WASHINGTON -THE US trade deficit narrowed for the first time in four months in August on higher exports driven by a weak dollar and lower imports amid lackluster domestic demand, the government said on Friday.
The goods and services trade gap fell 3.6 per cent to US$30.7 billion (S$42.8 billion) from a revised US$31.9 billion in July, the Commerce Department reported.
HONG KONG - CHINA's economic growth rate exceeded eight per cent by the end of September, the chairman of the country's banking regulatory commission was quoted as saying on Friday.
But Liu Mingkang said the global crisis 'isn't behind us yet' and it was too soon to start talking about an exit strategy from the government's massive stimulus measures, Dow Jones Newswires reported.
OSLO - US PRESIDENT Barack Obama won the Nobel Peace Prize on Friday for giving the world 'hope for a better future' and striving for nuclear disarmament, in a surprise award that drew criticism as well as praise.
The decision to bestow one of the world's top accolades on a president less than nine months into his first term, who has yet to score a major foreign policy success, provoked gasps of surprise from journalists at the announcement in Oslo.
OSLO - US PRESIDENT Barack Obama won the Nobel Peace Prize on Friday for giving the world 'hope for a better future' with his work for peace and calls to reduce the global stockpile of nuclear weapons.
The Norwegian Nobel Committee praised Mr Obama for 'his extraordinary efforts to strengthen international diplomacy and cooperation between peoples'.
