New York City's top health official shot back at critics who have blasted the city's plan to limit the sale of oversized sugary drinks such as soda, calling beverage industry opposition ridiculous.
Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances.
The Bank of England has resisted injecting further emergency liquidity to the UK economy as optimism over finding a solution to the Euro zone debt crisis grew.
China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%.
The Argentine Government warned that it has no plans to change the farming sector's agenda, therefore will not meet with members of the Liaison Board amid a national strike that began on Wednesday to protest against the property tax hikes in the Buenos Aires province.
The leading countries of Latin America’s Pacific Rim with the exception of Ecuador and a few Central American countries, agreed to conform the Alliance of the Pacific an ambitious integration project which has good relations with Washington and is targeted to accompany the growing influence of the Asia-Pacific basin.
China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.
Uruguay’s long standing dream of building a deep-water port in the east of the country could become a reality in coming days when China’s Prime Minister Wen Jiabao visits the country, according to the government financed newspaper La Republica.
Economic growth in the United States picked up over the last two months and hiring showed signs of a “modest increase,” the Federal Reserve said in a report that ran counter to a growing sense of economic gloom.
Chile, Peru, Colombia and Mexico signed an accord Wednesday creating the Pacific Alliance to more deeply integrate their economies, and develop new trade links with the Asia-Pacific region.