OPEC Likely to Keep Prices, Production Steady
OPEC, the Organization of Petroleum Exporting Countries, is not expected to make any big changes in production quotas at a meeting Sunday in Vienna.
China Outstrips US in Japan Trade
For the first time since World War II, the United States is no longer Japan's biggest trading partner.
Analysts: US Economy Could Slow Global Growth
While the world economy is expanding rapidly, some economists are concerned the U.S. economy could slow global growth as interest rates rise.
Study
Criticizes Differing Consumer Price Structures
A new economic study done by a private
firm in Washington suggests that ending the disparity
in prices that consumers pay in rich countries could
boost global output by as much as two percent.
California
Town Blocks Wal-Mart's Expansion Plans
Voters
in the California city of Inglewood have dealt a blow
to the retail giant Wal-Mart, which had planned to build
a super-store in their city. The world's largest retailer
still has aggressive plans to expand in the region.
OECD
Scales Back Growth Projections for Europe, Japan
The
Paris-based Organization for Economic Cooperation and
Development is scaling back its growth projections for
Europe and Japan. The economic think tank is particularly
concerned about the weak German economy.
Indonesian
Cabinet to Halt Some Fuel Price Increases
The Indonesian cabinet said it will rescind
some price hikes in fuel and electricity after facing
weeks of angry street protests.
China:
Faces Fiscal Problems cause of Unemployment
China's finance minister says the government faces "grim" fiscal problems coping with the rising
unemployment, and cannot afford a tax cut.
Aviation:
Kuwait Airways Expands Reach
Kuwait
Airways is will become the third foreign airliner
to fly regularly to the Cochin International Airport
at Nedumbassery when its maiden flight touches the
airport at 06:00 hrs (local time) on March 25, according
to the airport authorities.
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