Palson to visit China again
Treasury Secretary Henry Paulson Jr., continuing efforts to lessen the huge U.S. trade gap with China, announced Wednesday he would make his third visit to the country next month since joining President George W. Bush's cabinet in July.
The Treasury Department said Paulson would meet in Beijing with government officials March 7 and deliver a major speech on Chinese capital markets in Shanghai on March 8.
The administration is trying to convince the Chinese to open their financial markets to greater participation by U.S. companies.(AP)
Russia is interested in acquiring a larger stake in European Aeronautic Defense & Space, the parent company of the airplane manufacturer Airbus, the Russian president, Vladimir Putin, said. Such "meaningful cooperation would be interesting and useful not only for Russian producers but for their European partners," Putin said during a meeting with the French foreign minister, Philippe Douste-Blazy, and the defense minister, Michèle Alliot-Marie. (AP)
Tishman Speyer Properties, the owner of Rockefeller Center in New York, and two Indian partners plan to build a $2 billion commercial and residential development outside of Hyderabad in south- central India. (Bloomberg)
Goldman Sachs Group's chairman and chief executive, Lloyd Blankfein, received more than $54.3 million in cash, stock and options last year after leading the most profitable Wall Street investment bank for just six months. (Reuters)
Best Buy,the top U.S. consumer electronics retail chain, plans to open about 130 stores in the United States, Canada and China during its fiscal year beginning March 4, the company said.
(Reuters)
Renault has become the subject of an inquiry by a French prosecutor after three workers committed suicide since last October. Michel Desplan, the public prosecutor in Versailles, said he opened the inquiry into working conditions at a Renault technical design center. The CFDT workers union said that employees had been under increasing pressure since the company introduced a restructuring plan last year. (Reuters)
AT&T Inc., the largest U.S. telephone company, won a five-year contract worth almost $1 billion from General Motors to provide communications services and help integrate the automaker's networks.
(Bloomberg)
Thailand has held "unofficial" talks with Temasek Holdings of Singapore about buying satellite and mobile phone assets it acquired from investors, including the family of the deposed Thai prime minister, Thaksin Shinawatra. (Bloomberg)
British Airways ordered four Boeing 777-200 extended range aircraft to bolster its fleet. (AP)
Comments
Paulson to embark on third China visit
(AP)
Updated: 2007-02-22 09:11
WASHINGTON - US Treasury Secretary Henry Paulson, continuing efforts to deal with America's huge trade gap with China, will make his third visit to the country next month since joining President Bush's Cabinet last July.
The Treasury Department announced Wednesday that Paulson will meet in Beijing with government officials on March 7 and deliver a major speech on China's capital markets in Shanghai on March 8.
Related readings:
Cheney: US-China trade making progress
EU trade experts seek to drop China duties
US trade deficit hits new record high
Trade surplus rises despite effort
China posts record trade surplus
Adjust trade imbalance
The administration is trying to convince the Chinese to open their financial markets to greater participation by U.S. companies as a way to strengthen the Chinese financial system by introducing American expertise and greater competition.
The U.S. trade deficit with China hit a record $232.5 billion last year, prompting more calls by Democrats in Congress for the administration to do more to deal with the soaring imbalance.
Paulson announced last week that he was setting up a telephone hotline to connect him directly with Chinese Vice Premier Wu Yi, his counterpart in a new high-level dialogue designed to ease trade tensions between the two nations.
Paulson also announced he had tapped Alan Holmer, a pharmaceutical executive and former top trade official in the administration of President George H.W. Bush, to be his top deputy oveseeing the China discussions. The next meeting of the U.S.-China dialogue is scheduled for May 23-24 in Washington.
In addition to China, Paulson will stop in Tokyo for meetings on March 5 with Japanese Finance Minister Koji Omi and Toshihiko Fukui, the head of Japan's central bank.
On March 6, Paulson will meet in Seoul, South Korea, with top finance officials in that country, Treasury spokeswoman Brookly McLaughlin said.
Posted by: J.Wang | February 22, 2007 03:47 PM