Stories for May 2010

Wednesday, May 12th 2010 - 07:16 UTC
China April Inflation Accelerates and Property Prices Jump 12.8%

April inflation in China has accelerated as bank lending exceeded estimates and property prices jumped by a record, increasing pressure on the government to raise interest rates and let the currency appreciate.
Wednesday, May 12th 2010 - 07:09 UTC
World Markets Lower After Taking a Second Look at Euro Rescue Plan

United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.
Wednesday, May 12th 2010 - 07:07 UTC
Uruguayan Government Raises 2010 Economic Growth Forecast to 5.1%

Uruguay’s government raised its 2010 economic growth forecast and said it will focus on health programs, security and infrastructure to maintain expansion of at least 4% annually, Economy Minister Fernando Lorenzo said.
Wednesday, May 12th 2010 - 07:03 UTC
Paraguay Forecasts Record Exports of Meat in 2010

Paraguayan meat sales increased 47% in value during the first four months of 2010 compared to the same period a year ago, totalling 295 million US dollars (USD), according to the country’s Food Quality and Animal Health Service, Senacasa.
Wednesday, May 12th 2010 - 07:01 UTC
Argentina Confident Bondholders Will Join Debt-Swap: Wednesday D Day

Argentine Economy Minister Amado Boudou held a meeting Tuesday with 40 international investors at the New York Palace Hotel, within the framework of his United States road show to encourage bondholders to join the Government's debt-swap.
Wednesday, May 12th 2010 - 03:56 UTC
Falkland Islands Represented at London Festival of Stamps

The Falkland Islands is attending the 2010 International Stamp Exhibition, one of the highlights of the London Festival of Stamps—a year long celebration of stamps, stamp design and postal heritage which also marks the centenary of the accession of George V, the philatelist king.
Wednesday, May 12th 2010 - 03:54 UTC
IMF: Euro Countries Must Focus on Cutting Deficits; Denies “Blanket Commitment”

European countries saddled with debt should focus on cutting deficits in the wake of policy makers' unprecedented efforts to contain the region's sovereign-debt crisis, said John Lipsky from the International Monetary Fund.
Wednesday, May 12th 2010 - 01:20 UTC
Bank of England “No-Change” Policy; Leaves Assets-Purchase Program at £ 200bn

The Bank of England held interest rates at record lows as policy-makers weighed up the impact of a Eurozone bailout and a hung parliament. The Bank's Monetary Policy Committee voted to hold rates at 0.5% and left its £200 billion program to boost the money supply unchanged.
Wednesday, May 12th 2010 - 00:06 UTC
Chile Gained 1.2 Square Kilometres Following the Earthquake

The Chilean territory expanded 1.2 square kilometres into the Pacific following the February earthquake that ravaged the centre and south of the country, according to Sergio Barrientos, head of the University of Chile Seismologic Institute.
Wednesday, May 12th 2010 - 00:03 UTC
Argentina, Brazil, Paraguay Angry with Oscar-Winning Director Bigelow Film Project

Argentine Secretary of Tourism said Enrique Meyer said that Argentina, Brazil and Paraguay are angry with Oscar-winning director Kathryn Bigelow's latest project, a film focusing on a border region, shared by the three countries and thought to be a centre for smuggling and terror financing.