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Tunisia eyes 67 bln USD investment by 2014

TUNIS, June 3 (Xinhua) -- Tunisia aims to lure 100 billion Tunisian dinars (67.1 billion U.S. dollars) by 2014 as part of a drive to bolster growth to cut the double digit jobless rate, the country\'s Development Minister said Thursday. \"The value of investment is set at 100 billion dinars during the coming four years with 60 billion dinars private investment following the government\'s efforts to energize the role of private sector and to improve investment,\" Nouir Jouini said in...

Japan\’s current account surplus rises 88% on year in April

Special Report: Global Financial Crisis TOKYO, June 8 (Xinhua) -- Japan\'s current account surplus in April rose 88.0 percent from a year earlier, the Ministry of Finance (MOF) said in a report on Tuesday. The surplus fell short of the median market forecast for a 102. 8 percent increase in the recording month. The current account surplus stood at 1.242 trillion yen (13.58 billion U.S. dollars) , according to the ministry\'s data, whereas the median forecast was 1.340 trillion yen...

China to expand home appliance replacement scheme

BEIJING, June 3 (Xinhua) -- China\'s Ministry of Commerce (MOC) announced Thursday it will expand the home appliance replacement scheme to 28 cities and provinces from the nine existing pilot areas. The 19 new regions in the scheme will include Hebei, Shanxi, Liaoning, Jilin, Anhui, Fujian, Jiangxi, Henan, Hubei provinces and Dalian, Xiamen, and Chongqing, said a statement on the MOC website. Consumers will receive a subsidy worth 10 percent of the price of five kinds of new...

Morgan Stanley optimistic about Russia\’s economic growth

MOSCOW, June 3 (Xinhua) -- Russia\'s economy is expected to be among the fastest-growing in the world this year despite trailing rivals in foreign investment, Morgan Stanley chairman said Thursday ahead of an International Economic Forum in St. Petersburg. \"Our expectation is that the fastest rates of economic growth this year are expected in China, India, Brazil and Russia (BRIC),\" John Mack said, adding that Russia has yet to overcome foreign investors\' wariness, according to RIA...

Eurozone finance ministers finalize rescue package

? President of Eurogroup and Luxembourg Prime Minister Jean-Claude Juncker (L) and Managing Director of International Monetary Fund (IMF) Dominique Strauss-Kahn take interviews before the Eurozone financial ministers\' meeting starts in Luxembourg, June 7, 2010. Finance ministers of the 16-member Eurozone are meeting here on Monday to finalize details of the rescue package agreed about one month ago to assure markets rattled by the...

Thailand to revise up investments\’ value for 2010

BANGKOK, June 18 (Xinhua) -- Thailand\'s Industry Ministry over the next 1-2 months will revise up a targeted value of new investment requests for 2010, Industry Minister Chaiwut Bannawat said Friday, the Thai News Agency (TNA) reported. The ministry\'s current target of receiving the new investment requests from companies is valued at 500 billion baht (15.43 billion U.S. dollars) for 2010. According to the Board of Investment (BOI), foreign investors are still interested in investing...

Mexican inflation expectations ease in May

MEXICO CITY, June 1 (Xinhua) -- A survey showed expectations for inflation in Mexico have dropped by 0.25 percentage points to 4.94 percent in May, while forecasts for growth have edged up, the Bank of Mexico said Tuesday. Results of the survey showed that economic growth expectations edged higher to 3.26 percent from 3.08 percent, the bank said in a report. \"Just like in previous months, this survey showed an improvement in expectations compared with the current economic activity,\"...

Malaysian private investment needs 12.8% growth to meet targ

KUALA LUMPUR, June 15 (Xinhua) -- Malaysia\'s private investment need to grow at an average rate of 12.8 percent a year in the next five years to reach an economic growth target of 6 percent, a minister said here Tuesday. Malaysian Second Finance Minister Ahmad Husni Hanadzlah made this remark when chairing the focus group meeting for the country\' s Budget 2011 at Putrajaya, the administration center of the nation\'s federal government, on Tuesday. The minister said the meeting...

＂Second home＂ standardized

The Chinese Central Government announced Friday that its definition of what constitutes a second home will be based on the number of homes owned per family, rather than by each individual. (Photo: Global Times) By Tu Lei BEIJING, June 7 -- The Chinese Central Government announced Friday that its definition of what constitutes a second home will be based on the number of homes owned per family, rather than by...

S. Korea receives request for beef import resumption from Ca

SEOUL, June 11 (Xinhua) -- Canada has made an official request for bilateral talks with South Korea for resumption of Canadian beef imports, the Ministry for Food, Agriculture, Forestry and Fisheries said on Friday. The ministry said that Canada has asked for one-on-one technical consultations between beef experts of the two nations. Officials here are mulling ways on how to deal with the beef issue, according to the country\'s state-run broadcaster KBS. Seoul is considering...