Stories for February 2011

Wednesday, February 16th 2011 - 06:01 UTC
Chevron will appeal 8.6 billion ‘extortive’ fine imposed by Ecuador judges

US oil giant Chevron says it will appeal against an 8.6 billion US dollars fine imposed by Ecuador judges, carrying on a long-running row over pollution. Chevron's Kent Robertson told the BBC the case was an “extortion scheme”, and accused Ecuador's state-run firm of polluting the country's Amazon region.
Wednesday, February 16th 2011 - 01:17 UTC
More Argentine measures “to preserve re-industrialization process”

Argentina extended the application of LNA non-automatic licenses to a list of new imported products, which include metallurgical products, electronics, some fabrics, high-range automobiles, bicycles and bicycle parts.
Wednesday, February 16th 2011 - 01:12 UTC
Deutsche Bourse and NYSE Euronext become world’s largest exchange operator

Deutsche Boerse and NYSE Euronext announced Tuesday the creation of the world's largest exchange operator. A key compromise is an agreement to headquarter the combined group in both New York and Frankfurt.
Wednesday, February 16th 2011 - 01:09 UTC
Rio de Janeriro’s top cop forced to step down in midst of corruption scandal

The head of Río de Janeiro's state's civil police quit, becoming the latest victim of a drugs and corruption scandal that has shocked the police in Brazil's second city.
Wednesday, February 16th 2011 - 00:39 UTC
What about tasting some ‘Charlem’, Charleston engineered meat?

Vladimir Mironov, a US biologist and tissue engineer at the Medical University of South Carolina, has been working to grow “cultured” meat for a decade, and is closer than ever to achieving his goal.
Wednesday, February 16th 2011 - 00:37 UTC
French conservatives attack IMF Strauss-Khan who is eyeing Sarkozy’s post

France's economy minister Tuesday urged IMF chief Dominique Strauss-Kahn to stay at the global lender, as French conservatives sought to impede his potential bid for the French presidency next year.
Wednesday, February 16th 2011 - 00:35 UTC
Coca Cola says its recipe remains secret and intact after 125 years

The Coca Cola Company said on Tuesday that its flagship cola recipe is still secret after nearly 125 years, denying a story by a US public radio show that it has uncovered the formula.
Wednesday, February 16th 2011 - 00:32 UTC
World Bank food prices index jumps 15% in four months, just below 2008 record

Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris.
Wednesday, February 16th 2011 - 00:30 UTC
IMF calls for Yuan and SDRs to play greater role in global finance

IMF chief Dominique Strauss-Kahn said the currencies of China and other emerging economies such as Brazil should play a greater role in global finance, as part of a bid to promote monetary stability
Wednesday, February 16th 2011 - 00:28 UTC
Japan insists G-20 must address the issue of capital inflows to emerging economies

Japan's finance minister made it clear Tuesday that Tokyo is particularly interested in discussing ways to deal with the problem of strong capital inflows into emerging economies when he meets with officials from the Group of 20 industrial and developing nations in Paris later this week.