ITS ODD TO ME THAT THE G20 MEETINGS IN MOSCOW ARE TO TONE DOWN THE BIG CURRENCY POWER HOUSE.. MAYBE THAT WAS A WARNING
Finance Minister Jim Flaherty says leaders of the advanced economies should tone down their words when it comes to competitive currency devaluation.
“I am concerned with the escalation of ‘currency war’ rhetoric,” Flaherty told G20 finance ministers meeting in Moscow Friday, saying it added to the “uncertainty that [...]
January 25, 2012
UK Defense Secretary Philip Hammond says Britain could send military reinforcements to the Persian Gulf in the wake of a military confrontation with Iran.
Speaking at a press conference in London on Tuesday, he said two British and French warships and the American aircraft carrier USS Abraham Lincoln had entered the Persian Gulf on Sunday.
Hammond added that the decision to send British HMS Argyll sent a “clear signal” [...]
SEOULâ€”North Korea threatened Sunday to attack South Korea and the United States, as the allies prepared to start annual joint military drillsâ€”maneuvers Pyongyang says are a rehearsal for an invasion.
The North has routinely issued such war rhetoric against South Korea and the U.S. The latest warning, however, came nearly three weeks after the rival Koreas failed to reach a breakthrough in their first dialogue in months.
Tensions on the Korean peninsula [...]