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Last updated: 18:38:53 Sunday Jan 24, 2010


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  • Chavez to use virtual currency for some trade
    CARACAS, Venezuela - Venezuela plans to start using a new virtual currency this week to facilitate trade with a bloc of allies in Latin America and the Caribbean that President Hugo Chavez has assembled to counter U.S. influence in the region.   Nations:Bolivia Ecuador Nicaragua Venezuela   People:Hugo Chavez   Source:(AP)   2010-01-13

    IMF welcomes China's progress on currency
    WASHINGTON (AFP) - The International Monetary Fund Wednesday welcomed China's progress on liberalizing its currency, but said some countries still view the yuan or renminbi as "substantially undervalued."   Nations:China Saudi Arabia Russia   People:Barack Obama George W. Bush   Activities:Chinese Currency Dispute   2009-07-22

    Russia, China, others urge diverse monetary system
    YEKATERINBURG, Russia - Brazil, Russia, India and China say the world needs a more diversified international monetary system.   Nations:Russia India Brazil U.S. China   Source:(AP)   2009-06-16

    G7 finance ministers reject protectionist measures
    ROME - Rejecting protectionism, the Group of Seven finance ministers pledged Saturday to work together to support growth and employment and to strengthen the banking system so the world can overcome its worst financial crisis in 50 years.   Nations:Italy China India Canada   People:Timothy Geithner Robert Zoellick Ben Bernanke Barack Obama   Activities:Global Financial Crisis Group of Eight Chinese Currency Dispute   2009-02-14

    Russia's ruble drops to 3-year low against dollar
    MOSCOW - Russia's ruble fell to a three-year low against the dollar Friday after the Central Bank allowed a third sharp drop in the currency in five days as the government continues to feel the heat of the global meltdown.   Nations:Russia   People:Dmitry Medvedev   Activities:Russia Medvedev Admin.   Source:(AP)   2008-12-26

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