International

• Thursday, October 27th 2011 - 05:52 UTC

  In anticipation of global crisis World Bank extends 260m loan to Uruguay

  

  The World Bank Board approved a 260 million dollars loan to support the Uruguayan government’s reform program in order to consolidate growth with social equity and provide a line of financing to address the impact of the current uncertainty in global economic affairs.

• Wednesday, October 26th 2011 - 15:22 UTC

  Strong support for Merkel ahead of the Euro bail out summit

  

  Germany's Bundestag lower house of parliament approved on Wednesday a motion to strengthen the Euro zone rescue fund via leveraging, providing Chancellor Angela Merkel with the mandate she needs to negotiate at a key Euro summit in Brussels.

• Wednesday, October 26th 2011 - 15:18 UTC

  WTO warns protectionism is gaining ground “as a political reaction” to economic difficulties

  

  Economic pressures are tempting G20 governments to resort to protectionism in a misguided bid to shield their domestic markets from problems that are unrelated to trade, the World Trade Organization said in a biannual report Wednesday.

• Wednesday, October 26th 2011 - 02:47 UTC

  Iran blames the West for the killing of Gaddafi and ‘plundering’ Libya

  

  Western countries supported Muammar Gaddafi when it suited them but bombed the Libyan leader when he no longer served their purpose in order to “plunder” the north African country's oil wealth, Iranian President Mahmoud Ahmadinejad said on Tuesday.

• Wednesday, October 26th 2011 - 02:45 UTC

  Euro zone bailout summit outcome in doubt; Italian government on the brink

  

  Italy's cabinet failed on Tuesday to agree on pension reforms as the country seeks to re-launch its economy and tackle its debt. Meanwhile, financial markets nervously await the outcome of Wednesday's second Euro zone summit.

• Tuesday, October 25th 2011 - 04:26 UTC

  German parliament joins discussion on Euro rescue plan

  

  Germany's political opposition has succeeded in ensuring plans to enhance Europe's bailout fund be brought to a vote in parliament on Wednesday. The decision came after the Bundestag's plenary session rejected the opposition's demands for an open debate just Friday.

• Tuesday, October 25th 2011 - 03:53 UTC

  Latam should turn to Korea for trade and investment, suggests IDB

  

  A new study released by the Inter-American Development Bank (IDB) argues that countries in Latin America and the Caribbean (LAC) should turn their attention to Korea, a fast-growing economy that offers numerous opportunities for bilateral trade and investment.

• Tuesday, October 25th 2011 - 03:49 UTC

  Chinese leaders growing concern with food and property prices

  

  China's Premier Wen Jiabao said the country must control food and property inflation to ensure social stability. The remarks came after the premier visited fresh food markets in south western China over the weekend.

• Monday, October 24th 2011 - 21:20 UTC

  Increase in mergers of AIM oil and gas firms forecasted

  

  Increases in mergers and acquisitions of AIM (*) oil and gas firms are expected after big falls in their value, claims accountants Ernst & Young.

• Monday, October 24th 2011 - 15:57 UTC

  UK congratulates CFK and reiterates Falklands’ sovereignty is ‘not negotiable’

  

  The British government congratulated Argentine President Cristina Fernandez on her re-election and historic victory in Sunday’s polls but it also insisted that the sovereignty of the Falklands is “not negotiable”.