Stories for October 2010

Wednesday, October 13th 2010 - 00:46 UTC
Japan announces new stimulus plan and measures to weaken the Yen

The Japanese cabinet has approved a plan to pump more than 60 billion US dollars into the country's struggling economy. The aim of the plan - which still needs approval from parliament - is to boost growth, jobs and spending.
Wednesday, October 13th 2010 - 00:41 UTC
China replaces the US as the world’s largest energy consumer

China has become the world's largest energy consumer having overtaken the United States, the head of the International Energy Agency said on Tuesday.
Wednesday, October 13th 2010 - 00:40 UTC
Chinese oil company sets foot on shale oil and gas field in Texas

Chinese oil company CNOOC has agreed to pay just over one billion US dollars for a 33% stake in a South Texas shale oil and gas field. CNOOC announced the deal with Chesapeake Energy Corporation, which will also see it fund 75% of Chesapeake's share of the costs until an additional 1.08 billion has been paid.
Tuesday, October 12th 2010 - 20:10 UTC
New UN Security Council members expected to push strongly for reforms

Germany, India, South Africa and Colombia have won two-year seats on the UN Security Council as non veto power members. Portugal got the other available place when Canada withdrew its bid after the second round of voting at the UN General Assembly in New York.
Tuesday, October 12th 2010 - 19:29 UTC
UK wants to sell Brazil 11 naval bases, but is a late starter behind France and Italy

Britain is ramping up efforts to sell about 11 new naval vessels, including frigates, to the Brazilian Navy in a bid to catch up with marketing efforts launched by France and Italy, according to a recent article from DefenseNews.
Tuesday, October 12th 2010 - 07:00 UTC
Brazilian economy larger than Italy’s next year, according to IMF estimates

Brazil's economy will likely be larger than that of Italy next year, according to the latest data from the International Monetary Fund (IMF).
Tuesday, October 12th 2010 - 06:59 UTC
China resumes purchases of Argentine soy beans banned since April

China’s two largest state-owned grains and oilseeds trading companies to import soybean oil from Argentina, easing restrictions imposed in April. Beijing-based Cofco Ltd., China’s biggest grain trader, and China Grain Reserves Corp. have been cleared by the commerce ministry to import soybean oil from Argentina.
Tuesday, October 12th 2010 - 06:55 UTC
Nobel Economics Prize for experts in labour market and jobs

US born Peter Diamond and Dale Mortensen, and British-Cypriot Christopher Pissarides, have won the 2010 Nobel economics prize. They were honoured for work on how unemployment, job vacancies and wages are affected by regulation and policy.
Tuesday, October 12th 2010 - 06:51 UTC
“Queen Elizabeth” maiden voyage fully booked less in less than 30 minutes

The Queen has officially named Cunard's new Queen Elizabeth cruise ship in the port of Southampton. The ship will leave on her maiden voyage to the Canary Islands on Tuesday - a trip that was fully booked less than 30 minutes after going on sale.
Tuesday, October 12th 2010 - 06:36 UTC
UN corn and soybean futures resumed rally on Monday

United States corn and soybean futures resumed their rally Monday as a surprising government crop report from last week continued to drive concerns over supplies.