The US Treasury Department failed to effectively administer a program intended to help troubled homeowners and squandered a chance to redesign it so it would be more useful, a congressional watchdog panel said in a harshly critical report released on Tuesday.
The Export-Import Bank of China (China Eximbank) said Monday it would push for a more internationalized Renminbi over the next five years and enhance the role of the Chinese currency in cross-border trade settlement.
OPEC ministers announced Saturday to maintain its oil output at current level while Saudi Arabia voiced favor for a price between 70 to 80 dollars per barrel.
Business leaders in the United Kingdom have encouraged local firms to grab investment opportunities in China, despite the fact that the country is already one of the biggest investors from the European Union in the Asian economy.
US President Barack Obama on Thursday announced the administration had released a series of regulations and requests for comments as part of the implementation of the new US export control system and was seeking public comments, a move to further support US firms' export efforts.
Japan's tax commission will propose the introduction of an environment tax from October 2011 to help curb greenhouse gas emissions.
The European Union formally backed Russia's bid to join the World Trade Organisation on Tuesday, clearing the way for Moscow to join the body in 2011, after 17 years of trying.
Vehicle production in Brazil reached a record-high 3.35 million units in the first 11 months of 2010, up 14.6 percent from the same period last year, the National Automakers' Association (Anfavea) said Monday.
The European Union (EU) envisages launching a single Europe-wide phone number for EU businesses, the European Commission said on Monday.
A group of business leaders from renewable energy companies will visit the United States, on a fact-finding trip, in the first half of 2011, a US commerce official said on Monday.
The Federal Reserve could end up buying more than the $600 billion in US government bonds it has committed to purchase if the economy fails to respond or unemployment stays too high, Fed Chairman Ben Bernanke said.
A presidential commission trying to balance the US budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit.
Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
UN's top environmental honors go to three in China
German trains collide near Duesseldorf, several people injured
China beats Germany 7-4 in men's curling Olympic qualification
Bayern beat Paris Saint-Germain 3-1 in UEFA Champions League
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