| Money woes cloud Pakistan infrastructure boom hopes | | Pakistanis are hoping their new prime minister will roll out high-profile projects that became his party’s trademark in its political heartland of Punjab, but the nation’s dire finances threaten the optimism. | | Chinese exports lowest in a year | | China’s exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, government data showed on Saturday, underlining concerns that growth in the world’s second-largest economy could slow anew in the second quarter. | | TFI and PMDC sign Saudi joint venture | | DOHA - The First Investor, or TFI, the investment banking unit of Barwa Bank Group, announced the signing of a joint-venture deal with Project Management & Development Co, or PMDC, for the first major initiative in the region that will invest in income-generating expat residential compounds in Saudi Arabia. | | Sabic eyeing $4.23 billion steel projects | | RIYADH - Saudi Basic Industries Corporation, or Sabic, is planning to build two steel plants on Saudi Arabia’s Gulf coast for its affiliate Hadeed, it said on Saturday. | | EU, China must resolve trade disputes: Hollande | | French President Francois Hollande said on Saturday the European Union must work with China and called for a balanced resolution to an escalating trade dispute that began with solar panels but has since spread to European wines. | | Hollande says eurozone crisis is over | | French President Francois Hollande has sought reassure Japanese business leaders that the eurozone debt crisis is over but that steps to boost the region’s growth and competitiveness need to be taken. | | Hiring shows US resilience | | US employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back the amount of cash it is pumping into the banking system later this year. | | Canada adds most jobs
in a decade | | Canada’s economy added the most jobs in more than a decade in May led by full-time employment ranging from construction to retailing, suggesting resilience in domestic demand while foreign trade remains weak. | | Bundesbank dampens optimism over growth | | German industrial output and trade activity rose sharply in April but the Bundesbank cut its growth forecast for this year, saying Europe’s largest economy would slow down again after a second-quarter surge. | |
