Stories for October 2011

Tuesday, October 11th 2011 - 07:48 UTC
China to increase oil and sales tax (5 to 10%) to reduce consumption

China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.
Tuesday, October 11th 2011 - 07:44 UTC
”We are the 99%” protestors in downtown Chicago disrupt bankers’ events

Thousands of protesters, including teachers and religious leaders, converged on downtown Chicago Monday to rally against economic inequality, with two financial industry events in their crosshairs.
Tuesday, October 11th 2011 - 07:38 UTC
Business leaders tell Obama how millions of jobs could be created

President Barack Obama could create millions of jobs by attracting more foreign capital to the United States, helping entrepreneurs and being more aggressive in energy, business leaders said.
Tuesday, October 11th 2011 - 07:27 UTC
Odyssey Marine discovers WWI torpedoed vessel off Ireland with 18m in silver

Odyssey Marine Exploration announced Monday the discovery of a new sunken treasure dating back to the First World War that they plan to retrieve from the bottom of the North Atlantic.
Tuesday, October 11th 2011 - 07:20 UTC
Mercosur a ‘priority’ almost a ‘sanctuary’ for Brazilian trade and diplomacy

Brazil is reinforcing its diplomacy’s legal and trade departments in anticipation of a major impact from a possible global situation and in this context “Mercosur is a priority, almost a sanctuary” announced Monday the Foreign Affaire ministry.
Tuesday, October 11th 2011 - 07:13 UTC
Brazil is a “decisive partner” for Argentina in the event of a major crisis

For Argentina, Brazil is a “decisive partner” in addressing the negative effects of the world economic crisis which has hit the United States and the European Union, said on Monday Argentina’s Deputy Economy minister Roberto Feletti.
Monday, October 10th 2011 - 23:00 UTC
China warns Washington of a ‘trade war’ if US Senate votes punishing the Yuan

China reiterated that an expected vote this week in the US Senate on a bill intended to pressure Beijing to allow its currency to raise if made into law would result in a trade war and hurt US-China ties.
Monday, October 10th 2011 - 22:53 UTC
CFK main presidential competitor promises “responsible opposition”

The Argentine Socialist Frente Amplio Progresista’s (FAP) presidential candidate Hermes Binner assured that if he doesn’t make it to a second round after October 23rd, his party will be part of a “responsible opposition.”
Monday, October 10th 2011 - 22:49 UTC
Largest virus ever discovered pulled off the coast of Chile

The largest virus yet discovered has been isolated from ocean water pulled up off the coast of Chile. Called Megavirus chilensis, it is 10 to 20 times longer than the average virus.
Monday, October 10th 2011 - 22:40 UTC
Markets react positively to Merkel/Sarkozy promise of Euro zone plan

Stocks rose sharply in Europe and in the US on Monday as investor sentiment were buoyed by a renewed pledge by France and Germany to come up with a plan to tackle the Euro zone debt crisis by month's end. International pressure has been building for bold steps from Europe to avert a global economic backlash.