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World Business

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First new Russia casino opens under gambling plan  2010-01-31 16:13:00

Half a year after Russia closed all of it's gambling casinos and slot-machine halls, the first new casino opened Saturday under a plan to limit legalized gambling to four comparatively remote areas.



Watchdog: US bailouts created more risk in system  2010-01-31 15:34:40

The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.



Japan not as worried about US Toyota recalls  2010-01-30 18:06:04

American Toyota owners are understandably alarmed about ballooning recalls over faulty gas pedals and floor mats.



Exporters must heed changes in consumer behavior  2010-01-30 15:29:28

Andrew Robertson, head of BBDO, one of the largest ad companies in the world, told China Daily that Chinese exporters must take heed to the major changes in consumer behavior as a result of the global recession.



Gov'ts urged to regulate big banks, money  2010-01-30 14:54:36

Experts' views heard at Davos suggest that if governments' fail to take an coordinated effort to regulate big banks and big money, there will be a risk that the best time to reform international finance will be lost.



Asia contributes most growth in global ad industry  2010-01-30 14:13:08

In his interview with China Daily during the World Economic Forum in Davos, Switzerland, John Wren, president and CEO of Omnicom Group Inc., one of the largest global advertising and communication service groups, said Asia has been contributing most growth in the global ad industry 2009-10.



Argentina's Central Bank president resigns  2010-01-30 13:50:01

Argentina's Central Bank chief resigned Friday, saying he could do no more to protect the nominally independent institution from the president's efforts to control its dollar reserves.



US economy grows at 5.7% in Q4 '09, fastest since '03  2010-01-29 22:33:59

The economy grew for a second straight quarter from October through December, posting a better-than-expected 5.7 percent annual rate, the fastest quarterly pace since 2003.



Quotable quotes of Chinese vice-premier at Davos  2010-01-29 10:52:05

Visiting Chinese Vice-Premier Li Keqiang on Thursday delivered a keynote speech at the annual meeting of the World Economic Forum in the eastern Swiss ski resort of Davos.



In Davos, spotlight on Haiti, Africa  2010-01-28 17:16:53

The World Economic Forum is turning toward earthquake-ravaged Haiti and steering Africa to prosperity as more world leaders arrive for the annual event in this Swiss Alpine resort.







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Biz Unusual

Qing palace sale attracts State companies' interest

A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.

Wealthy wary of grand giveaways

Chinese exports ease Korean kimchi crisis

Hobby's big appeal

Large crowds force Forbidden City to rethink ticketing policy

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