July 9, 2009 Thursday
Updated


L'AQUILA (Italy) - CHINA would like to see the global currency exchange system, currently dominated by the US dollar, become more stable and diversified, a senior official told reporters on Thursday.

 
Wall St lifts on Alcoa earnings

NEW YORK - WALL Street bounced higher on Thursday after better-than-expected financial results from aluminum giant Alcoa brightened hopes for the quarterly corporate earnings season getting underway.

AirAsia starts courier service

KUALA LUMPUR - BUDGET carrier AirAsia on Thursday launched 'Redbox', an express courier service it says will be 50 per cent cheaper than its rivals.

China soars in rankings

WASHINGTON - THE number of US companies featured in the annual Fortune 500 list of top global companies fell to lowest level ever, the business magazine said, while more Chinese firms appeared than ever before.

Signaling the effects of the devastating financial crisis on the US economy, a non-US firm topped the list for the first time in over a decade, with Anglo-Dutch energy giant Royal Dutch Shell coming in first.

   
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