The US dollar bill's standing as the world's favourite form of cash is being pushed aside by the five-year-old euro with the value of Euro notes in circulation totaling 614 billion compared to the equivalent 588 billion Euros in greenbacks.
Sales of new homes in United States picked up in November following a big drop in October, while the backlog of unsold homes on the market became somewhat smaller, according to the latest report from the Commerce Department released Wednesday.
Telephone lines and Internet service collapsed across much of Asia on Wednesday after two powerful earthquakes off the southern tip of Taiwan damaged undersea cables used by several countries to route calls and online traffic.
Morocco's parliament unanimously ratified this week the fisheries agreement with the European Union which entitles 119 EU fishing vessels to operate in the North African country's waters.
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.
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.
United States producers' prices (wholesale prices) registered last November the biggest increase in three decades, while the housing slump showed signs of bottoming out.
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.
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.
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.