Stories for 2010

Tuesday, October 19th 2010 - 03:39 UTC
Indian tycoon builds 2 billion USD family home in downtown Mumbai

Indian businessman Mukesh Ambani, ranked the world's fourth-richest man by Forbes magazine this year, is to soon move into what is believed to be the most expensive private home ever built.
Tuesday, October 19th 2010 - 03:28 UTC
Brazil again ups tax on incoming capital; calls for end to the “currency war”

Brazil increased taxes on foreign investments in fixed-income securities for the second time in a month and Finance Minister Guido Mantega said countries trying to defend exports must end the “currency war.”
Tuesday, October 19th 2010 - 03:06 UTC
Piñera wants to reaffirm Chile/UK close alliance well into the XXI century

Capitalizing on the wave of international admiration for the miners’ rescue, Chilean President Sebastian Piñera began Monday in 10 Downing Street his official two day visit to Great Britain underlining the close links and longstanding alliance between Chile and Britain.
Monday, October 18th 2010 - 22:47 UTC
Next Chilean ambassador to China promises to boost agriculture exports

Luis Schmidt, the recently appointed Chilean ambassador to China, is already speaking out about his goals and needs as ambassador to the country that has become Chile's largest trading partner. Last month he attended the closing of the World Expo in Shanghai and in January will relocate to China
Monday, October 18th 2010 - 22:42 UTC
Brazil becomes magnet for Chilean investors; trade in 2010 soars 66%

This year Brazil has emerged as Chile's largest trading partner in South America and one of the most important destinations for Chile's investment. Overall, trade between Brazil and Chile has grown 66%, while Brazil replaced Colombia as second highest location for Chilean Investment.
Monday, October 18th 2010 - 21:58 UTC
Rockhopper plans to raise £ 200 million for further oil drilling in Falklands

Rockhopper Petroleum Plc, an oil explorer focused on the Falkland Islands, plans to raise about £200 million (318 million USD) through a share placement to pursue additional appraisal of its Sea Lion prospect.
Monday, October 18th 2010 - 21:49 UTC
China insists that reforming the Yuan “will be a gradual process”

A senior IMF official tried to dampen talk of a global currency war, while China said it will stick to a gradual reform of its currency.
Monday, October 18th 2010 - 21:44 UTC
IMF chief warns about ‘capital flooding’ and ‘destabilization’

Capital flooding into Asia could lead to excessive exchange-rate moves, asset bubbles and financial instability, Domnique Strauss-Khan, the head of the International Monetary Fund, said in Shanghai Monday.
Monday, October 18th 2010 - 21:18 UTC
Brazil’s king-maker prefers to remain ‘independent”: decision favours Dilma

Brazil’s Green Party decided Sunday to remain independent in the presidential runoff election on October 31.
The third-place finisher in the first round, Marina Silva said she would not support either Dilma Rousseff, a former cabinet chief, or the opposition candidate, José Serra, a former governor of São Paulo.
Monday, October 18th 2010 - 20:52 UTC
Falklands/Malvinas: Argentina thanks Mercosur partners for renewed support

Argentine Foreign Affairs minister Hector Timerman thanked his Mercosur counterparts for “renewing their support towards Argentina for its legitimate, constant and unlimited right to claim the Malvinas Islands' sovereignty to the United Kingdom”.