Brussels, 12/07/2007 (Agence Europe) - On Tuesday 12 July, the European Commission published its first report on work in 2006 on the convergence of International Financial Reporting Standards (IFRS) used in the EU and the rules applying in six countries outside the EU (Canada, China, the United states, India, Japan and Russia). In a press release, EU Internal Market Commissioner Charlie McCreevy explained: 'I draw encouragement from the progress made in these important partner countries. It...