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EU Pledges $15 Billion for Climate Change
BRUSSELS - EUROPEAN Union leaders said they have agreed to commit 7.2 billion euros (S$14.7 billion) over three years to an international global warming fund, a deal that should boost efforts to help poorer nations cope with climate change.The offer,...
Greek Finance Problem affects EURO
The EU summit was grappling with a Greek financial crisis which threatens the euro and risks destabilising other economies.Athens is already facing possible sanctions from Brussels for running a deficit way above the 3% maximum of GDP permitted under...
New Finance Minister will boast oil for Mexico
Mexican President Felipe Calderon’s decision to appoint Social Development Minister Ernesto Cordero as finance minister may hinder the government’s ability to cut its dependence on oil revenue because he lacks the experience to build support in C...
6 Months not enough to restructure Dubai Debt
Six months is too short to restructure the debt of Dubai World and the company could be forced to sell some of its overseas assets to reduce its debt mountain, Dubai's finance chief said this morning.Abdulrahman al-Saleh, Dubai's finance minister, to...
Disagreements about Finance in Copenhagen summit
Copenhagen, Denmark - As international delegates arrive at the United Nations climate summit today, developing-country negotiators are waiting for the industrialized world to clarify how much money will be on the table.European Union leaders stated i...
UK Minister to EU - Leave London alone!!!
Britain's Finance Minister on Wednesday warned the European Union's new French finance chief not to interfere with the City of London.Writing in the Times of London ahead of a meeting of EU finance ministers, Alistair Darling said it would be a "reci...

