Argentina extended the application of LNA non-automatic licenses to a list of new imported products, which include metallurgical products, electronics, some fabrics, high-range automobiles, bicycles and bicycle parts.
Deutsche Boerse and NYSE Euronext announced Tuesday the creation of the world's largest exchange operator. A key compromise is an agreement to headquarter the combined group in both New York and Frankfurt.
France's economy minister Tuesday urged IMF chief Dominique Strauss-Kahn to stay at the global lender, as French conservatives sought to impede his potential bid for the French presidency next year.
The Coca Cola Company said on Tuesday that its flagship cola recipe is still secret after nearly 125 years, denying a story by a US public radio show that it has uncovered the formula.
Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June as food costs continue to rise to near 2008 levels, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris.
IMF chief Dominique Strauss-Kahn said the currencies of China and other emerging economies such as Brazil should play a greater role in global finance, as part of a bid to promote monetary stability
Japan's finance minister made it clear Tuesday that Tokyo is particularly interested in discussing ways to deal with the problem of strong capital inflows into emerging economies when he meets with officials from the Group of 20 industrial and developing nations in Paris later this week.
China said on Tuesday consumer prices rose 4.9% in January, a lower-than-expected figure. According to data released by the National Bureau of Statistics (NBS), the Consumer Price Index (CPI), the main gauge of inflation, was 0.3 percentage points higher than in December but still lower than November’s 28-month-high of 5.1%.
France warned Tuesday that it is following closely European Union/Mercosur trade talks to ensure that farmers from both blocks are strictly subjected to the same rules.
Countries anxious to avoid a repeat of the 2007-2008 global food crisis when they were caught short of grain supplies, have stepped up their buying programs and are driving prices to new highs.