HK Slashs Its Base Rate to 0.5%

The Hong Kong Monetary Authority (HKMA) announced Wednesday the adjustment downwards of the Base Rate to 0.5 percent with immediate effect following the U.S. Federal Reserve's surprising rate cut. Since the U.S. federal funds target rate is reduced to the range of zero to...

Obama Appoints 'Green' Team

US President-elect Barack Obama has his green team. And for environmentalists, it is a dream team. Obama has selected Nobel-prize winning physicist Steven Chu as energy secretary and Lisa Jackson, the former head...

US Satellite Confirms Effect of Beijing Pollution Controls

New satellite data revealed that air pollution controls during the Beijing Olympic Games did have a positive impact, leading to sharp decline in certain pollutants, US. scientists said Tuesday.During the two...

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