
President Jose Mujica said Uruguay was going through an ‘exceptional’ period vis-à-vis the world crisis but also warned that exceptionality has limits and is not forever.

The International Monetary Fund (IMF) has warned that the worsening debt crisis in the Euro zone poses a key risk to China's growth. IMF added that China also faces domestic risks, not least from a sharper-than-anticipated decline in the property market.

The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from Chinese solar panels has many believing that American solar simply cannot compete. Not so.

Property prices in 70 Chinese cities rose slightly in June, compared to May, after eight months of decline. Home prices rose 0.3% in Beijing and 0.2% in Shanghai compared to the previous month, official data showed.

International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.

China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe. GDP rose by 7.6% in the second quarter, compared with the same period a year ago. That is down from 8.1% in the previous three months.

China, the world's second biggest consumer of fuel, has cut retail oil prices by about 5% with immediate effect. This is the third cut in two months, and some analysts say could be an attempt to increase fuel consumption. Demand for oil fell for the first time in three years in April.

China’s consumer-price inflation eased to a 29-month low in June, giving Premier Wen Jiabao more room to relax economic policies after the second interest-rate cut in a month. The consumer price index rose 2.2% percent from a year earlier, the National Bureau of Statistics said in Beijing. Producer prices dropped 2.1%.

United States launched a trade complaint Thursday against China at the World Trade Organization, accusing Beijing of unfairly imposing duties on more than 3 billion dollars in exports of US-manufactured automobiles.

China's central bank cut interest rates for the second time in two months to bolster an economy widely expected to record its sixth successive slide in growth in April-June.