Monday, July 30, 2007

Asia-Pacific Ministers May Say Their Economies Can Weather Market Turmoil

(Bloomberg) -- Asia-Pacific finance ministers, meeting
in Australia this week, may say the world economy is strong enough
to weather recent financial-market turmoil that drove the cost of
borrowing higher for companies.

Japan's Koji Omi, China's Jin Renqing and South Korea's Kwon
Okyu are among ministers of the 21-member Asia Pacific Economic
Cooperation group who will meet in Coolum, Australia, on Aug. 2 and
3. U.S. Treasury Secretary Henry Paulson will be represented by
Deputy Secretary Robert Kimmitt.


Read more at Bloomberg Emerging Markets News

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