Latest Financial News
Renewable energy set to surge: UN
OSLO - Renewable energies such as wind or solar power are set to surge by 2050 and expected advances in technology will bring significant cost cuts, a draft United Nations report showed on Wednesday.
The most comprehensive UN overview of the sector to date said renewables excluding bioenergy, which is mainly firewood burnt in developing nations, could expand by three to 20 times by mid-century.
Japan to boost Australian exports: experts
Australian farmers can expect a jump in both demand and the price of their produce following the earthquake and tsunami that struck Japan.
With the continuing nuclear scare as a result of the disasters, it is likely that Japan will increase its imports, the latest National Australia Bank (NAB) analysis says.
China should stop intervening in yuan: ex central bank adviser
BEIJING - China should stop intervening in the currency market by selling the yuan, Yu Yongding, a former academic adviser to China's central bank said on Friday.
Mr Yu said the costs faced by China right now if it were to stop intervening in the currency market would be less than the costs incurred if intervention were to continue.
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