French Prime Minister Francois Fillon said his country is likely to face new jolts from the Euro zone debt crisis amid rumors it could lose its triple-A credit rating.
Vice president Danilo Astori anticipated that in 2012 Uruguay will recover investment grade and said that including Uruguay in the OECD “grey list” was a “tremendous injustice” which did not take into account all the advances achieved in combating money laundering and narcotics trade.
The US military officially ended its war in Iraq, rolling up its flag at a low-key ceremony with Defence Secretary Leon Panetta nearly nine bloody years after the invasion that ousted Dictator Saddam Hussein.
China will impose punitive duties of up to 22% on large cars and SUVs exported from the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies.
Hong Kong became the world’s most developed financial market, overtaking the US and the UK for the first time, according to the Financial Development Report 2011 published by the World Economic Forum (WEF) on Wednesday.
China should be in no rush to allow Brazil’s new Valemax ships, the world's largest dry bulk carriers, into its ports, as they have not been thoroughly tested and any oil leak from one could be catastrophic, an influential Chinese industry group warned on Tuesday.
South Korea will try to reach an agreement with Japan and China to help reduce illegal fishing in its waters following the death of a South Korean Coast Guard this week during a fight with Chinese fishermen who were caught red-handed operating in the Yellow Sea.
From the Arab Spring to the Occupy Wall Street movement, “The Protester” was named Time magazine's 2011 Person of the Year. Time defines the Person of the Year as someone who, for better or for worse, influences the events of the year.
The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.
OPEC oil producers on Wednesday sealed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels firmly in Saudi Arabia's favour.