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Chinese banks can now set their own exchange rates between the yuan and the US dollar for some customers, the government said, in a small step towards liberalisation of the tightly controlled currency.

Tehran, YJC. As the oil price is going down in international markets, Saudi Arabia in a fresh coalition with the US has started selling oil to costumers for one dollar below the international average.

Every year, elementary school teachers spend hundreds of dollars out of their own pockets on much-needed school supplies.

As everyone knows California is facing a budget shortfall of $26.3 billion dollars, which Governor Arnold Schwarzenegger and the state legislature is trying to close by increasing taxes, borrowing thr

Tehran, YJC. OPEC leaders are trying to pose calm as the current production race indicates that it will take long for the market to see oil sold at $100.