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SHANGHAI: China expects foreign investment to remain at about US$60 billion (euro50 billion) in 2006 and has no plans to restrain such flows from overseas, a state media report said Monday.
SINGAPORE: Oil prices rose toward US$60 on Thursday after Iran's oil minister said OPEC should consider cutting production next month.
Japan's Cabinet on Saturday approved a nearly 80 trillion yen (US$687.9 billion; euro579.9 billion) draft budget for fiscal 2006 that would slash spending across the board to reflect government efforts at fiscal reform.
Britain must raise its retirement age as high as 69 by 2050 and increase the minimum state pension to meet the demands of a population that is living longer, a government-commissioned report found Wednesday.
TEHRAN, Iran: Parliament handed a major embarassment to Iran's hard-line President Mahmoud Ahmadinejad on Wednesday, rejecting his third straight nominee for the vital post of oil minister and highlighting splits among the country's conservatives.
Capital Talk: A comment by Tan Teng Boo, CEO, Capital Dynamics Sdn Bhd. He writes: BEN Bernanke, the incoming chairman of the US Federal Reserve, has openly said he favours inflation targeting. The outgoing chairman is opposed to conducting monetary policy in this manner.