Stories for 2011

Friday, August 5th 2011 - 07:47 UTC
Obama administration confident Geithner will remain in his job

President Barack Obama’s senior advisers are confident Treasury Secretary Timothy Geithner will remain in his job even though he hasn’t made his intentions public, an administration official said.
Friday, August 5th 2011 - 07:42 UTC
Black Thursday in US and Europe turns into black Friday in Asia

Asian stock markets have slumped on Friday, extending a global equity sell-off after Wall Street had its worst day in more than two years. Japan's main Nikkei 225 index shed 3.4% to 9,329.75. South Korea lost 4.2%, Australia slid 2.4% and China's Shanghai SE Composite Index was down 2%.
Friday, August 5th 2011 - 07:39 UTC
Latam markets suffer some of their worst losses since 2009

Latin America’s main stock exchanges suffered strong losses on Thursday much in line with plunging world markets and reflecting contagion of growing uncertainties that the fragile global recovery is again on the verge of a recession.
Friday, August 5th 2011 - 01:43 UTC
China takes over South Africa’s Standard Bank network in Argentina

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.
Thursday, August 4th 2011 - 22:57 UTC
French students’ killed in Argentina: claims of suspects beaten by police

The family members of the French tourists who were murdered in Salta, north of Argentina were taken to the scene where the bodies were found to walk across the area, accompanied by the judge in charge of the case.
Thursday, August 4th 2011 - 22:18 UTC
Bank of England adopts ‘wait and see’ attitude amid world turbulence

The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.
Thursday, August 4th 2011 - 20:20 UTC
Euro zone resumes bond purchases amid fears of growing crisis contagion

European Central Bank (ECB) announced Thursday it will offer a fresh round of loans to banks (*) in light of continuing fears about the Euro-zone debt crisis. ECB president Jean Claude Trichet said that economic uncertainty was “particularly high”'.
Thursday, August 4th 2011 - 19:48 UTC
Chilean students and teachers defy ban and take to the streets to protest

Protests carried out by students and teachers were suppressed Thursday by the Chilean police as over a dozen of roadblocks were set across Chile’s capital Santiago defying the government’s prohibition. Police suppressed demonstrators with tear gas and water.
Thursday, August 4th 2011 - 19:41 UTC
CFK re-election bid remains unscathed in spite of recent electoral defeats, says poll

In spite of the latest defeats in the province of Santa Fe and in Buenos Aires City, President Cristina Fernandez, CFK, has sufficient vote intention to ensure her re-election in the first round October 23.
Thursday, August 4th 2011 - 19:37 UTC
US Senate breakthrough for trade agreements with Korea, Colombia and Panama

The United States Senate leaders ended an impasse over stalled free-trade agreements, agreeing to vote after the August recess on benefits for workers who lose their jobs because of overseas competition, which opens the way for the approval of pending agreements with Korea, Colombia and Panama.