The global economy is still on the way of deteriorating, and the signs of distress mounted last Friday. Shares in the US bank Citigroup Inc are plunging; oil prices are falling and the future of US carmakers hanging in the balance.

Given the economic slowdown and turmoil in financial market, the Bank of Japan left interest rates unchanged at 0.3 percent. This shows there is a long way for recovery. Global stock reaching a Read more…

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According to the Ministry of Commerce, China and Singapore signed a free trade agreement that will help the two countries cushion the impact of the global financial crisis.

Singapore Prime Minister Lee Hsien Loong, who is in Beijing for the 7th Asia-Europe Meeting (ASEM7), witnessed the signing of the pact. It is the first comprehensive FTA between Read more…

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