Japan needs friends who are rich in natural resources, and Prime Minister Junichiro Koizumi made no bones about what he wanted from Uzbekistan and Kazakhstan when he became the first Japanese premier to visit the two countries last month.
A slowing US housing market and the possibility of a major oil supply disruption were two of the biggest risks to the world economy, International Monetary Fund (IMF) head Rodrigo de Rato said yesterday.
SUB-Saharan Africa’s economy would probably expand 6,3% next year, the fastest pace in more than three decades, boosted by higher output from oil-exporting countries such as Angola, the International Monetary Fund (IMF) says in its World Economic Outloo
The world should get used to oil prices above $US60 a barrel for at least the next two years due to capacity shortages, said Claude Mandil, the executive director of the International Energy Agency.
Global economic growth is at risk of peaking because of high oil prices and rising protectionist sentiment, warned Rodrigo de Rato, the International Monetary Fund’s managing director, on Tuesday.
