Stories for February 2011

Friday, February 4th 2011 - 21:53 UTC
Argentina still haunted by the holdouts from the 2001 default

Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.
Friday, February 4th 2011 - 21:21 UTC
Rousseff and Obama to discuss ways to counteract China’s undervalued Yuan

Brazilian President Dilma Rousseff will discuss with her U.S. counterpart Barack Obama ways to counteract the threat posed by an undervalued Yuan and cheap imports from China, a Brazilian official said.
Friday, February 4th 2011 - 21:17 UTC
US recovery still needs help for stronger job creation, says Bernanke

The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.
Friday, February 4th 2011 - 21:11 UTC
Massive blackout in Brazil exposes vulnerability of energy infrastructure

A widespread blackout hit at eight states in Brazil's northeast Friday exposing energy infrastructure vulnerabilities of the nation that will host an Olympics and a World Cup.
Friday, February 4th 2011 - 21:07 UTC
France and FAO call for greater regulation to curb commodities speculation

France and the U.N. food agency FAO warned on Friday about the risk of a new global food crisis and ensuing riots, calling for greater regulation to curb speculation on commodities markets.
Friday, February 4th 2011 - 21:02 UTC
EU top official visits Uruguay/Paraguay to advance trade talks with Mercosur

The European Union Trade Commissioner Karel De Gucht will travel next week to Paraguay and Uruguay to reinforce bilateral relations and to advance on the ongoing EU/Mercosur negotiations to reach an overall trade and cooperation agreement.
Friday, February 4th 2011 - 05:18 UTC
US and Egyptian officials discussing transition plan without Mubarak

United States and Egyptian officials are discussing a plan that would see embattled Egyptian President Hosni Mubarak step down immediately, according to a published report.
Friday, February 4th 2011 - 05:04 UTC
Army poised for endgame in Egypt

By 3pm last Friday afternoon, the protesters in central Cairo were chanting: “Where is the army? Come and see what the police are doing to us. We want the army.” And that is the main question, really. Where is the Egyptian army in all this?
Thursday, February 3rd 2011 - 23:39 UTC
World leading plywood company to double exports from Uruguay’s mill

Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.
Thursday, February 3rd 2011 - 23:15 UTC
India mounting a third research station in Antarctica

Work on India’s third research station in Antarctica for undertaking studies on various subjects, including climate change, is on track and will be completed in two years, a top scientist said Wednesday.