Stories for April 2010

Thursday, April 29th 2010 - 06:50 UTC
Argentina Opens Defaulted Sovereign Bonds’ Swap Next Monday

Argentina filed with United States regulators the terms of its offer to swap up to 20 billion US dollars in defaulted debt, bringing the exchange a step closer to launching.
Thursday, April 29th 2010 - 06:41 UTC
Sugar Prices Fall on Prospects of Abundant Crops in Brazil and India

Sugar fell in New York and London, reversing earlier advances, as an improved outlook for production in Brazil and normal rainfall in India outweighed concern that supplies will fall short.
Thursday, April 29th 2010 - 06:34 UTC
Europe’s Financial Seism Reaches Spain: S&P Downgrades Credit Rating

International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.
Thursday, April 29th 2010 - 06:08 UTC
More Sex to Combat High-Blood Pressure Recommends Brazilian Minister

Brazil’s health minister has an interesting solution for the nation’s high blood pressure problem: more sex.
Thursday, April 29th 2010 - 06:00 UTC
Unemployment in Santiago de Chile “Has Eased” but Stands at 10.8%

The University of Chile reported Monday a Santiago unemployment rate of 10.8%. While this is higher than what it was before the international recession (when it stood at around 8%), it is two percentage points less than what it was in March of 2009.
Thursday, April 29th 2010 - 05:45 UTC
Viagra Patent Expires June 20, Rules Brazilian High Court

Brazil's High Court of Justice ruled Wednesday that the Brazilian patent for the drug Viagra is due to expire June 20.
Thursday, April 29th 2010 - 05:41 UTC
Cristina Kirchner and Mujica Agree to Re-Channel Bilateral Relations

Argentine President Cristina Fernández de Kirchner and her Uruguayan counterpart José “Pepe” Mujica said on Wednesday they will be working to “re-channel” bilateral relations and will strictly abide the ruling of the Botnia paper mill case.
Thursday, April 29th 2010 - 03:12 UTC
Federal Reserve Anticipates Exceptionally Low Level Rates for an Extended Period

The US Federal Reserve decided on Wednesday to leave interest rates unchanged saying the current recovery will not result in rampant inflation and anticipated exceptionally low level rates for an extended period.
Wednesday, April 28th 2010 - 21:05 UTC
US Tests Farming Shovelnose Sturgeon for Caviar on a Soy-Based Diet

Ongoing effort to find new uses for soy-based products has kicked off at Southern Illinois University in Carbondale (US) for shovelnose sturgeon caviar production.
Wednesday, April 28th 2010 - 18:18 UTC
IMF Warns of Greek Crisis Contagion; Germany Reluctant to Support Aid

The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe. Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact “far away”.