Economy

• Sunday, January 30th 2011 - 21:02 UTC

  Chinese Mega City For 42 Million People

  

  Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people

• Sunday, January 30th 2011 - 20:23 UTC

  Volatility Oil Prices, Futures Rise Most Since 2009

  

  Oil options volatility increased as the underlying futures surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East.

• Friday, January 28th 2011 - 21:25 UTC

  “Trade is the Biggest Wealth Creator,” Says Prime Minister Cameron Welcoming Doha Report

  

  British Prime Minister David Cameron has welcomed a new report, which claims that for the Doha agreement to be successful, negotiations should be concluded in 2011.

• Friday, January 28th 2011 - 21:13 UTC

  IMF Assessment of Brazil Is ‘Wrong and Stupid’

  

  The International Monetary Fund’s assessment that Brazil’s fiscal situation is worsening and putting at risk the government’s targets is “totally wrong” and “stupid,” Finance Minister Guido Mantega said.

• Friday, January 28th 2011 - 20:58 UTC

  Tenders for Three Winds Farms in Uruguay Awarded

  

  A Spanish firm and two Argentine ones have been awarded tenders to build wind farms. Spanish Teyma and the Argentine Impsa and Fingano will invest around U$ 300 million in the project.

• Friday, January 28th 2011 - 20:51 UTC

  Cruise Costs to Increase Due To Rise in Fuel Costs

  

  British holidaymakers wanting to go on a cruise are going to have to shortly pay more as UK based operators announced they are set to begin charging fuel supplements.

• Friday, January 28th 2011 - 19:56 UTC

  Tory Leaders Will Stick With Cuts, Adjustment Will Not Be Without Struggle

  

  David Cameron and George Osborne have insisted they will stick to their spending cuts programme despite deepening economic gloom and renewed threats of co-ordinated strike action.

• Friday, January 28th 2011 - 18:52 UTC

  Ban Ki-moon Says World Leaders Need to “Lead By Action”

  

  United Nations Secretary General Ban Ki-moon today called for “revolutionary action” to achieve sustainable development, warning that the past century’s heedless consumption of resources is “a global suicide pact” with time running out to ensure an economic model for survival.

• Friday, January 28th 2011 - 14:22 UTC

  Euro is Not Going Through a Crisis According to European Central Bank President

  

  The euro is not going through a crisis, although in some countries if the EU there are problems which must be solved, said the President of the European Central Bank Jean Claude Trichet. “There is no euro crisis. That is absolutely clear,” he added.

• Friday, January 28th 2011 - 02:19 UTC

  Half a Million Chileans Fall into Poverty Following Earthquake

  

  Chile’s Planning Minister Felipe Kast and Housing Minister Magdalena Matte met yesterday at Cerro Navia to announce the results of Chile’s Post Earthquake Survey (EPT). The survey’s aim was to measure the social impact of the February. 27, 2010, 8.8-magnitude earthquake on poverty, property, and psychological well-being in Chile.