Asean to ink charter on free trade

Southeast Asian nations plan to sign a charter in Singapore next week aiming for lofty goals in areas such as free trade and human rights even as the 40-year-old group wrestles with how to handle the divisive issue of Myanmar.

Asia to be hit by US recession: Roach

Asia would be hit by a recession in the United States because it heavily depends on the world’s top economy, Morgan Stanley’s Stephen Roach told Reuters, rejecting a view Asia has “decoupled” from the rest of the world.

Richest nations want norms for bioenergy biz

The world’s richest nations need to devise standards for growing bioenergy crops and trading biofuels as soaring costs for oil and coal spur alternative energies, the Group of Eight countries said.

European growth to slow next yr on credit crunch, says IMF

Economic growth will probably slow across Europe next year because of the fallout from the slump in the US subprime mortgage market, the International Monetary Fund said.

Rich must bear climate change costs: report

Christian Aid, an agency of British and Irish churches, said industrialised nations were historically responsible and therefore morally liable to foot the multi-billion dollar cost of tackling the problem of man-made emissions of carbon gases.

Southeast Asia bloc shrugs off US recession fears

Southeast Asian trade ministers shrugged off fears of a US recession and said the region's deepening ties with other economies would soften the blow from a possible downturn in the world's biggest economy.

China accuses US of breaking WTO rules

China said an increasingly protectionist United States was breaking World Trade Organisation rules as part of ongoing commercial disputes. The violation of WTO regulations has come about in the process of anti-dumping and anti-subsidy investigations launched by the United States against five product categories, vice commerce minister Gao Hucheng said.

China, Russia, Central Asian countries plan energy forum

China and Russia are leading a Central Asian initiative to set up a forum that will aim to ensure stable supplies of oil gas, said an official from a six- nation regional group.

Putin pledges revival of aerospace might

President Vladimir Putin said Russia will challenge Europe and the US in aerospace as the country rebuilds an industry that once rolled out a quarter of the world's commercial aircraft fleet.

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