International

• Monday, December 25th 2006 - 20:00 UTC

  China to pursue “prudent monetary policy” in 2007

  

  China will continue to pursue a prudent monetary policy in the coming months, aiming to keep the Yuan exchange rate stable at a reasonable and balanced level, said Monday China's Central Bank in Beijing.

• Sunday, December 24th 2006 - 20:00 UTC

  Search operation for crew members of sunken fishing vessel

  Two crew members from a Korean fishing vessel that sunk in the South Atlantic at mid week remain unaccounted for in spite of the intense search and rescue operation.

• Wednesday, December 20th 2006 - 20:00 UTC

  Latest data question US inflation is under control

  United States producers' prices (wholesale prices) registered last November the biggest increase in three decades, while the housing slump showed signs of bottoming out.

• Monday, December 18th 2006 - 20:00 UTC

  Norway creates world's largest offshore oil company

  

  Norway's leading hydrocarbons' company Statoil ASA announced Monday the acquisition of Hydro oil and gas ASA creating the world's largest offshore operator. The new company will have a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalents.

• Saturday, December 16th 2006 - 20:00 UTC

  Spanish airline Air Madrid suspends all flights

  

  Privately owned carrier Air Madrid suspended all its flights on Friday, leaving tens of thousands of passengers stranded over Christmas and blaming its action on a development ministry threat to suspend its license.

• Saturday, December 16th 2006 - 20:00 UTC

  First ever Spanish airliner lands in Gibraltar

  

  An Airbus 319 from Iberia became Saturday December 16 the first ever Spanish airline to fly to Gibraltar signaling an event that after decades of tension Spain, Britain and Gibraltar are finally overcoming a centennial sovereign dispute by concentrating on cooperation and development.

• Saturday, December 16th 2006 - 20:00 UTC

  London sq ft can reach as much as 5.860 US dollars

  

  Brimming with posh stores and elegant shoppers, New York City has always held a certain cachet. But there is something that the US's largest city can no longer claim: the world's most expensive residences.

• Friday, December 15th 2006 - 20:00 UTC

  Penguin News Update

  

  Headlines: A close shave for cash; Status: to have and to hold?; De-mining study; Attorney General's shock resignation; This week's cruise visits; New Playground to open; Legislative Council meets today; Get ready for the Raft Race.

• Thursday, December 14th 2006 - 20:00 UTC

  Bajii Yangtze dolphin “is functionally extinct”

  

  The Baiji Yangtze Dolphin is with all probability extinct reports a scientific expedition from the Institute for Hydrobiology Wuhan, China, and the Swiss-based baiji.org Foundation. During six weeks they desperately searched the Yangtze River for a specimen but in vain.

• Wednesday, December 6th 2006 - 20:00 UTC

  China forecasted to expand above 10% next year

  China's growth next year is forecasted to exceed 10% and consumer prices should be in the range of 1.5% according to the latest estimates from the People's Bank of China, reports the Chinese agency Xinhua.