Stories for September 2009

Wednesday, September 23rd 2009 - 12:24 UTC
Long lasting consequences of the global financial crisis, according to IMF

The global financial crisis is likely to leave long-lasting scars on the world economy, but governments can act to stimulate a quicker revival and counter output losses, according to a new IMF study.
Wednesday, September 23rd 2009 - 12:19 UTC
US and China pledge to act on global warming at UN climate summit

US president Barack Obama has led the way as world leaders and industry chiefs seek to build momentum for a new international deal on climate change. Mr Obama told a United Nations summit on greenhouse gas emissions that the US was “determined to act” on global warming.
Wednesday, September 23rd 2009 - 12:13 UTC
Big drop in heart attacks after smoking bans, according to several studies

The ban on smoking in public places, such as bars and restaurants, has been one of the greatest public health debates of the early 21st century. Now, two large studies suggest that communities that pass laws to curb secondhand smoke get a big payoff -- a drop in heart attacks.
Wednesday, September 23rd 2009 - 12:07 UTC
“Europeans to loose clout to China” in IMF restructuring, says Strauss-Kahn

China will get the biggest increase in voting power at the IMF (*) when the global lender completes a long-awaited restructuring in 2011, the head of the IMF said Tuesday. In an interview with Reuters, IMF Managing Director Dominique Strauss-Kahn said European nations, which have resisted a dilution of their global economic clout in the IMF, increasingly recognized it was time for change.
Wednesday, September 23rd 2009 - 12:04 UTC
Lamy remains cautious about Doha Round outlook

World Trade Organization (WTO) chief Pascal Lamy said Tuesday that he was still cautious about the outlook of the Doha Round of global trade negotiations despite a detailed work program drawn up by senior officials last week. He also called for leadership and responsibility from G-20 leaders meeting this week in Pittsburgh.
Wednesday, September 23rd 2009 - 11:52 UTC
Moody’s confirms Brazil’s investment grade Baa3

Moody's Investors Service raised Brazil's sovereign debt ratings to investment grade on Tuesday and underlined the resilience of Latinamerica's largest economy to the global financial crisis.
Wednesday, September 23rd 2009 - 11:45 UTC
China appeals WTO decision on imports of US DVDs and other media products

China has appealed a World Trade Organisation (WTO) decision against its restrictions on the import of US DVDs and other media products. The WTO settlement had said China was breaching international trade rules by blocking foreign-owned firms from being importers and wholesalers.
Wednesday, September 23rd 2009 - 11:27 UTC
UN says companies must compensate indigenous peoples

A United Nations report released last week said that industrial and energy projects set in motion before the official adoption of Chile’s “Convention 169” in September should still compensate indigenous communities for current and future effects caused by their projects.
Wednesday, September 23rd 2009 - 11:24 UTC
Brazilian incumbent presidential hopeful drops to third place

Brazilian Cabinet Chief Dilma Rousseff, President Lula da Silva’s likely choice to replace him, fell to third place in a survey of voter preferences ahead of 2010 presidential elections.
Wednesday, September 23rd 2009 - 11:20 UTC
World’s biggest iron ore producer under pressure to invest in steel industry

Brazilian billionaire Eike Batista said he may be interested in acquiring a stake in the world’s biggest iron-ore producer Vale do Rio Doce, after one of the company’s shareholders said he showed “interest” in buying its stock.