APEC
pushes for resuming trade talks and fiscal reform
Hanoi: The meeting of finance ministers of the United
States, China and other Pacific Rim economies in held
Vietnam focussed on saving world trade talks and bolstering
global financial systems against fiscal crises.
Ministers
of the 21-member Asia-Pacific Economic Cooperation (APEC)
forum are working on a statement to be issued at the end
of the two-day conference on Friday that would push to
revive World Trade Organization talks that got stalled
in July in Doha after five years of stop-start negotiations.
APEC,
which says it accounts for 47 percent of world trade and
includes 2.6 billion people, believes it can influence
the Doha round aimed at reducing trade barriers.
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Oil
steadies, touches five month low
London: Oil remained steady after hitting a five-month
low of less than $67 a barrel after U.S. fuel supplies
rose and BP said it would restore supplies from the largest
U.S. oilfield sooner than expected and may return to full
capacity by end-October this year.
With
U.S. fuel inventories rising OPEC, which meets on Monday,
is also expected to keep up gas supplies leading to tensions
easing over gas prices.
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