Stories for November 17th 2010

Wednesday, November 17th 2010 - 06:50 UTC

Warnings about impact of social security cuts to reduce public spending

Assane Diop, ILO executive director of social protection: risks of political unrest

International Labor Organization (ILO) is warning countries against social security cuts to reduce public spending which could slow down or delay recovery. The ILO says social security encourages stability, but only about a fifth of the world has access.

Wednesday, November 17th 2010 - 06:48 UTC

China imposes restrictions to foreigners in the real estate market

One flat is enough if you have worked in China the previous 12 months

China's Ministry of Housing and Urban Rural Development announced this week that purchases of housing by overseas organizations and individuals in the country would be capped or restricted, a move widely seen as combating speculative money from overseas that might flow into the property market.

Wednesday, November 17th 2010 - 06:42 UTC

Mercosur/EU ready market access proposals for next round of trade talks

EU Trade Commissionaire Karel De Gutch

Mercosur and European Union delegates are scheduled to meet at the end of the month or early December in Brasilia for a new round of talks leading to a wide ranging trade agreement which both sides have agreed should be ready to conclude negotiations in the first half of 2011.

Wednesday, November 17th 2010 - 02:02 UTC

Latinamerica/Europe forum on business promotion in the region

Antoino Zoido, president of Madrid’s stock market

Leading Latinamerican corporations and European investors will be participating in Madrid at the XII Latibex three-day forum organized by Spain’s securities markets.

Wednesday, November 17th 2010 - 00:53 UTC

Geopark drills and tests new oil well in Chile’s Magallanes region

CEO James F. Park most pleased with the Guanaco oil field

Oil and gas explorer Geopark Holdings Ltd (GPK.L) announced on Tuesday it successfully drilled and tested a new well in the Magallanes Region, extreme south of Chile where it has been operating for several years.

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