Sebastian Tong
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/ 3 May 2008

ADB demands action on food inflation

The Asian Development Bank called on Saturday for immediate action from global governments to combat soaring food prices and pledged fresh financial aid to help feed the Asia Pacific region’s poorest nations. ADB president Haruhiko Kuroda told a news conference in Madrid, where the bank is holding its four-day annual meeting, that total lending ”could be sizeable, but not enormous”.

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/ 4 March 2008

S&P says SA outlook marginally worse

Political and economic risks in South Africa are rising, Standard & Poor’s said but added that the country’s BBB+ sovereign credit rating remains safe for now. The ratings agency said divisions within the African National Congress (ANC) as well as its slowing economy were sources of concern, although the country was making progress in addressing its energy crisis.