Stories for April 15th 2011

Friday, April 15th 2011 - 19:59 UTC
Falklands’ deports Spanish seamen serving imprisonment sentences

Two Spanish seamen serving imprisonment sentences for drugs related crimes in the Falkland Islands have been deported and since last Sunday are back in Spain, reports the Islands Police Headquarters.
Friday, April 15th 2011 - 18:50 UTC
China’s 3 trillion USD reserves intensify debate on Yuan convertibility

China's foreign exchange reserves exceeded the mark of 3 trillion US dollars for the first time at the end of March 2011, representing an increase of 24% from a year earlier. China retains the world’s leading position in forex reserves, according to data released by the country’s central bank.
Friday, April 15th 2011 - 18:44 UTC
Top banker predicts speculative inflows will continue; China’s stats not so rosy

Speculative money continues to flow into emerging markets, including China, and the situation is likely to continue over the long term, a top executive of China's largest commercial bank said Friday.
Friday, April 15th 2011 - 18:31 UTC
Brazil admits most airports won’t be ready for the 2014 World Cup

A Brazilian government report indicates that it will be extremely difficult to get most Brazilian airports ready in time for the 2014 World Cup.
Renovation work in 10 of the 13 airports which will be used during the month-long tournament will not be completed in time unless there are changes in the investment plans made by Brazil's airport authority, Brazil's Economic Research Institute said in its study.
Friday, April 15th 2011 - 05:44 UTC
‘The challenge is a better distribution of wealth’, said Insulza on Pan American Day

The Permanent Council of the Organization of American States (OAS) commemorated on Thursday April 14 Pan American Day and the anniversary of the signing of the Charter of the OAS, adopted in Bogota, Colombia, on April 30, 1948.
Friday, April 15th 2011 - 05:35 UTC
Developing nations reject IMF rules on capital inflows controversy

Developing nations warned the IMF on Thursday against imposing new rules dictating how they manage capital inflows rushing into their economies, suggesting rich nations take a hard look at their own policies instead.
Friday, April 15th 2011 - 05:31 UTC
China’s March inflation fastest since 2008; further tightening anticipated

Inflation in China accelerated in March to the fastest rate since 2008, despite government efforts to cool prices. Consumer prices rose by 5.4% in March compared with a year earlier, the National Bureau of Statistics said. In February, the annual figure was 4.9%.
Friday, April 15th 2011 - 03:12 UTC
Falkland Islands represented at Royal Wedding

A Falkland Islander will be joining the ranks of the privileged few at the Royal Wedding of the Prince William and Catherine Middleton in Westminster Abbey on April 29.
Friday, April 15th 2011 - 02:13 UTC
Mujica promises to control the curse of inflation, but ‘there are no magic solutions’

President Jose Mujica promised there will be no ‘uncontrolled inflation in Uruguay’ and although admitting it’s not a simple problem, with no magic solution, there are “sufficient tools’ to address the issue including putting “government spending on a diet”.
Friday, April 15th 2011 - 00:12 UTC
“Other blocks demand too much from Mercosur and offer too little”

Several Mercosur negotiations with other blocks have failed because “they ask too much and offer too little” said Samuel Pinheiro recently appointed Mercosur High Representative and who is holding a round of meetings with member countries’ leaders.