Category Archives: Economy

US shutdown threatens defense contractors

Defense companies warned Friday they are days away from placing thousands of workers on unpaid leave if the US government shutdown drags on and halts arms manufacturing. Failure by Congress to approve a budget for the new fiscal year has … Continue reading

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8 deals signed to boost China-India ties

China says it’s reached a strategic consensus with India to deepen mutual trust. Premier Li Keqiang made the statement after talks with Indian Prime Minister Manmohan Singh on Monday in New Delhi. The two sides signed eight agreements to expand … Continue reading

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China, India to boost trade

In the last decade, Sino-India trade has grown rapidly. Today China is India’s largest trade partner with the balance of trade in favour of China. In the next step both the countries want to increase not just trade but investment. … Continue reading

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Pakistan: President Zardari announces Chinese takeover of Gwadar port

“The contract of operation of Gwadar port is formally given to China. Today, the agreement is transferred from the Port of Singapore Authority to China Overseas Ports Holding Company Limited,” President Asif Ali Zardari announced. “The award of this contract … Continue reading

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