International

Wednesday, March 14th 2007 - 21:00 UTC
Shanghai Exchange favors greater fluctuation margins

The Shanghai Stock Exchange (SSE) has proposed raising the maximum share price fluctuation for listed companies from 10 to 20% per day. The move is part of a package of proposals for changing trading mechanisms based on a study jointly conducted by SSE and Guotai Junan Securities Co. Ltd reports China's Xinhua agency.
Tuesday, March 13th 2007 - 21:00 UTC
China promises “gradual reform” to counter record surplus

China will pursue gradual reform in the foreign exchange market this year and will aim to keep the currency basically stable, the People's Bank of China said on Monday. The central bank also said that while it was willing to accelerate financial reforms it needed more time to reduce its trade surplus.
Saturday, March 10th 2007 - 21:00 UTC
US prepared to cut farm subsidies but wants reciprocity

United States is prepared to reduce agricultural subsidies but wants to ensure market access for goods and services, President George W. Bush said on Saturday in Uruguay, the second leg of his five countries tour of Latin America.
Thursday, March 8th 2007 - 21:00 UTC
“Parallel push” to combat climate change and ozone depletion

The head of the United Nations Environment Programme, UNEP, has applauded the findings of a new study that calls for a “parallel push” to fight climate change and also to decrease chemicals harming the ozone layer which shields the Earth from harmful ultraviolet light.
Thursday, March 8th 2007 - 21:00 UTC
Asia and Europe markets advance; Wall Street Latam falter

Stock markets in Europe and much of Asia extended a rally overnight after a week of losses in global equities but Wall Street faltered as investors pulled back. European markets steamed ahead following on Asia's rebound although Tokyo and Hong Kong turned lower.
Thursday, March 8th 2007 - 21:00 UTC
Euro zone rate up 25 points to 3.75%; unchanged in UK

The European Central Bank raised its key interest rate 25 points to 3.75% in an attempt to keep inflation under control and in the United Kingdom the Bank of England left rates unchanged at 5.25%.
Wednesday, March 7th 2007 - 21:00 UTC
Greenspan: “one third probability” of recession

Former Federal Reserve Chairman Alan Greenspan said there's a “one-third probability” of a recession this year in United States and that the current expansion won't have the staying power of its decade-long predecessor.
Wednesday, March 7th 2007 - 21:00 UTC
World economy “is very strong”, says US Treasury Secretary

United States Treasury Secretary Henry Paulson in the middle of an Asian tour and currently in South Korea expressed confidence in the global economy describing it as strong and characterized by low inflation.
Tuesday, March 6th 2007 - 21:00 UTC
London and Paris among the top four most expensive cities

Four European cities are the most expensive in the world claims a survey from the Economist Intelligence Unit's worldwide cost of living survey. Latinamerica on the other hand has the cheapest average cost of living.
Tuesday, March 6th 2007 - 21:00 UTC
Global markets rebound; caution over US economy data

Stock markets around the world rebounded on Tuesday after five days of losses but concerns over volatility remain. In Latinamerica major stock markets followed on the world reaction with Sao Paulo soaring almost 5%.