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The European Central Bank will consider a proposed emergency fund for eurozone economies in distress (© AFP/DDP/File - Thomas Lohnes)

ECB to examine European IMF plan: Trichet

FRANKFURT (AFP) - The European Central Bank will consider a proposed emergency fund for eurozone economies in distress, ECB chief Jean-Claude Trichet said on Wednesday.

Published 17 minutes ago

Workers from a factory of automaker Opel of the town Figueruelas demonstrate in 2009 (© AFP/File - Javier Belver)

Spain's GM plant, unions fail to reach restructuring deal

MADRID (AFP) - Unions at General Motors' Opel plant in Spain said negotiations with management on a restructuring plan for the factory collapsed late on Wednesday.

Published 1 hour, 8 minutes ago

A Haitian boy demonstrates against hunger (© AFP - Thony Belizaire)

Private firms line up as Haiti opens for business

MIAMI (AFP) - Haiti's road to recovery took a new twist Wednesday as a trade group representing private security contractors wrapped up a conference on reconstruction in the earthquake-battered nation.

Published 1 hour, 45 minutes ago

The February budget shortfall was 220.909 billion dollars, a 14 percent rise from a year ago (© AFP/File - Karen Bleier)

US budget deficit hits record high in February

WASHINGTON (AFP) - The US government registered a record budget deficit in February, the 17th consecutive month of running in the red, the Treasury said Wednesday.

Published 3 hours, 22 minutes ago

An employee closes a hatch on a tanker after refueling a Shell gas station (© AFP/File - Tengku Bahar)

Shell says no longer selling petrol to Iran

LONDON (AFP) - British oil giant Shell said Wednesday it had stopped selling petrol to Iran, becoming the latest major oil company to stop trading with the Islamic Republic.

Published 3 hours, 34 minutes ago

Cars line up to refill at a Sinopec's gas station in Beijing (© AFP/File - Liu Jin)

China to lead oil demand growth as OECD area struggles

HOUSTON, Texas (AFP) - China's hunger for oil is set to drive global demand in the coming years as consumption in the industrialized countries may not regain pre-economic crisis levels, experts say.

Published 3 hours, 49 minutes ago

WTO chief Pascal Lamy met with US Treasury Secretary Timothy Geithner (© AFP/File - Georges Gobet)

WTO chief holds talks with US officials, lawmakers

WASHINGTON (AFP) - WTO chief Pascal Lamy was in Washington Wednesday for talks with US officials and lawmakers amid an uphill effort to wrap up the long-running Doha Round of global trade talks by this year.

Published 3 hours, 58 minutes ago

Brazil's President Luiz Inacio Lula da Silva (© AFP/File - Jose Cabezas)

Lula calls on Obama to resolve trade dispute

BRASILIA (AFP) - Brazil's President Luiz Inacio Lula da Silva called Wednesday on President Barack Obama to put his weight behind a quick resolution to a US-Brazilian trade dispute.

Published 4 hours, 10 minutes ago

A farmer stands by coton bolls, in 2007 in Pama, central Burkina Faso (© AFP/File - Issouf Sanogo)

African cotton production in "crisis," association says

YAOUNDE (AFP) - A sharp drop in world prices has almost halved cotton production in Africa over five years, the African Cotton Association announced Wednesday, saying the sector faced an "acute crisis."

Published 4 hours, 16 minutes ago

Dutch financial markets watchdog AFM said it had fined insurance group Fortis Holding 576,000 euros (780,000 dollars) (© AFP/File - Jean-Christophe Verhaegen)

Dutch regulator fines Fortis Holding for market manipulation

THE HAGUE (AFP) - Dutch financial markets watchdog AFM said Wednesday it had fined insurance group Fortis Holding 576,000 euros (780,000 dollars) for market manipulation and withholding share price sensitive information.

Published 4 hours, 18 minutes ago

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