International

• Thursday, November 10th 2011 - 07:36 UTC

  Obama/CFK meeting “warm” but Argentina must pay its debts

  

  The US referred to last week’s meeting between Barack Obama and President Cristina Fernández as “warm,” but once again “encouraged” Argentina to pay off the debt it holds with US bondholders and companies.

• Thursday, November 10th 2011 - 06:14 UTC

  Uruguay claims Brazilian support in “fiscal haven” controversy with Sarkozy

  

  A top Uruguayan official said the country has the support of Brazil regarding the controversy triggered when President Nicholas Sarkozy as host and ‘rapporteur’ of the recent G20 summit named Uruguay in the list of the world’s most notorious fiscal havens.

• Thursday, November 10th 2011 - 06:11 UTC

  Euro crisis: Brazil says capital flight from emerging economies has started

  

  Members from the Brazilian and Uruguayan governments have warned about the increase of capital flight from emerging countries as the Euro crisis lags in search of a strong decision.

• Thursday, November 10th 2011 - 05:59 UTC

  Italy at the point where Greece, Ireland and Portugal cracked; global markets on the edge

  

  Stock markets in Asia opened sharply lower on Thursday after Italy's record-high cost of borrowing renewed fears over the Euro-zone crisis. Japan's Nikkei index fell 2.3%, Australia's ASX was down 2.8% while South Korea's Kospi opened 2.6% lower.

• Thursday, November 10th 2011 - 05:56 UTC

  China inflation cools in October; housing transactions down 25% from September

  

  China's inflation cooled in October, home sales fell and industrial output grew at the slowest pace in a year, adding pressure for measures to support growth in the world's second-biggest economy.

• Wednesday, November 9th 2011 - 06:22 UTC

  Lloyds reports £ 3.9bn loss in nine months; blames cost of settling PPI claims

  

  Lloyds Banking Group has reported a £3.9bn (6.3bn) loss for the first nine months of 2011, mainly due to the cost of settling claims for mis-selling payment protection insurance (PPI).

• Wednesday, November 9th 2011 - 06:16 UTC

  Berlusconi stepping down; technocrat or national unity government to follow

  

  Italian Prime Minister Silvio Berlusconi said on Tuesday he would resign after suffering a humiliating setback in parliament that showed a party revolt had stripped him of a majority.

• Tuesday, November 8th 2011 - 08:20 UTC

  White House officially denies evidence of extraterrestrials contacting humans

  

  The White House has said it has no evidence that extraterrestrials have ever tried to contact humans. In a blow to conspiracy theorists everywhere, a senior Barack Obama administration official also says there is also no credible information to suggest evidence of alien life is being kept from the public.

• Tuesday, November 8th 2011 - 08:03 UTC

  Emerging nations ready to support the Euro but demand IMF reforms

  

  Major emerging economies are ready to provide financial help to the Euro zone via the International Monetary Fund but in return want commitments to reform the IMF to be implemented, Russian Foreign Minister Sergei Lavrov said Monday.

• Monday, November 7th 2011 - 05:30 UTC

  Polls indicate that Rajoy and the conservatives will win by a wide margin in Spain

  

  Spain's centre-right People's Party will comfortably win parliamentary elections in two weeks time, 20 November, with an absolute majority, a private poll showed, as voters punish the Socialist government for the country's economic woes.