Economic slowdown: China launches Shanghai free trade zone hub

BEIJING: Looking to reverse the economic slowdown, the new Chinese leadership initiated further financial reforms by approving its biggest experimental project to establish a pilot free trade zone in China's biggest business hub, Shanghai.

Geithner Began With 'Smoldering' Economy; What Does He Leave?

Outgoing Treasury Secretary Timothy Geithner has had a bruising four years. He took office when the U.S. economy was plunging into the worst recession since the Great Depression.