27 Apr 2005 03:42 PM

The investments and loans that China is ready to inject into the economy of its neighbor Philippines total as much as $1.4 billion. The move is aimed to further Chinese expansion on the Asian market with the possibilities to soothe the world’s fastest-growing economy.

27 Apr 2005 03:06 PM

The leader of Taiwan's opposition Mr. Lien was warmtly welcomed by Chinese communist officials who interpreted his arrival as a sign of reconciliation.

27 Apr 2005 01:39 PM

South Korea is not sure about the possible nuclear weapon testing which can be in progress in North Korea and yet expects more signs from its closest neighbor to ask for any sanction for it.

27 Apr 2005 12:40 PM

Former Merrill Lynch broker Timothy O’Connell is charged with illegal sharing of the information about large stock orders and intimidating his assistant who was called to testify before a grand jury. Timothy O’Connell was arrested after the investigation by the Securities and Exchange Commission and federal

27 Apr 2005 11:49 AM

Secretary of State Condoleezza Rice started a good-will tour of Latin American capitals on Tuesday, the move that would face both support and criticism from Latin American leaders.

27 Apr 2005 10:56 AM

Israel strikes a warning note against Russian President Vladimir Putin’s proposal of Middle East peace summit if it is an effort to ignore a "road map" peace plan, a senior Israeli official said on Wednesday.

27 Apr 2005 10:51 AM

The Energy Department reported today that crude supplies rose 5.5 million barrels, the distillate inventories fell 1.4 million barrels, and the gasoline supplies declined 300,000 barrels.

27 Apr 2005 09:24 AM

ConocoPhillips, the third-largest oil company in the U.S., reported today that its first-quarter profit rose 80% due to high oil and gas prices.

27 Apr 2005 09:05 AM

Khodorkovsky case hearing was delayed one more time after a Moscow court said the hearing was postponed till May 16 amid the worries that Russia’s President Vladimir Putin may face criticism from the world leaders that are expected to come to Russia for the May 9 anniversary.

27 Apr 2005 08:58 AM

Microsoft Corp. and SAP will join their efforts in designing a new product in the framework of their 15-year partnership, the tycoons announced on Tuesday. The new product, code-named "Mendocino," will link together Microsoft’s Office applications and SAP’s business planning software, allowing customers to avoid spending time on duplicated data entries.

27 Apr 2005 08:32 AM

U.S. durable goods tumbled 2.8% in March, the largest drop since September 2002, according to the Commerce Department. Economists were expecting orders to rise 0.3%.

27 Apr 2005 08:27 AM

Europe could broaden the framework of its probes into Chinese textile exports by starting investigation into further 11 categories of Chinese textile imports in addition to nine already placed under investigation, Peter Mandelson, EU trade commissioner, announced yesterday.

27 Apr 2005 08:16 AM

The Chicago-based Boeing yesterday said Air India agreed to buy 20 of its new 787 Dreamliner airplanes. The statement follows Monday’s victory when Air Canada announced an order for 32 wide-body airplanes in a deal that can give the aerospace giant more chances to regain the leadership in the industry.

27 Apr 2005 08:08 AM

Boeing Co., the world’s largest aircraft maker, reported on Wednesday its first-quarter results. Income fell to $535 million, or 66 cents a share, from $623 million, or 77 cents, last year. Analysts were expecting

27 Apr 2005 07:54 AM

The world’s largest passenger plane, the Airbus A380, took off successfully on its initial flight Wednesday. The four engines giant was carrying a crew of six and 22 tons of test instruments. The continuation of its first flight was planned to take between two and four hours.