklist.
China's central bank said Tuesday it will increase key lending and deposit rates by a quarter percentage point, effective Wednesday. This is the third People’s Bank of China rise since last October, a move aimed at combating stubbornly high inflation.
US Treasury Secretary Timothy Geithner reached out to Brazil by citing a shared concern - China - and endorsing Brazil's approach for dealing with global economic distortions.
Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.
Competition with top trading partner China is costing Brazilian industry valuable market share, the National Confederation of Industry (CNI) in South America's largest economy said on Thursday.
Paraguay the only Mercosur member with no formal diplomatic relations with China-Beijing, --since it only recognizes Taiwan--, is scheduled to open a trade office in Hong Kong (Peoples Republic of China) some time in the next few weeks.
Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people
Spanish Telefónica and Chinese operator Unicom agreed on Sunday to expand their alliance, both investing a further U$ 500 million in the other. Under the agreement, China Unicom could get a seat on Telefónica.
President Obama welcomed Chinese President Hu Jintao to the White House on Wednesday and praised China’s success.
Chinese Vice Premier Li Keqiang has said Beijing is willing to buy about Euro 6 billion worth of Spanish public debt, Spanish newspaper El Pais reported on Thursday, citing government sources.