International

Wednesday, January 17th 2007 - 20:00 UTC
China confirms international reserves above a trillion dollars

China's foreign currency reserves stood at more than one trillion US dollars by the end of 2006, according to official figures from the country's Central Bank.
Tuesday, January 16th 2007 - 20:00 UTC
UN official proposes wide spectrum climate change summit

The head of the United Nations Framework Convention on Climate Change (UNFCCC) proposed Tuesday the convening of a global summit backed by the UN to plan a future course of action for tackling the cross-cutting problem.
Sunday, January 14th 2007 - 20:00 UTC
Iranian president visits Latinamerica's “US critics club”

Iranian president Mahmoud Ahmadinejad currently on a visit to the three Latinamerican countries most vocal critics of United States said on Sunday that Nicaragua and Iran share “common interests, common enemies and common goals”
Saturday, January 13th 2007 - 20:00 UTC
Communist Vietnam joins WTO and promises privatizations

Vietnam became this week the 150th member of the World Trade Organization. U.S. Trade Representative Susan Schwab welcomed Vietnam into the WTO saying this is an historic day for Vietnam and the rules-based global trading system.
Friday, January 12th 2007 - 20:00 UTC
China concerned with energy and environment costs

The Chinese economy expanded 10.5% in 2006, the fourth year running it has been growing at double digit pace revealed on Friday Ma Kai head of the powerful Development and Reform Committee, NDRC.
Thursday, January 11th 2007 - 20:00 UTC
World economy to slow in 2007

An expected dampening of the world economy in 2007 after three years of healthy growth has the weakening US housing market primarily to blame, a UN economic report released yesterday said.
Thursday, January 11th 2007 - 20:00 UTC
Bank of England surprise move takes rate to 5.25%

The Bank of England raised Thursday UK interest rates to 5.25% from 5% in an effort to curb inflation and surprising analysts who were expecting the decision for next month.
Thursday, January 11th 2007 - 20:00 UTC
Euro zone interest rate remains unchanged at 3.5%

The European Central Bank balancing growth against inflation held its key interest rate steady at 3.5% Thursday but is expected to keep a close eye on prices and economic momentum ahead of a possible increase in March.
Thursday, January 11th 2007 - 20:00 UTC
Oil plunges to its lowest level price since May 2005

Oil plunged Thursday to its lowest level price since May 2005, below 52 US dollars a barrel, following the continued steep rise in heating oil stocks in United States and a resumption of crude pumping top Europe by Russia.
Wednesday, January 10th 2007 - 20:00 UTC
UNCTAD: global investment expected to slow in 2007

Foreign direct investment (FDI) grew in 2006 for the third consecutive year to reach 1.2 trillion US dollars according to initial estimates released Tuesday by the United Nations, which also warned that economic growth is likely to slow this year because of high commodity prices and other factors.