Senator Edward Kennedy dies at 77

He became a Democratic Massachusetts senator in 1962, replacing his brother when he resigned to become president, and was re-elected seven times. Senator Kennedy had been a dominant force in liberal US politics for almost half a century. Recently, h

Vietnam PM Keeps Post as Economic Struggles Continue

Vietnam PM Keeps Post as Economic Struggles Continue HANOI, VIETNAM Vietnam's prime minister appears to have survived a leadership challenge this week over his handling of the poorly-performing economy. Communist Party officials ended any speculation

Aussie banks rolling in cash, silent on rates

SYDNEY, May 2 (Xinhua) --- The Australia New Zealand Bank (ANZ) has reported first-half underlying profit of over 3 billion U.S. dollars, a result that stands in stark contrast to its refusal to keep in step with the central bank's official rate move

Dollar surges amid Egypt unrest

NEW YORK, Jan. 28 (Xinhua) -- The U.S. dollar was boosted against most major currencies in late New York trading on Friday as tensions in Egypt(埃及) raised concerns about stability in the Middle East and Africa. The situation in the Middle East an

耶伦发言关键 美股牛皮微升

耶伦发言关键 美股牛皮微升 NEW YORK, Feb. 10 (Xinhua) -- U.S. stocks rallied for a third consecutive day Monday ahead of Federal Reserve Chair Janet Yellen 's first testimony in Congress as head of the Fed. The Dow Jones Industrial Average

中国重启不良资产证券化市场

China is reopening its securitised bad debt market with two deals worth Rmb534m ($81.6m) this month, eight years after regulators shuttered the market at the onset of the global financial crisis. 中国正重启不良贷款证券化市场，本月的两

默克尔的坏笑 英国脱欧不可逆

German Chancellor Angela Merkel toldreporters on Tuesday that the Brexit is irreversible, pouring cold wateron efforts tokeep the United Kingdom inside the European Union. 德国总理默克尔周二对记者说英国脱欧不可逆，这给继续让英

Dow, S&P 500 jump to 5-year highs

NEW YORK, Jan. 29 (Xinhua) -- U.S. stocks closed mixed on Tuesday, with Dow Jones Industrial Average and Standard Poor's 500-stock Index climbing to five-year highs amid mixed economic data. The Dow and SP 500 climbed steadily despite mixed economic

Europe Keeps Interest Rate Steady

The European Central Bank is keeping its key interest rate unchanged, even as its leader says there is increased downside risk for economic growth in the euro currency bloc. The bank kept its key lending rate at a record low 1 percent Wednesday, desp

巴西要求美国就监听道歉

巴西要求美国就监听道歉 Furious about a report that the US government spied on her private communications, Brazilian President Dilma Rousseff may cancel a planned White House visit and downgrade commercial ties unless she receives a public

Europe Central Bank Lowers Rates

The European Central Bank lowered its benchmark interest rate Thursday to a record 1.0 percent. The move by the bank to help stimulate Europe's economy came as France and Germany urged other European leaders to adopt their eurozone crisis plan at a k

官员对伊朗核谈感到乐观

官员对伊朗核谈感到乐观 GENEVA Iranian and international negotiators will continue a key series of meetings on Thursday that officials say could lead to the first steps toward guaranteeing that Iran's nuclear program is purely peaceful, as

US Car Sales Up Sharply in February

Sales of new vehicles jumped markedly in the U.S. in February, with sales by the world's two biggest automakers(汽车制造商) up the most. Japan's Toyota, the global leader, said it sold nearly 142,000 vehicles last month, a 42 percent increase ov

Obama in Hawaii for APEC Summit

U.S. President Barack Obama is in his native Hawaii Saturday to host a two-day economic summit with Asia-Pacific leaders. The Asia Pacific Economic Cooperation (APEC) summit begins a nine-day trip for the president aimed at improving U.S. ties with c

China to boost local gov't debt clean-up

BEIJING, March 1 (Xinhua) -- China will boost the clean-up of thousands of millions of local government's debt in 2012, so to guard against possible defaults that would hurt its banks, the country's banking regulator said Thursday. The country will f

中国指责美国加剧南海争端

China and the US clashed over the South China Sea at a defence forum this weekend, with a Chinese admiral warning Washington that we have no fear of trouble. 中国和美国周末围绕南中国海问题在一个防务论坛上针锋相对。中国一名

Economic Fairness is 'The Defining Issue of Our Time'

President Barack Obama says restoring Americas prosperity and economic fairness is the defining issue of our time. The president went to the Midwestern state of Kansas Tuesday to restate his economic goals. In a nearly hour-long speech, President Oba

European Summit Splits Bloc, May Not Solve Problems

European leaders took steps to deal with some of their long term financial problems at a summit in Brussels last week. But they are moving ahead without one of the continent's largest economies Britain, and they left some important problems unresolve

Microsoft quarterly results beat estimates

SAN FRANCISCO, April 28 (Xinhua) -- Microsoft Corp. on Thursday posted quarterly revenue and earnings that both beat analysts' expectations. In its fiscal 2011 third quarter ended on March 31, the software giant reported revenue of 16.43 billion U.S.

经济学人257:小型食品店 美味的熟食

Boutique food shops 小型食品店 Deli-licious 美味的熟食 As supermarkets flounder, small food and drink retailers are booming 大型超市困境中挣扎之际，正是小型饮食零售店繁荣之时 Chi-chi cheese 琦琦奶酪 INVESTORS in