The Federal Reserve's new twice-monthly loan auctions have failed to reduce banks' borrowing costs since officials introduced them in December, Stanford University economist John Taylor said.
Airlines lined up yesterday for compensation after Boeing Co announced a further six-month delay for its new 787 Dreamliner plane.
The Bank of England cut the benchmark interest rate for the third time since December as the worst housing slump in 16 years threatened to push the economy into a recession.
Germany's RWE and Britain's Centrica have both made indicative bids for British Energy valuing the nuclear power operator at up to 11 billion pounds, sources close to the matter said.
Cleary Gottlieb Steen & Hamilton, a 950-lawyer New York firm, got the job when bankers needed deal-savvy attorneys to help launch a $3 billion sale of shares in Reliance Power Ltd, India's third-largest utility.
Hainan Party Chief Wei Liucheng says the province must take the lead in China's free trade zone construction, a strategy raised by the 17th National Congress of CPC.
Cai Fusheng, a 72-year-old lifelong farmer, remembers that in the days of arranged marriages in rural Hainan province's Yongtan village, a prospective suitor was evaluated by the number of buckets outside his family's house.
Today, Hainan's government is sowing the seeds of innovative rural reform in the province's countryside through the "ecological civilization village" program, and local farmers are happy to be reaping the benefits.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
