May 31, 2009 Sunday
Updated


BEIJING - US TREASURY Secretary Timothy Geithner, aiming to persuade China that its US investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.

'No one is going to be more concerned about future deficits than we are,' he told reporters while en route to Beijing for two days of meetings on Monday and Tuesday with top Chinese officials including President Hu Jintao and Premier Wen Jiabao.

 
Pushing for trade referendum

TAIPEI - TAIWAN'S pro-independence opposition on Sunday renewed its pledge to hold a referendum aimed at stopping the Beijing-friendly administration from signing a comprehensive trade pact with China.

Auto's day of reckoning

WASHINGTON - THE once mighty US auto industry faces a day of reckoning on Monday with the looming bankruptcy of General Motors and an expected court ruling on the sale of Chrysler to a group led by Italy's Fiat.

The global economic crisis has hit the US industry hard, prompting massive intervention by President Barack Obama's administration to prevent total collapse and a new blow to the nation's economy, which is already in recession.

Superjumbo flies to Bangkok

BANGKOK - EMIRATES, the world's top buyer of the Airbus A380 superjumbo, is expanding its service into Asia with the aircraft's first commercial flight to Bangkok on Monday, an airport official said.

   
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