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Stories for May 17th 2007

• Thursday, May 17th 2007 - 21:00 UTC

  Japan: rates unchanged at 0.5% as economy looses steam

  The Bank of Japan on Thursday kept its key interest rate on hold at 0.5% after a recent slip in consumer prices but the country's chief banker cautioned about leaving rates “too low, too long”.

• Thursday, May 17th 2007 - 21:00 UTC

  White House/Senate deal on immigration and border security

  The White House and key senators agreed Thursday to reshape United States immigration laws and give millions of illegal immigrants' legal status, a compromise that carries heavy potential risks because it still must pass the test of approval.

• Thursday, May 17th 2007 - 21:00 UTC

  World Bank begins nomination process to replace Wolfowitz

  

  The World Bank Board announced late Thursday that President Paul Wolfowitz will resign June 30, putting an end to his two year controversial tenure finally undermined by the generous compensation he arranged for his girlfriend.

• Thursday, May 17th 2007 - 21:00 UTC

  Argentina's economy expands 8% in first quarter

  Argentina's economy expanded 7.6% in March compared to a year ago and accumulated 8% growth in the first quarter of the year according to a release from the country's Statistics and Census Office.