International

Sunday, February 11th 2007 - 20:00 UTC
G 7 demand more exchange rate flexibility for China's Yuan

Finance ministers and bankers from the Group of Seven leading industrialized countries, G7, renewed pressure on China to relax controls over its currency. China promised more flexibility but gave no indication of time or percentages.
Sunday, February 11th 2007 - 20:00 UTC
British tycoon offers price $ 25 million to clean up atmosphere

As if offering flights to space and recently hosting his own reality show were not enough to get British billionaire Sir Richard Branson the publicity he so richly affords, this week he has gone over the heads of environmental leaders everywhere to offer a US$ 25 million prize for the first scientist who can invent an economically viable way to clean carbon from Earth's atmosphere.
Saturday, February 10th 2007 - 20:00 UTC
Emerging markets diversity outpaces JP Morgan

JP Morgan's family of EMBI (Emerging Markets Bond Index) indexes, once seen as the most important measure of aversion to developing countries' risk, no longer expresses the diversity of fast-growing emerging markets, the bank admitted in a report
Saturday, February 10th 2007 - 20:00 UTC
UK Farmers urge ban on poultry imports

Farmers are calling for a ban on raw imported poultry meat from countries infected with the H5N1 bird flu virus until the cause of the UK outbreak has been established.
Friday, February 9th 2007 - 20:00 UTC
G 7 Ministers address world financial markets' stability

Europe's concern with the stability of world financial markets is one of the main issues to be addressed by the seven most industrialized countries Finance ministers meeting, G-7, which is meeting in Germany and will see China participate for the first time in the main debates.
Thursday, February 8th 2007 - 20:00 UTC
ECB warns about medium term risks to price stability

The European Central Bank, ECB, decided Thursday to keep its key interest rate on hold at 3.5%, but pointed out that “strong vigilance” remains essential to ensure that “risks to price stability over the medium term do not materialize”.
Thursday, February 8th 2007 - 20:00 UTC
Bank of England leaves rates unchanged at 5.25%

The Bank of England left interest rates unchanged at 5.25% following a surprise rise last month. In January, the Bank increased rates from 5.0% to 5.25% in an attempt to curb inflation, which had hit an 11-year high of 3% the month before.
Wednesday, February 7th 2007 - 20:00 UTC
US Fed chief warns about growing economic inequality

United States Federal Reserve Chairman Ben Bernanke said on Tuesday that while on average economic well-being has increased for US citizens the degree of inequality in economic outcomes has raised as well.
Monday, February 5th 2007 - 20:00 UTC
UN calls for better management of fish stocks

Rising demand for seafood and other marine produce will lead to a collapse of today's commercial fish stocks by 2050 unless better management is introduced, exemplifying the challenges facing Governments in a globalized world, according to a new United Nations report released Monday.
Thursday, February 1st 2007 - 20:00 UTC
IMF “shape up” policy includes selling gold reserves

A report by a Committee of Eminent Persons advised the International Monetary Fund on Wednesday to sell 400 tons of its gold reserves as part of a new strategy to set the Fund's finances on a sustainable basis.