Monthly Archives: April 2014

China underlines interest in Latin American investment

China’s Foreign Minister ended a Latin American tour Friday in Brazil, stressing Beijing’s goal of investing in the region as he prepared the way for a July visit by President Xi Jinping. “There is a complementary economic relationship between China … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , | Leave a comment

Obama heads to Philippines as defence pact inked

US President Barack Obama heads to the Philippines on Monday for the most complex leg of his Asian tour balancing act of reassuring allies wary of a rising China while avoiding antagonising Beijing. Obama will land in Manila hours after … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , | Leave a comment

Obama woos Asean from Malaysia

US President Barack Obama will renew his courtship of Southeast Asia on Sunday, launching a grass roots effort to inspire the region’s next generation of leaders in the virtues of democracy. Obama will convene a “town hall” meeting in Malaysia, … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , | Leave a comment

China, Venezuela discuss cooperation deals

Chinese Foreign Minister Wang Yi, on a tour of Latin America, met his Venezuelan counterpart Elias Jaua Monday to discuss boosting cooperation in a range of areas including energy. The diplomats also talked about enhancing collaboration on industrial development, as … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Indonesia aims to boost exports to Taiwan

The government is aiming to increase the value of its export to Taiwan to US$10 billion annually, from a current $7 billion, in three years as part of efforts to lower the current-account deficit, according to a government official. Deputy … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , | Leave a comment

Singapore can play key role in helping China enterprises grow globally

Singapore can play a key role in helping Chinese enterprises grow their businesses globally. Transport Minister Lui Tuck Yew made this point on Monday during a trade conference. A delegation from the Chinese province of Guangdong is in Singapore, seeking … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

India’s Wipro reports quarterly profit up 41%

Wipro, one of India’s biggest outsourcing exporters by sales, reported Thursday quarterly net profit jumped 41 per cent as clients increased spending on the back of a pick-up in the global economy. For the financial fourth quarter ended March 31, … Continue reading

Posted in Business, Economy, Global Sourcing | Tagged , , , , , , , , , , , , , , , , , | Leave a comment