Joe McDonald

Summit gets mixed grades

PARIS — This weekend's Washington summit on tackling the world financial crisis did little to dent a looming economic slowdown but offered developing countries such as China and India an important larger role, European and...

Many concerns left unanswered after weekend summit

TOKYO — Analysts, investors and media around Asia expressed concern Monday that a weekend summit of world leaders aimed at tackling the global financial crisis — and preventing future debacles — was high on symbolism but low on...

China says it might work with IMF on global crisis (AP)

By JOE McDONALD, AP Business Writer Joe Mcdonald, Ap Business Writer – 24 mins ago BEIJING – China said Friday it could work with the International Monetary Fund to help countries hurt by the global financial crisis, suggesting...

What world leaders want from Washington summit

Italy also is calling for more stringent controls on the financial sector, including the introduction of common norms.- By Colleen Barry in Rome---JAPANPrime Minister Taro Aso is likely to summarize details of the government's...

China stimulus relies on motivating thrifty public

BEIJING -- China's multibillion-dollar plan to revive sputtering economic growth depends on getting thrifty consumers like Wang, a 22-year-old security guard at a Beijing office building, to get out and spend.

China's industrial output growth lowest in 7 years (AP)

By JOE McDONALD, AP Business Writer Joe Mcdonald, Ap Business Writer – 6 mins ago BEIJING – Growth in China's industrial output slowed in October to its lowest in seven years, adding to signs an economic downturn is worsening...

Asian stocks drop as China stimulus hopes wane

HONG KONG - Asian stock markets fell sharply Tuesday, following Wall Street lower as economic fears sapped enthusiasm over China's nearly $600 billion package to boost growth. European markets also op...

China: Protecting domestic economy is top priority

By Joe McDonald Associated Press Published: Tuesday, Nov. 11, 2008 10:10 a.m. MST BEIJING — Preparing for a Washington summit to discuss a response to the global financial crisis, China indicated Tuesday its focus will be its...

Asia stocks lackluster, China stimulus hopes wane

HONG KONG — Asian stock markets were lackluster Tuesday after weakness on Wall Street, as concerns about the global economy sapped enthusiasm over China's nearly $600 billion package to boost growth. In Hong Kong, the Hang Seng...

Asia stocks lacklustre, China stimulus hopes wane

HONG KONG - Asian stock markets were lacklustre Tuesday after weakness on Wall Street, as concerns about the global economy sapped enthusiasm over China's nearly $600 billion package to boost growth. ...

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