Stories for 2010

Wednesday, October 20th 2010 - 01:04 UTC
In a surprise move China raises interest rate for the first time since 2007

China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market. The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.
Wednesday, October 20th 2010 - 01:02 UTC
Geithner vows not to devalue the dollar for export advantage

Treasury Secretary Timothy Geithner vowed that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health.
Wednesday, October 20th 2010 - 00:59 UTC
China purchases 70.000 tons of Argentine soybean oil; in November 80.000 tons?

China has bought at least 70,000 tons of Argentine soybean oil after Beijing decided to unlock the imports ban that had resulted in a mounting-tension conflict. The move came after China agreed to allow all products coming from Argentina to enter its ports and was reported by Oil World magazine.
Wednesday, October 20th 2010 - 00:57 UTC
World Bank warns the US about consequences of dollar liquidity

Surging capital inflows threaten Asia's economic stability, the World Bank warned after Treasury Secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.
Wednesday, October 20th 2010 - 00:52 UTC
IMF: imperative for Latinamerica to cut growth of public spending

The International Monetary Fund once again warned Latin American nations with fast growing economies of the risk of “overheating” due to strong domestic demand, which would cause “inflation and widening of current account deficits.”
Wednesday, October 20th 2010 - 00:41 UTC
Political agreement for a more democratic Mercosur parliament

Mercosur reached a political agreement to review the composition and election of the group’s Parliament, Parlasur. Under the new system to be implemented in several years the number of seats will be increased based on proportional representation and members of Parlasur will be chosen by direct universal vote.
Tuesday, October 19th 2010 - 04:07 UTC
Falkland Islands, new destination for successful UK online Travel in Depth

A United Kingdom independent online travel company specializing in wilderness adventures is expecting at least a 10% rise in sales in the next year after adding extra destinations to its portfolio, including the Falkland Islands.
Tuesday, October 19th 2010 - 03:56 UTC
Fears strong growth in Brazil will fuel inflation in months ahead

Economists in a weekly central bank survey raised for a fifth straight week their forecasts for Brazil's benchmark inflation index in 2010 and 2011, underscoring concerns that growth in the economy will raise consumer prices in the months ahead, the bank said.
Tuesday, October 19th 2010 - 03:53 UTC
Teheran reiterates to Argentina it won’t turn in suspected Iranian officials

Iran has rejected an Argentine proposal to nominate a third country to host a trial of Iranian officials accused by Buenos Aires of masterminding a Jewish centre bombing that killed 85 people.
Tuesday, October 19th 2010 - 03:50 UTC
Brazil’s Vale “very well positioned” to continue as world’s largest mining group

Brazil’s Vale Rio Doce, the world’s biggest iron- ore miner, said it is not planning any more acquisitions because it has enough assets to double its capacity.