Longstanding dream of dealing oil in Euro in place of dollar, of Hugo Chavez seems to be taking shape as Iran has announced to shift its foreign currency reserves from dollar to euro. Therefore, now euro will be used for all oil deals of Iran in...
Archive - December 2006
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The recently held U.S.-China strategic dialogue is now triggering fierce debate in both the countries. The U.S. Treasury Secretary Henry Paulson now seems to be heading towards a clash with the new Democratic-controlled Congress on China issue...
The U.S. produces around $35 billion worth of marijuana annually as the country's largest cash crop. The information was revealed in a study conducted by Jon Gettman, a public policy analyst, which has put the marijuana production bigger than...
The U.S. current account deficit surged ahead to a record $225.6 billion in the last quarter owing to widening trade gap and the U.S. paid more interest to overseas investors. In addition to it, soaring bills for America's oil imports in the third...
The recently held Strategic economic dialogue between the U.S. and China has failed to achieve any major breakthrough which was very much probable. However, the recently held dialogue has given a positive signal that China is now at least open for...
In a rare move, the U.S. has decided to lift duties on imports of two types of steel from 14 countries. The decision was taken after an independent U.S. panel ruled that that lifting duties will not harm American producers. With this move the U.S....
The U.S. might have taken a sigh of relief when China agreed to pursue currency flexibility and increased domestic consumption. However, this time around this is nothing but exuberance in air as China will not do it in haste at any cost. On the other...
China's vice premier, Wu Yi, has given a clear signal that the country is interested to go ahead with reform and opening up of the economy. She was speaking at the beginning session of the first U.S.-China strategic economic dialogue. According to...
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