Around the World: Singapore

APEC will cling to simulus

Asia Pacific Economic Cooperation (APEC) countries, including the United States, Japan and China, will keep up stimulus policies and push for a global trade deal next year as they seek to spur a lasting economic recovery, according to draft statements from the group seen by Reuters yesterday. "We will maintain our economic stimulus policies until a durable economic recovery is secured," said a draft statement by the 21-member group's leaders, dated Oct 31 and expected to be delivered after summit in Singapore on Nov 15.