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December 26, 2008 Friday
Updated

BANGKOK - NEW premier Abhisit Vejjajiva said on Friday that tackling Thailand's current economic problems will be a 'tougher job' than dealing with the 1997 Asian financial crisis.

The Oxford-educated economist said he planned a 300 billion baht ($12.4 billion) stimulus plan to help the kingdom to recover from months of political turmoil and ride out the global economic downturn.

 
China, Taiwan sign oil deals

BEIJING - CHINA National Offshore Oil Corp., the country's largest offshore oil and gas producer, signed four oil cooperation agreements on Friday with Taiwan's CPC Corp., state media reported.

US stocks open higher

NEW YORK - US SHARE prices opened higher in light post-Christmas trading on Friday after the US Federal Reserve threw a lifeline to ailing automaker General Motors's partly owned finance company.

Gome suspends chairman

SHANGHAI - CHINA'S Gome Electrical Appliances has suspended its billionaire chairman Huang Guangyu from executive duties amid a police probe into his financial activities, state media reported on Friday.

   
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