International

Tuesday, March 27th 2007 - 21:00 UTC
Oil report: Iran tensions push oil price

Oil held below $63 on Tuesday after hitting a 2007 high the previous day on the widening political dispute between Iran and the West and concerns over supply in the United States due to refinery glitches.
Monday, March 26th 2007 - 21:00 UTC
Japan Central Bank committed to gradual rate increases

Bank of Japan board members decided to gradually raise interest rates following on developments in the economy and prices, according to the minutes of the February meeting and confirmed by Governor Toshihiko Fukui.
Friday, March 23rd 2007 - 21:00 UTC
Ascension Islanders accuse Britain of betrayal and deception

A bitter diplomatic row has broken out on a tiny south Atlantic island and British dependency that played a key role in the Falkland Islands conflict 25 years ago, reported this week the Daily Telegraph.
Monday, March 19th 2007 - 21:00 UTC
IDB calls on Latam to prepare for a slower US economy

A recession in United States does not seem likely but can't be discarded warned on Monday the InterAmerican Development Bank, IDB, emphasizing that the region's economic scenario in 2007 is closely linked to events in the world's leading economy.
Monday, March 19th 2007 - 21:00 UTC
As EU approaches half a century, mood is ambiguous

As Europe approaches its fiftieth anniversary of the block's founding Treaty of Rome, 44% of citizens think life has got worse since their country joined the club, according to the latest public opinion poll released Sunday by the Financial Times.
Monday, March 19th 2007 - 21:00 UTC
China's economy energy consumption is “unsustainable”

China in 2006 consumed 15% of the world's energy to produce 5% of the global GDP, a situation described as “unsustainable” by Deputy Prime Minister Zeng Peiyan in an interview with “China's daily”.
Monday, March 19th 2007 - 21:00 UTC
A natural gas OPEC, or an attempt to scare markets?

Five of the world's leading producers of natural gas, Venezuela, Algiers, Qatar, Iran and Russia will be launching the “gas OPEC” during the next energy conference scheduled for April 9 in Doha according to a report from the Russian newspaper Kommersant, quoting Arab diplomatic sources.
Monday, March 19th 2007 - 21:00 UTC
China's Yuan upward march against US dollar

China's Yuan climbed to the strongest since a fixed exchange rate was scrapped in 2005 on speculation China's central bank will seek a stronger currency to slow the economy, after raising interest rates.
Friday, March 16th 2007 - 21:00 UTC
“Consumer demand strong” in spite of slow housing market

Former U.S. Federal Reserve chairman Alan Greenspan said on Thursday that there is not yet any evidence that the slowing US housing market has negatively impacted on the wider economy.
Friday, March 16th 2007 - 21:00 UTC
The truth about Global Warning

The recently released summary of the fourth report of the UN's Intergovernmental Panel on Climate Change (IPCC) wasn't pleasant reading. Temperature will rise 3.2 to 7.8 degrees Fahrenheit by 2100; sea levels could rise 7 to 23 inches, and perhaps an additional 4 to 8 inches if melting of the Greenland ice sheet and Antarctica's Larsen ice shelf continue at current rates; it's likely that the strong hurricanes experienced since 1970 have been produced by global warming; and more drought and severe storms will occur. This global warming is “very likely” (meaning with 90 percent certainty) caused by human activity and will continue long into the future no matter what steps are taken.
If this official verdict on climate change seems bad enough, the real story could be far