China should let its currency rise to cool inflation and help ease economic distortions as it emerges from the global crisis, the Organization for Economic Cooperation and Development said Tuesday. The recommendation comes amid pressure from Washington and other trading partners for Beijing to ease controls that they say keep its yuan undervalued and give its exporters an unfair price ...

President Barack Obama's plan to limit banks' size and risky trading habits could help to avoid a new financial crisis, the head of the Organization for Economic Cooperation and Development said Tuesday. Obama's plan, outlined last week, would bar the biggest banks from proprietary ...

Israel has withstood the global downturn but must curb social inequalities that mainly affect Arabs and ultra-Orthodox Jews, the OECD said Wednesday, as the Jewish state readies to join the organisation. Gross domestic product grew by an estimated 0.5 percent in 2009, more than previously expected, the Organisation for Economic Cooperation and Development said in reports released in Jerusalem ...

Israel is on track to join the Organisation for Economic Cooperation and Development this year, the group's secretary general said Tuesday after signing a key agreement to push the process forward. "We are probably going to complete (the membership process) in 2010, that's when it was scheduled for," OECD secretary general Angel Gurria told reporters at the Israeli ...