World Economy

G8 turns to the economy, climate change

Toyako, Japan - Group of Eight (G8) leaders turned to the environment and to surging oil and food prices Tuesday amid concerns that high commodity prices may further slowdown the global economy.

OPEC crude slightly lower on Friday

OPECVienna- The price for crude oil produced by the Organization of the Petroleum Export

Pakistan rupee breaks new record low against dollar

Karachi - Pakistan's troubled rupee slumped to a new record low on Monday against the US dollar over continued political and economic uncertainties, traders said.

Japan's foreign reserves exceed 1 trillion dollars in June

Tokyo - Japan's foreign reserves exceeded 1 trillion dollars in June on rises in the appraisal value of the nation's euro-denominated assets and gold holdings, the Finance Ministry said Monday.

Lao president warns of oil price impact on economy

Bangkok - Laos, a land-locked nation with no known petroleum resources, faces a serious threat from rising oil prices this year, the country's president warned Monday.

G8 leaders to call for stockpiling basic grains

Toyako  -Leaders of the Group of Eight (G8) industrialized nations will agree during their summit in Hokkaido to stockpile grains to better cope with future food crises, sources said.

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