Stories for May 2010

Saturday, May 1st 2010 - 07:28 UTC
Euro Zone Leading Bank Praises Latam Growth and Financial System

Latin America currently has “the best financial system in the world”, said Francisco Luzón, member of the Board and head of the Latin American Division of Spain’s Banco Santander (NYSE:STD), the biggest bank by market capitalization in the Eurozone.
Saturday, May 1st 2010 - 07:21 UTC
China at the Centre of the World with the Opening of Shanghai World Expo

The Shanghai World Expo has got underway Friday evening with a dazzling display of artistic performances, fancy fireworks and high technologies at the opening ceremony.
Saturday, May 1st 2010 - 03:50 UTC
Lab Production of Green Hamburgers is “No Longer Science Fiction”

The lab production of meat without the need of slaughtering animals is no longer science fiction and could be producing “green” hamburgers in less than ten years according to the list of Time Magazine fifty main inventions of the year.
Saturday, May 1st 2010 - 02:20 UTC
Japan Issues Arrest Warrant for Head of Anti-Whaling Sea Shepherd

Japan’s Coast Guard has obtained an arrest warrant for the head of the Sea Shepherd Conservation Society, accusing him of ordering members of the protest group to obstruct the Japanese whaling fleet, investigative sources said Friday.
Saturday, May 1st 2010 - 02:16 UTC
Taxes in UK Must Rise Sharply Anticipates Think Tank

Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.
Saturday, May 1st 2010 - 02:13 UTC
US Economy Expands 3.2%, Third Consecutive Quarter of Growth

The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.
Saturday, May 1st 2010 - 02:07 UTC
Uruguay Pushing for an Indian Embassy in Montevideo

Uruguay is pushing for a full Indian mission in its capital Montevideo, showcasing the country as the gateway to the region and to expand bilateral trade and economic relations, according to New Delhi reports.
Saturday, May 1st 2010 - 01:23 UTC
Peru to Question Chile’s “Arms Build-Up” in the EU/Latam Madrid Summit

The Peruvian government’s claim that Chile is undergoing a tremendous arms build-up has once again come to the forefront of Latin American international relations.
Saturday, May 1st 2010 - 01:19 UTC
Brazilian Supreme Court Upholds Former Military Regime 1979 Amnesty Law

Amnesty International has condemned the Brazilian Supreme Court's blocking of a reinterpretation of a 1979 Amnesty Law that protects members of the former military government from being put on trial for extrajudicial killings, torture and rape.
Saturday, May 1st 2010 - 01:07 UTC
Brazilian Central Bank Purchases Dollars to Limit Gains in the Real

Brazil’s Real fell on Friday for the first time in three days as the government stepped up efforts to limit gains in the currency. The real lost 0.6% to 1.7384 per dollar at the end of the week after increasing 2.4% in April and 1.1% for the week.