Stories for May 21st 2010

Friday, May 21st 2010 - 06:15 UTC
Sarkozy and Merkel pledge to support the Euro and solve EU debt crisis

France and Germany pledged on Thursday to work together to solve a European debt crisis and support the Euro, patching up a public rift that had rattled markets around the world.
Friday, May 21st 2010 - 06:12 UTC
US Senate approves sweeping overhaul of financial regulations

The US Senate passed a bill Thursday providing the most sweeping overhaul of financial regulations since the 1930s. The Senate passed the bill by 59 votes to 39. It must still be merged with a version in the House.
Friday, May 21st 2010 - 06:10 UTC
Spanish cabinet approves draconian budget cuts; public sector protests

The Spanish government approved on Thursday approved a €15 billion (19 billion US dollars) austerity plan aimed at reducing the country's large fiscal deficit and easing concerns that Spain could follow Greece into a debt crisis.
Friday, May 21st 2010 - 03:40 UTC
Euro fiscal crisis and local inflation tarnish Brazilian glitter

Brazil's Bovespa stocks index and the Real lost ground for a sixth straight session Thursday as investors continued to sell local assets given the depressed global economic outlook following on fears about the Euro fiscal crisis and disappointing data on the health of the US economy.
Friday, May 21st 2010 - 02:48 UTC
Peru en route to become the world’s fifth gold producer

Peru’s Ministry of Energy and Mines (MEM) said this week that the country would rank among the world’s top 5 gold producers before 2015 thanks to the production potential and increased investment in the sector.
Friday, May 21st 2010 - 02:42 UTC
Japan extends culling of animals because of ‘explosive’ spread of FMD outbreak

The Japanese government has decided to put down all cows and pigs at livestock farms within 10 kilometres from the heart of the foot-and-mouth disease outbreak in Miyazaki Prefecture, according to official sources.
Friday, May 21st 2010 - 02:28 UTC
Growing concern in Uruguay with Brazilian delay in FMD vaccination timetable

Uruguay is concerned that in neighbouring Rio Grande do Sul, one of Brazil’s breadbaskets and famous for livestock breeding, the vaccination campaign against foot and mouth disease remains disturbingly delayed.
Friday, May 21st 2010 - 02:25 UTC
Spanish bank takes leading position in Uruguay’s private financial sector

One of Spain’s largest bank BBVA is waiting for the final approval from Uruguay’s central bank to disburse 100 million US dollars for the acquisition of France’s Credit (Agricole) Uruguay said Vicente Rodero BBVA director for Latinamerica.
Friday, May 21st 2010 - 02:15 UTC
South American bumper soy beans crop to push prices down

The specialized publication Oil World raised its forecast for the world 2009/2010 soy beans crop in 47.6 million tons compared to the previous season, totalling 258.9 million tons. The upward estimate is boosted by the South American crop which will be 37 million tons larger than the 134 million tons of the 2008/09 harvest.
Friday, May 21st 2010 - 02:09 UTC
Fourth oil company confirms Falklands’ exploratory drilling early 2011

British oil exploration company Borders & Southern Petroleum (BOR) announced Thursday the launching of its exploration campaign in Falkland Islands waters at the start of next year.
The decision was taken after the AIM listed company raised 184 million US dollars.