Stories for April 13th 2010

Tuesday, April 13th 2010 - 23:58 UTC
China will reform exchange rate regime at “its own time and needs”

Chinese President Hu Jintao has resisted pressure from US President Obama to raise the value of the Chinese Yuan. He told Mr Obama that it would “neither balance Sino-US trade nor solve the US unemployment problem”, Chinese official news agency Xinhua reported.
Tuesday, April 13th 2010 - 23:55 UTC
Chinese company buys further into Canada’s oil-sands

China Petroleum and Chemical Corp, Sinopec more than doubled China's presence in Canada’s oil-sands by paying 4.65 billion US dollars for US for ConocoPhillips' 9% stake in Syncrude Canada Ltd.
Tuesday, April 13th 2010 - 23:52 UTC
Rebound in exports helps to narrow UK trade deficit in February

A rebound in exports helped to narrow the UK trade deficit in February, official figures have shown. The trade deficit in goods and services shrank to £2.1bn, down from a £3.9bn deficit in January.
Tuesday, April 13th 2010 - 23:48 UTC
High liquidity and capital flows impact on non crisis countries admits IMF

The unprecedented liquidity created by countries to fight the economic crisis could create problems for policymakers in some advanced and emerging market economies with relatively strong growth prospects and higher interest rates, the International Monetary Fund said in a new report.
Tuesday, April 13th 2010 - 23:46 UTC
Argentine minister denies soybean oil exports to China “have been interrupted”

Argentine Agriculture Minister Julián Domínguez said Tuesday that soybean oil exports to China “have not been interrupted” and assured that supplying companies “have promised to readapt themselves to the Asian country's demands”.
Tuesday, April 13th 2010 - 22:33 UTC
Argentina opens squid season to the north given poor catches south of parallel 44

Argentina’s Federal Fisheries Council, CFP, advanced fifteen days to April 15 the opening of the Illex squid fishery to the north of parallel 44°. The measure was taken after considering petitions from the Argentine Fishing Industry Chamber (CAIPA) and the Council of Argentine Fisheries Firms (CEPA), given the poor catch volumes of squid to the south of parallel 44.
Tuesday, April 13th 2010 - 05:59 UTC
Argentine Congress paralyzed; senators summoned by the press

Argentine Vice-President and Senate head Julio Cobos published a paid ad in the Monday edition of a Buenos Aires newspaper, where he summons those senators who had been absent to last week's session as a way of exerting pressure for next Wednesday round of debate in the Upper House.
Tuesday, April 13th 2010 - 05:55 UTC
Mrs. Kirchner dream comes true: half an hour with President Obama

US President Barack Obama will meet Tuesday with President Cristina Fernández de Kirchner on the sidelines of the Nuclear Security Summit being held in Washington. According to the White House, Obama will gather for roughly a half hour with the Argentine Head of State at 4:00 pm local time.
Tuesday, April 13th 2010 - 05:40 UTC
Chilean quake almost aborts secret mission to ship enriched uranium to the US

Andrew Bieniawski, assistant deputy administrator of the United States National Nuclear Security Administration (NNSA) had one thing in mind while lying in his hotel bed in Chile during the Feb. 27 earthquake: a secret mission.
Tuesday, April 13th 2010 - 05:34 UTC
Peruvian Andes glacier breaks-off: preview of what is to come?

A huge glacier broke-off and plunged into a lake in Peru, causing a 23-metre tsunami wave that swept away at least three people and destroyed a water processing plant serving 60,000 local residents, government officials said Monday.