International

Wednesday, November 21st 2007 - 20:00 UTC
OECD warns of mortgage debacle on equity markets

The Organization for Economic Cooperation and Development, OECD said on Wednesday that overall losses caused by the U.S. mortgage market crisis could hit 300 billion US dollars and the broader credit crunch could yet inflict greater damage on equity markets.
Wednesday, November 21st 2007 - 20:00 UTC
China forecasts boom in cooking oil and grains markets

China's soy oil purchases will represent 45% of world's imports by the end of last September up 25% from seven years ago according to a report from the Beijing government supported Shanghai Daily”.
Wednesday, November 21st 2007 - 20:00 UTC
Repsol CEO demands clear rules for investors in Latam

Spain's Repsol-YPF CEO Antonio Brufau claimed on Wednesday that “certain countries” in Latinamerica, which he did not specify, seem to have difficulties in perceiving the benefits that come with foreign investments, both for the economy and its population.
Wednesday, November 21st 2007 - 20:00 UTC
US dollar slumps to new low against the Euro and Yen

The dollar on Wednesday slumped to a new record low against the Euro pushed by weaker US growth prospects and pressures for another cut to US interest rates when the Federal Reserve Monetary meets next December 11.
Wednesday, November 21st 2007 - 20:00 UTC
EU big farms subsidies to be drastically capped

European Agriculture Commissioner Mariann Fischer Boel announced plans to reduce funding for Europe's biggest farmers which means anyone currently receiving more than 100,000 euros as part of the Single Payment Scheme would have their aid capped.
Tuesday, November 20th 2007 - 20:00 UTC
Trichet cautiously optimistic on global growth prospects

The chairman of the G10 group of central bankers Jean-Claude Trichet was optimistic on Monday about prospects for global growth even though he conceded that the risks remain listed to the downside.
Tuesday, November 20th 2007 - 20:00 UTC
FAO: Aquaculture only way to meet future fish demand

The farming of fish under controlled conditions is the only way to meet future global demand, the United Nations Food and Agriculture Organization FAO said on Monday estimating that rising population numbers mean that by 2030 an additional 37 million tons of fish will be needed to maintain current levels of consumption.
Tuesday, November 20th 2007 - 20:00 UTC
UN conference condemns terrorism and Islamphobia

An international counter-terrorism conference in Tunis co-sponsored by the United Nations has wrapped up with participants stressing that no motive can ever justify acts of terrorism and that Islam should not be blamed for the phenomenon.
Tuesday, November 20th 2007 - 20:00 UTC
US joins world criticism of Japan's whale hunt season

United Stated has added its voice to international criticism of Japan's largest-ever whaling expedition. The UK, Australia and New Zealand have already urged Japan to call off this year's hunt, which will target humpback whales for the first time in decades.
Monday, November 19th 2007 - 20:00 UTC
Pope Benedict calls for total global ban on landmines

Pope Benedict XVI on Sunday called for a total global ban on the use of landmines at his weekly Angelus blessing in Saint Peter's square.