Geithner says US economy stabilising

Geithner says US economy stabilising
19-05-2009

The American treasury secretary, Timothy Geithner, has given his most optimistic comments on the state of the country's economy since the beginning of the global financial crisis last year.

Speaking in Washington, Mr Geithner said that the US economy had clearly stabilised but stressed that a bumpy road to recovery still lay ahead.

Lula arrives in China to improve ties

Lula arrives in China to improve ties
19-05-2009

The Brazilian President, Luis Ignacio Lula da Silva, has arrived in China, as relations continue to deepen between the two giant developing economies.

President Lula earlier called for bilateral trade to be conducted in Brazil's and China's own currencies, in a further challenge to the global dominance of the dollar.