Iraq Seeks $20-Bln Investment for New Oil Refineries
Iraq is seeking 20 billion U.S. dollars in investments to finance four new oil refineries, said its oil minister.
G20 Leaders Reach Agreements on Open Markets, Deficit Cut
G20 leaders agreed that an open market is vital to increase job opportunities and sustain growth; advanced economies planned to halve deficit by 2013.
US Congress Approves New Unilateral Sanctions Against Iran
The House of Representatives passed the bill 408-8; the Senate earlier approved the sanction 99-0.
EU, US Open Skies Moves to Next Phase
The second-stage "open skies" agreement aims at further regulatory cooperation and additional market opportunities.
Western Australia Makes U-Turn over Rio, BHP's JV
BHP and Rio move have moved closer to a joint venture deal as the western Australian government made a U-turn on the plan.
Belarus Escalates Dispute with Russia over Gas
The president of Belarus ordered a halt to the transit of Russian natural gas to Europe on Tuesday, escalating an energy conflict with Moscow.
Germany, France and UK to Lobby G20 over Bank Levy
Germany, France and Britain have agreed to introduce a bank levy to help them meet the costs of the financial crisis, said the European heavyweights in a joint statement.
China, Australia Sign A$10-Billion Trade Deals
China and Australia have signed ten deals worth more than 10 billion Australian dollars ($8.8 billion) mainly in the resources and energy sector.
Japan's Kan Backs Consumption Tax Hike Proposal
Japan's outstanding public debt stands at 862 trillion yen – 1.8 times the gross domestic product while "strong state finances is essential for both growth and social security."
China's Central Bank Pledges to Make Yuan More Flexible
"China has entered a critical period for sustainable development, which would only be guaranteed by economic structure adjustment," said China's Vice Premier Li Keqiang.
Qatar to Invest US$2.8 Bln in AgBank IPO
Qatar Investment Authority will buy US$2.8 billion worth of shares in AgBank's planned IPO.
China's Economy to Grow 9.5Pct in 2010: World Bank
China's economy is likely to expand 9.5 percent in 2010, said the World Bank in its latest report.
Worries Linger as Price Hikes in China: PBOC Survey
Chinese consumers are becoming more cautious about the growth of income and jobs in the future, as worries about the hiking prices still linger.
EU Targets Worldwide Bank Levies
European leaders have agreed to introduce national bank levies at a summit Thursday in Brussels.
US Current-Account Gap Widened in First Quarter
The U.S. trade deficit in current account rose to 109 billion U.S. dollars in the first quarter of 2010.
Iran to Construct New Powerful Reactors
Iran's nuclear chief says his country is designing a new atomic research reactor.
UK Announces Overhaul of Banking Systems
UK has announced on Wednesday a radical overhaul of the country's financial system by 2012.
China NDRC Predicts 2.6Pct CPI Growth in First Half
China's average annual consumer inflation will probably edge up to 2.6 percent for the first half of the year.
France Plans to Cut 45Bln Euros in Spending by 2013
France will slash state spending by 45 billion euros in the next three years to bring its public deficit back down to three percent of gross domestic product by 2013.
China's Top Economic Planner Engaged in Refuting Price Rumors
China's top economic planner has rejected four reports relating to food price changes in one week's time, describing them as "unverified reports."
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