Economic Issues

1-17 of 35 results

Dollar hits 14-year low against yen

AFP Global Edition 11 hours ago

The dollar slumped to a 14-year low point against the yen on Thursday, prompting fears that a further surge could hurt a fragile recovery in Japan, the world's second largest economy. Gold scored yet another record high, breaching 1,195 dollars an ounce ...

China unveils plan to limit carbon emissions

AFP Asian Edition 15 hours ago

China unveiled on Thursday what it called an ambitious plan to boost energy efficiency and curb its carbon footprint in the most detailed indication yet of its stance heading into a world climate summit. The world's most populous country will cut the ...

Sri Lanka calls gold an 'anchor' for foreign reserves

AFP South Asian Edition 20 hours ago

Sri Lanka's central bank said Thursday gold was an "important anchor" for the country's foreign reserves after it bought more of the precious metal this week. Sri Lanka purchased 10 metric tonnes of gold from the International Monetary Fund for about 375 ...

Gold price breaks $1,195 an ounce

AFP Global Edition 20 hours ago

The price of gold soared above 1,195 dollars an ounce for first time in history here on Thursday, following a purchase of IMF gold by Sri Lanka's central bank. Gold hit 1,195.13 dollars per ounce at around 0400 GMT on the London ...

Mexican president says poverty now first priority

AP News yesterday

Mexican president says reducing poverty top priority for last 3 years in office Mexican President Felipe Calderon said Wednesday that the top priority in the second half of his term will be reducing poverty, after the war against drug cartels took center ...

The bull market – an economic oxymoron?

Stockhouse yesterday

Recent stock market rally is not an indication of economic health After climbing to a 13-month high last week, the major indexes fell for three consecutive sessions amid worries about the economic recovery, the strengthening dollar, and the technology sector. Does that ...

Obama to plead US case at global warming summit

AP Features yesterday

Putting his prestige on the line, President Barack Obama will personally commit the U.S. to a goal of substantially cutting greenhouse gases at next month's Copenhagen climate summit. He will insist America is ready to tackle global warming despite resistance in Congress ...

IMF sells 10 tonnes of gold to Sri Lanka

AFP South Asian Edition yesterday

The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka's central bank for 375 million dollars, as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month ...

China: Rich nations must cap pollution emissions

AP News yesterday

China says rich nations should adopt emission caps because of historical pollution China will seek binding pollution targets for developed countries and reject similar requirements for itself at an international climate summit next month, China's top climate envoy said Wednesday. Yu Qingtai ...

Gold hits record high beyond $1,180 per ounce

AFP Global Edition yesterday

Gold prices on Wednesday hit record highs nearing 1,183 dollars as a weak greenback and inflationary fears fuelled demand for the precious metal. Prices also won support from a report that India was mulling the purchase of more IMF gold reserves, they ...

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