Sinopec, China's largest oil refiner, suspends diesel exports
Special Correspondent
Nov. 21, 2010

he shortages are blamed on a government conservation campaign and hoarding by state oil companies.

Sinopec and PetroChina will import diesel to help meet demand. China announced additional actions to stabilize consumer goods prices and cut rising food costs that drive the inflation surge.

Sinopec, China's largest oil refiner, suspends diesel exports
Special Correspondent
he shortages are blamed on a government conservation campaign and hoarding by state oil companies.
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China refuses to commit to buying Portuguese debt
SPecial Correspondent
Chinese President Hu Jintao on a visit to Portugal promised to support the country's economy but did not commit to buying Portuguese debt.
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Germany plans to hold bondholders to share the cost of state bailouts
Special Correspondent
The rules, which would seek to help over-indebted EU members reschedule debts without declaring default, would be part of technical amendments to the EU treaty admitting Croatia into the bloc, Meister said.
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Germany criticizes America and France on lax finances and currency manipulation
Special Correspondent
Germany is proud of fiscal health, a strong recovery and solid strength of Euro.
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France face gasoline and electricity shortage due to strikes
Special Corresponent
France imported electricity Oct. 18 and 19 because of reduced output caused by striking Electricite de France workers, the Electricity Transport Network said.
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Finance ministers from all 27 EU member states agreed upon a new set of rules regulating hedge funds and private equity firms
Special Correspondent
Belgian Finance Minister Didier Reynders said the agreement was firm and unanimous, needing only approval from the European Parliament.
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South African public sector unions have accepted a government wage hike offer, bringing an end to the strike of about 1.3 million workers
Special Correspondent
The government offered the workers a raise of 7.5 percent and 800 rand (about $115) a month for housing, below what the unions asked for at an 8 percent raise and 1,000 rand for housing.
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More than 40 states plan to start investigation into banks' use of flawed foreclosure paperwork
Special Correspondent
Wells Fargo, Bank of America and other banks used flawed procedures and paperwork to foreclose homeowners and put American families in the street.
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In America 95,000 more jobs were lost in September and the unemployment rate held at 9.6 percent
Anil Rane
Bush failed. Obama did nothing but to follow Bush tails and fail more. It is time for a real change in America. Politicians are the most hated commodities in U.S.
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