Stories for November 13th 2007

Tuesday, November 13th 2007 - 20:00 UTC
Europe asks China for more financial “responsibility”

Euro-zone finance ministers urged China to bear more “responsibility” for global financial stability as they prepared a top-level mission to lobby Beijing about its runaway trade surplus with Europe.
Tuesday, November 13th 2007 - 20:00 UTC
IMF predicts Europe will weather 2008 credit-crunch impact

Economic growth will slow in most European economies in 2008, with a number of countries vulnerable to tightening credit because of rapid rises in housing costs or high levels of private debt, the International Monetary Fund has reported.
Tuesday, November 13th 2007 - 20:00 UTC
Global banks could loose 400 billion with US housing slump

Global banks are likely to loose up to 400 billion dollars stemming from mortgage investments that have soured in the US housing slump, according to an industry report. Major banks will have to continue to write off stricken multibillion investments in mortgage backed securities.
Tuesday, November 13th 2007 - 20:00 UTC
Biofuels costs and benefits balance analyzed by UN

Biofuels have the potential to cause both good and harm and governments must therefore be careful to balance the costs and benefits of developing them as energy sources, Secretary-General Ban Ki-moon has said in Brazil as he continues an official trip focused on climate change.

Europe asks China for more financial “responsibility”