World Economy

Norwegian central bank raises key rate to 5.50 per cent

ABN - AMRO BANKOslo - Norway's central bank Wednesday raised its key lending rate to 5.50 per ce

Paddy rice price in Vietnam rises 10 per cent in a week

Hanoi - Paddy RicePaddy rice prices in Vietnam have increased by almost 10 per cent over the past

Macau freezes casino development to check spiralling growth

Hong Kong - Macau, the Las Vegas of the East, is to freeze its gaming industry development over fears that its rapid growth is threatening the former Portuguese colony's economy.

Britain announces aid package to help combat food price crisis

Britain - Food Price CrisisLondon - Britain Tuesday announced an aid package total

Dutch city giving free energy-saving bulbs to low-income households

Amsterdam  - A total of 6,000 low-income households in the city of Leeuwarden, in the northern Netherlands, will be receiving a so-called energy box in May from the municipality.

Bundesbank chief believes world economic crisis easing

BundesbankMunich  - The crisis in global financial markets is already easing, but is not over yet, acco

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