Stories for May 10th 2012

Thursday, May 10th 2012 - 20:26 UTC
China’s trade feeling the pinch of EU recession and US anaemic recovery

China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.
Thursday, May 10th 2012 - 20:18 UTC
Europe at risk of Japanese-style ‘lost decade’ claims Dutch central bank

Europe is at risk of a Japanese-style “Lost Decade” of low economic growth, weak consumer spending, poor company investment and tougher borrowing conditions, the Dutch central bank said on Thursday.
Thursday, May 10th 2012 - 20:08 UTC
Bank of England forgets stimulus and targets inflation in spite or recession

Bank of England policymakers on Thursday decided against pumping more cash into Britain's recession-hit economy, preferring to sit tight after a surprise spike in inflation.
Thursday, May 10th 2012 - 20:03 UTC
Cristina Fernandez looks for new friends: Hollande and Putin

Argentina’s Cristina Fernández spoke to French president- elect François Hollande and newly elected Russian president Vladimir Putin to congratulate them on their wins and agreed to meet them both in the next G20 meeting in Mexico.
Thursday, May 10th 2012 - 19:57 UTC
Industrial sales and employment in Brazil gradually picking up

Brazil's use of installed industrial capacity fell for a second consecutive month in March, despite a continued recovery of industrial sales during the period, Brazil's National Confederation of Industries, CNI, announced.
Thursday, May 10th 2012 - 19:52 UTC
Brazilian strategy to lower value of its currency seems to be working

Investors pulled 1 billion dollars out of Brazil last week as Euro-zone debt fears continue to spook markets and the Brazilian government shows little sign of changing its hefty intervention policies.
Thursday, May 10th 2012 - 19:47 UTC
Colombian group interested in HSBC assets in Peru, Uruguay and Paraguay

Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay
Thursday, May 10th 2012 - 19:43 UTC
US April jobless figure drops to lowest since July 2008; unemployment, 8.1%

The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labour market was deteriorating after April's weak employment growth.
Thursday, May 10th 2012 - 19:29 UTC
The Olympic torch with the blessing from Apolo is en route to London

The flame that will burn during the London Games was lit on Thursday at the birthplace of the ancient Olympics on Thursday, heralding the start of a torch relay that will culminate with the opening ceremony on July 27.
Thursday, May 10th 2012 - 16:13 UTC
Argentine government re-activates national committee of Malvinas combatants

The Argentine government reactivated the National Committee of former Malvinas combatants which will support legal actions against crimes committed by Argentine officers during the 1982 conflict and demand DNA tests to identify the 123 remains buried in the Darwin cemetery in the Falklands.