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Stories for June 29th 2007

• Friday, June 29th 2007 - 21:00 UTC

  White House calls for extension of special trade powers

  The White House has urged Congress to renew President George W Bush's ability to agree trade deals without Congress interference. Its comments come ahead of a 30 June deadline that ends Congress' current inability to seek to amend any global trade deals that the President agrees.

• Friday, June 29th 2007 - 21:00 UTC

  Beijing tightens and Shanghai composite drops 7% in June

  China's main stock exchange index dropped 2% Friday, making June the worst month since May 2005. Fears that the government might announce measure to soak liquidity are behind the collapse.

• Friday, June 29th 2007 - 21:00 UTC

  Growing controversy in US over corn ethanol vs food prices

  

  The main ethanol lobby in United States, Renewable Fuels Association, RFA, said that the growing demand for renewable fuel based on corn is not responsible for the recent increase in milk and dairy products worldwide.