Stories for May 10th 2012
China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.
Europe is at risk of a Japanese-style “Lost Decade” of low economic growth, weak consumer spending, poor company investment and tougher borrowing conditions, the Dutch central bank said on Thursday.
Bank of England policymakers on Thursday decided against pumping more cash into Britain's recession-hit economy, preferring to sit tight after a surprise spike in inflation.
Argentina’s Cristina Fernández spoke to French president- elect François Hollande and newly elected Russian president Vladimir Putin to congratulate them on their wins and agreed to meet them both in the next G20 meeting in Mexico.
Brazil's use of installed industrial capacity fell for a second consecutive month in March, despite a continued recovery of industrial sales during the period, Brazil's National Confederation of Industries, CNI, announced.
Investors pulled 1 billion dollars out of Brazil last week as Euro-zone debt fears continue to spook markets and the Brazilian government shows little sign of changing its hefty intervention policies.
Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay
The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labour market was deteriorating after April's weak employment growth.
The flame that will burn during the London Games was lit on Thursday at the birthplace of the ancient Olympics on Thursday, heralding the start of a torch relay that will culminate with the opening ceremony on July 27.
The Argentine government reactivated the National Committee of former Malvinas combatants which will support legal actions against crimes committed by Argentine officers during the 1982 conflict and demand DNA tests to identify the 123 remains buried in the Darwin cemetery in the Falklands.