Obama urges China to revalue its currency
President Barack Obama has urged Chinese Premier Wen Jiabao to speed up the revaluation of his nation's currency.
In a two-hour long meeting on the sidelines of the U.N. General Assembly, Mr. Obama expressed his concern that the slow pace of reforms was affecting both the global and U.S. economies.
A top U.S. aide said, the talks also covered security issues including Iran, Sudan and the dispute... [ Continue reading... ]
Sensex down 85 points
Snapping a huge seven-session rally, the Sensex at the Bombay Stock Exchange declined 85 points to 19,417 points amid profit-booking, and after the Reserve Bank increased key policy rates today.
The Nifty at the National Stock Exchange fell 32 points to 5,829 points. Stock markets in Japan, China, Hong Kong, South Korea and Singapore dropped between 0.1 percent and 2... [ Continue reading... ]
China underlines its role in South Asia
China underlined its role in South Asia, saying that as an "important member" of Asia, it is willing to work with India for peace and stability in the sub-continent.
During a media briefing in Beijing, Chinese Foreign Ministry Spokesperson Jiang Yu said that China is committed to safeguarding peace and stability of Asia, including South Asia.
Jiang also said China and India as emerging powers can work... [ Continue reading... ]
J&K sensitive issue: India tells China
New Delhi has asked Beijing to respect India's sensitivities on Jammu and Kashmir. Speaking to newsmen in Mumbai, External Affairs Minister S M Krishna voiced his great concern over China's remarks on the state.
He asserted that Jammu and Kashmir is an inalienable part of India.
Earlier, Krishna, who attended a meeting of the parliamentary consultative attached to his Ministry, visited the iconic... [ Continue reading... ]
