Stories for December 12th 2011

Monday, December 12th 2011 - 04:56 UTC
German Finance minister confident EU agreement will solve Euro debt crisis

German Finance Minister Wolfgang Schaeuble said agreements reached at an EU summit this week will solve the Euro zone's debt crisis and that Germany needs a strong Europe.
Monday, December 12th 2011 - 04:45 UTC
Chinese President Hu Jintao special envoy meets with new Argentina authorities

Argentina's new Vice President and Speaker of the Senate Amado Boudou met on Friday with Chinese President Hu Jintao's special envoy Jiang Shusheng to further promote bilateral relations.
Monday, December 12th 2011 - 04:40 UTC
Chile names Harvard-educated economist as new Central bank president

Chile named this week member of the board and Harvard-educated Rodrigo Vergara Montes as the new President of the Central bank replacing outgoing Jose De Gregorio. President Sebastian Piñera still has to name the fifth member of the board.
Monday, December 12th 2011 - 04:35 UTC
In spite of “bitter disappointment” Lib-Dem will remain in UK coalition

Divisions over Europe within the British coalition government were exposed when David Cameron's deputy said an EU summit that ended with the prime minister deploying his veto was a “bitter disappointment” and “bad for Britain.”
Monday, December 12th 2011 - 04:33 UTC
EU deal ‘is part of the solution, but not the solution’ says IMF chief economist

The agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Euro zone's debt crisis, International Monetary Fund (IMF) chief economist Olivier Blanchard said.
Monday, December 12th 2011 - 04:29 UTC
Humala reshuffles cabinet and names former military officer Prime Minister

Peruvian President Ollanta Humala has picked Jorge Humberto Merino, who worked for the government agency that promotes foreign investment, to be his new mines and energy minister, local media reported on Sunday.
Monday, December 12th 2011 - 04:27 UTC
Chile with the worst OECD indexes; income ratio between rich and poor 27 to 1

According to a new study by the Organization for Economic Co-operation and Development, income inequality in most economically developed countries is the worst it has been in nearly 25 years. Ten countries from the OECD report, particularly Chile are identified as having the worst income inequality.
Monday, December 12th 2011 - 00:18 UTC
Argentine organized labour admits a “difficult relationship” with CFK

Argentina’s organized labour has admitted a “difficult relationship” between the government of President Cristina Fernandez and the CGT Labour Confederation, but there’s “no break-up or anything like it”.
Monday, December 12th 2011 - 00:06 UTC
China admits ‘severe challenges’ to exports because of EU and US slowdown

China faces “severe challenges” to its exports due to economic difficulties in key Western markets, the country's commerce ministry has warned. Data has shown a sharp slowdown in export growth in November, the ministry said.