Saturday, April 14, 2007

G7 mulls better use of oil money, China reserves

(Reuters) - Saudi Arabia, United Arab Emirates, China, and Russia discussed with G7 nations how surpluses derived from oil sales should be invested and Beijing's plans to more actively manage its foreign reserves, a senior Japanese finance ministry official said late on Friday.

After the official meeting, the G7 -- Britain, Canada, France, Germany, Italy and Japan and the United States -- held a dinner session with some non-G7 nations, often dubbed as a G7 "outreach" meeting.


Read more at Reuters Africa

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