International

Saturday, May 12th 2012 - 09:17 UTC
Top trade officials invite Brazilian companies to invest in East Germany

A top visiting German trade official appealed to Brazilian companies Thursday to invest in Europe's largest economy, particularly in the former East Germany taking advantage of the country’s know-how.
Friday, May 11th 2012 - 21:43 UTC
Hague describes Chile as one of UK’s “greatest friends in the region”

UK Foreign Secretary William Hague praised Chile during a meeting in London with his peer Alfredo Moreno to discuss a range of issues on which the two countries can work together.
Friday, May 11th 2012 - 21:10 UTC
Spain in another clean-up of its financial system hoping to restore confidence

Spain told its banks on Friday to set aside another 30 billion Euros to cover potential losses on real estate and ordered an independent audit of their debts, an effort to restore confidence in a sector that is at the heart of the country's financial crisis.
Friday, May 11th 2012 - 15:38 UTC
Indian leading oil company in talks to buy 25% stake in Falklands’ exploration block

The overseas arm of Indian state-owned Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd is in talks to buy 25% stake in an exploration block off Falkland Islands in the South Atlantic, reports The Economic Times from New Delhi.
Friday, May 11th 2012 - 13:10 UTC
Irish experience advice on how to rid banks of toxic real estate assets

Spain’s plan to rid banks of toxic real estate assets is reviving the politically heated debate over how creditors and taxpayers should share the vast losses still being incurred by the Euro zone debt crisis. Nowhere is the issue in sharper relief than in Ireland.
Friday, May 11th 2012 - 13:06 UTC
BRIC members, Indonesia, Philippines and Chile lead in air travel growth

Asia leads the world’s growth in air travel and holds seven out of the ten busiest inter-city routes. In addition to the BRIC markets, Indonesia, the Philippines, and Chile showed an impressive growth, according to analysis by the market intelligence solution Amadeus Total Demand.
Friday, May 11th 2012 - 12:29 UTC
As in Hitler’s time, the Olympic spirit exploited for political purposes

By Harold Briley - Hitler exploited the Olympics. Argentina’s cynical and infantile exploitation of the Olympic Games for political purposes is a reminder, if any is needed, of its persistent failure to abide by accepted standards of honesty and decency.
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.