ADB president welcomes World Bank-ADB joint field presence in Tonga

April 22, 2009 11:02 am· Comments Off on ADB president welcomes World Bank-ADB joint field presence in Tonga 

WELLINGTON, April 22 — Asian Development Bank (ADB) President Haruhiko Kuroda and executive director of the World Bank for Tonga Sun Vithespongse on Tuesday officially opened a World Bank-ADB joint field presence in Nuku'alofa, capital of Tonga.

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Japan revises downward FY 2009 GDP growth forecast

April 22, 2009 11:01 am· Comments Off on Japan revises downward FY 2009 GDP growth forecast 

TOKYO, April 22 — Japan plans to revise the nation's projected real gross domestic product growth rate for fiscal 2009 downward to a contraction of around 3 percent to reflect the global economic downturn, Kyodo News reported Tuesday.

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Thailand asks Interpol cooperation to arrest Thaksin

April 22, 2009 11:00 am· Comments Off on Thailand asks Interpol cooperation to arrest Thaksin 

BANGKOK, April 22 — The Royal Thai Police had asked for cooperation from the International Criminal Police Organization (Interpol) to arrest fugitive ex-premier Thaksin Shinawatra, who is believed to have remained in his hideaway inside the United Arab Emirates (UAE).

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Australian bank governor says Australia is in recession

April 22, 2009 11:00 am· Comments Off on Australian bank governor says Australia is in recession 

CANBERRA, April 22 — Reserve Bank of Australia (RBA) governor Glenn Stevens said on Tuesday the Australian economy is already in recession.

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No quick fix to deteriorating financial system, says IMF

April 22, 2009 10:57 am· Comments Off on No quick fix to deteriorating financial system, says IMF 

by Xinhua writers Yang Lei, Chen Gang

NEW YORK, April 22 — Losses from the credit crisis are still mounting, the global economic downturn is still deepening, and still more is needed to pull the world out of recession … The International Monetary Fund (IMF) dampens the hope of an early recovery for world economy with a reality check of the global financial system.

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Japan to issue 100 bln dollar bonds for stimulus package

April 22, 2009 10:56 am· Comments Off on Japan to issue 100 bln dollar bonds for stimulus package 

TOKYO, April 22 — Japan will issue 10.82 trillion yen (100 billion dollars) in additional government bonds this fiscal year to finance a supplementary budget designed to carry out its record stimulus package, Finance Minister Kaoru Yosano said Tuesday.

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One in 50 Americans live with paralysis

April 22, 2009 10:55 am· Comments Off on One in 50 Americans live with paralysis 

LOS ANGELES, April 22 — One in 50 Americans, or 5.6 million people, live with some form of paralysis, according to a survey released on Tuesday.

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S. Korean gov’t launches science committee for green growth

April 22, 2009 10:54 am· Comments Off on S. Korean gov’t launches science committee for green growth 

SEOUL, April 22 — The government set up a new science committee Wednesday to spearhead the development of green technologies as the country seeks a new economic engine to help weather the current global economic crisis and ensure future growth.

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NGOs offer proposals to address global financial crisis

April 22, 2009 10:54 am· Comments Off on NGOs offer proposals to address global financial crisis 

by Xinhua writer Gu Zhenqiu

UNITED NATIONS, April 22 — As the world is haunted by the worst financial crisis since the Great Depression in the 1930s, efforts to address the crisis are really not a business for governments only. Non-governmental organizations (NGOs) can also play a constructive role in this regard.

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Thailand revises down investment value for 2009 due to political concerns

April 22, 2009 10:53 am· Comments Off on Thailand revises down investment value for 2009 due to political concerns 

BANGKOK, April 22 — Thailand's Board of Investment (BOI) had revised down its targeted value of investments expected to apply for investment promotion privileges and planned to conduct a roadshow abroad to attract foreign investors to Thailand.

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