International

• Monday, September 12th 2011 - 20:56 UTC

  OPEC forecasts slower global oil demand and production

  

  OPEC cut its forecast Monday for global oil demand and production, citing the slowing economic recovery. In its monthly report, the Organization of Petroleum Exporting Countries said it expected demand growth to drop to 1.1 million barrels per day -- 150,000 barrels per day fewer than its earlier forecasts.

• Monday, September 12th 2011 - 20:09 UTC

  Central bankers admit growth slowdown but no sign of world recession

  

  Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.

• Monday, September 12th 2011 - 02:25 UTC

  CFK in France to meet Sarkozy and witness Peace prize award to Grandmothers

  

  Argentine President Cristina Fernández de Kirchner travelled on Sunday to France and is scheduled to meet with her peer Nicholas Sarkozy on Wednesday midday at the Palais de l'Élysée, according to French government sources.

• Monday, September 12th 2011 - 02:05 UTC

  G8 and Mid East pledge 38bn dollars for Arab spring transition to democracy

  

  Western and Middle Eastern governments pledged to help Egypt, Tunisia, Morocco and Jordan make the transition to democracy, mobilizing 38 billion dollars of financing, mostly through international lending organizations.

• Monday, September 12th 2011 - 02:01 UTC

  German ‘pragmatic’ top official for ECB board to help tackle Euro crisis

  

  Germany has proposed Deputy Finance minister Joerg Asmussen to replace Juergen Stark on the European Central Bank's executive board, Finance Minister Wolfgang Schaeuble said.

• Monday, September 12th 2011 - 01:49 UTC

  NZ meat industry puts up its best show for Rugby World Cup fans

  

  New Zealand's biggest meat company expects the horde of carnivorous rugby fans to consume an extra 70,000 of sheep, cattle and deer during the Rugby World Cup that took off last Friday.

• Saturday, September 10th 2011 - 06:22 UTC

  IMF chief calls on economic leaders to act with “conviction and urgency”

  

  Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a “dangerous new phase” of recovery.

• Saturday, September 10th 2011 - 06:12 UTC

  US says Germany must give “unequivocal” financial support to weaker Euro states

  

  United States pressed Europe's strongest economies on Friday to give “unequivocal” financial support to weaker Euro zone states to overcome a debt crisis that threatens the world economy.

• Saturday, September 10th 2011 - 06:04 UTC

  Germany prepares to support banks exposed to a possible Greek default

  

  Germany’s Chancellor Angela Merkel government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.

• Saturday, September 10th 2011 - 06:02 UTC

  China’s inflation eases in August and industrial output soars 13%

  

  China's rate of inflation eased in August, after hitting a three-year high in July, according to the National Statistics Bureau. Consumer prices in the world's second largest economy rose 6.2% from a year earlier, down from 6.5% in July.