Thursday, June 24th 2010 - 06:02 UTC

US Central bank anticipates low rates for an “extended period”

Thomas M. Hoeing, the only dissenting voice

Two days ahead of the Toronto G-20 summit the US Federal Reserve anticipates it will keep its main interest rate at a near zero level, for an “extended period”. The Federal Open Market Committee said on Wednesday that “subdued inflation” and other factors “are likely to warrant” keeping rates at their historic lows.

Thursday, June 24th 2010 - 05:56 UTC

Uruguay concerned with Argentina’s construction of atomic power plant

Atucha I, Argentina’s first nuclear plant opened in 1974

Uruguay is considering an alleged Argentine violation of the UN Nuclear Security Convention since it was never notified of the construction of the Atucha II atomic power plant, 100 kilometres to the north of the capital Buenos Aires and which is one of the country’s main public works.

Thursday, June 24th 2010 - 05:53 UTC

Timerman will categorically reject oil exploration activities in the Falklands

The messenger of the President’s with to recover the Malvinas

Newly appointed Argentine Foreign Affairs Minister Héctor Timerman said on arrival in New York that on Thursday he will strongly argue in support of ‘Argentine sovereignty rights over the Falklands/Malvinas Islands’ before the United Nations Decolonization Committee or C24.

Thursday, June 24th 2010 - 05:48 UTC

Brazil forecasts a drop in direct foreign investment because of European crisis

Altamir Lopes head of the Central Bank Economic Department

While the Brazilian economy is moving ahead at “Chinese rates” the Central Bank reduced its estimate of direct foreign investment this year from 45 to 38 billion US dollars because of the European crisis.

Thursday, June 24th 2010 - 05:45 UTC

UN reports advances in cutting extreme poverty

UN Secretary General Ban Ki-moon gives the annual MDG track report

The United Nations Secretary-General said Wednesday that despite the international food, fuel and financial crises, there has been progress toward meeting the Millennium Development Goals, or MDGs, of cutting extreme poverty in half by 2015.

Thursday, June 24th 2010 - 05:35 UTC

China’s constructive role in global economic and financial affairs

By Dr. Ye Yu, Assistant Director of the Institute for Comparative Studies affiliated to the Shanghai Institute for International Studies (Special for People's Daily Online).The Group of Twenty (G-20) Summit (*) has opened a new page in the management of global economy and financial system, and China has played an important positive and constructive role since the First G20 Summit was held in Washington D.C. in November 2008.

Thursday, June 24th 2010 - 05:30 UTC

Argentine Lower House votes to sanction companies operating in Falklands

The oil exploration round in the Falklands is currently drilling its third well

Argentina’s Lower House gave unanimous preliminary approval to a bill that seeks to impose sanctions on corporations operating in Argentina that may be looking to work in the Falkland/Malvinas Islands with out the approval of Argentine authorities. The bill must now be ratified by the Senate.

Thursday, June 24th 2010 - 04:32 UTC

A majority of Latinamerican children (63%) live in poverty conditions, claims UN

Street vendors, begging or homeless is the condition of many children in Latinamerica

Almost 63% of Latinamerican and Caribbean children and adolescents suffer some kind of poverty determined by the impairments which affect the full exercise of their rights and the income level of their families, according to a joint report from the United Nations Economic Commission for Latinamerica and Caribbean and the UN Children’s Fund, Cepal and Unicef.

Thursday, June 24th 2010 - 04:24 UTC

Spanish Parliament supports Gibraltar’s bunkering operations

Refuelling ships is the main area of activity at Gibraltar port

The Spanish Parliament voted Tuesday against a proposal urging a ban on the use of floating storage tankers in Gibraltar. The Popular Party motion before the Parliament’s Foreign Affairs Commission called on Madrid to ask the British Government to force Gibraltar to store all bunkering fuel on land.

Thursday, June 24th 2010 - 04:02 UTC

Venezuela’s top ministers step down to run in September congressional election

Faced with growing difficulties in the economy, inflation, scarcity of food staples, several months long power shortage with recurrent blackouts plus the usual social unrest and lack of security have

President Hugo Chavez overhauled his cabinet replacing seven ministers so they can seek legislative seats in Venezuela’s September congressional elections, the government announced Wednesday.


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