Oil exporting Iran prints enough money to drive inflation to 17%
TEHRAN, May 20, 2007 (AFP) - Iran's inflation is set to rise to 17 percent this year with money supply growth continuing to soar, the central bank said on …
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Kuwait cuts loose from sinking dollar
KUWAIT CITY, May 20, 2007 (AFP) - Kuwait on Sunday pegged its dinar to a basket of international currencies after more than four years of linking the local …
China makes equity investments from forex reserves
BEIJING, May 21, 2007 (AFP) - A new Chinese investment company charged with handling the nation's bulging reserves has agreed to invest three billion dollars …
Oil-rich Iran to ration petrol to get out of subsidy fiasco
TEHRAN, May 21, 2007 (AFP) - Oil-rich Iran is to delay a plan, scheduled to be implemented on Wednesday, to ration petrol and raise pump prices that is …
G11 admits two great sins; promise “fiscal prudence and sound monetary policies” in future
SHUNEH, Jordan, May 19, 2007 (AFP) - G11 developing countries agreed at a summit Saturday on a framework to push for cooperation with G8 industrialised nations …
Middle East WEF to promote peace, economic diversification
SHUNEH, Jordan, May 18, 2007 (AFP) - Jordan's King Abdullah II on Friday opened a three-day Middle East World Economic Forum, urging political and business …
Wolfowitz to resign as World Bank chief end-June
WASHINGTON, May 17, 2007 (AFP) - World Bank president Paul Wolfowitz bowed to weeks of pressure Thursday and agreed to step down June 30 to end a favoritism …
Wolfowitz support wanes as World Bank mulls his fate
WASHINGTON, May 16, 2007 (AFP) - World Bank directors were to continue talks Thursday on the fate of Paul Wolfowitz, amid reports the embattled president is …
World Bank board to continue Wolfowitz debate Wedneday
WASHINGTON, May 15, 2007 (AFP) - World Bank executive directors said late Tuesday they would continue deliberations about the fate of the embattled bank …
World Bank board to decide Wolfowitz’s future today
WASHINGTON, May 14, 2007 (AFP) - The World Bank executive board will decide on Tuesday whether bank president Paul Wolfowitz can continue to lead the …
Kate Webb, legendary Asian correspondent, dies
SYDNEY, May 13, 2007 (AFP) - Through wars, disasters and coups, foreign correspondent Kate Webb chronicled the turbulent birth of modern Asia, becoming a media …
Swiss central banker sees more rate hikes, to keep inflation below one percent
GENEVA, May 13, 2007 (AFP) - Further increases in Swiss interest rates are still on the cards, one of Switzerland's central bankers said Sunday, while also …
China’s inflation 3.0% in April, down from March
BEIJING, May 14, 2007 (AFP) - China's consumer price inflation eased in April, rising 3.0 percent from a year earlier, the National Bureau of Statistics said …
Money printing, 2,200% inflation keep 80% of Zimbabweans in poverty
HARARE, May 13, 2007 (AFP) - Zimbabwean cashier Cosmas Gwizo does not look forward to pay day. buy vibramycin online …
World Bank gives Wolfowitz more time
WASHINGTON, May 9, 2007 (AFP) - The board of the World Bank has given an additional week to embattled bank president Paul Wolfowitz to defend himself in a …
ADB looks for new role after success in growing Asian prosperity
KYOTO, Japan, May 5, 2007 (AFP) - The Asian Development Bank came under pressure Saturday not to abandon the region's poorest as it considers a major overhaul …
China invests in key projects in Zimbabwe as West tighten economic sanctions
BULAWAYO, Zimbabwe, April 27, 2007 (AFP) - Zimbabwean President Robert Mugabe said on Friday that burgeoning economic ties with Asian countries were paying off …
Money printing, deficit spending Zimbabwe’s inflation soars to 2,200 percent
HARARE, April 26, 2007 (AFP) - Zimbabwe, already battling to contain the world's highest rate of inflation, announced on Thursday that the figure had soared …
India’s central bank keeps key rates unchanged
MUMBAI, April 24, 2007 (AFP) - The Reserve Bank of India on Tuesday left key short-term borrowing rates unchanged as it seeks to keep economic growth on track …
Singapore’s founding leader dismisses gripes over pay hike
SINGAPORE, April 23, 2007 (AFP) - The debate over the million-dollar paychecks of Singapore's cabinet ministers is "rubbish" because the city-state needs to …