International

Monday, August 8th 2011 - 04:14 UTC
China warns US on ‘debt addiction’; demands global supervision of dollar issues

Beijing bluntly criticized the United States after the superpower's credit rating was downgraded, saying the “good old days” of borrowing were over. S&P cut the US long-term credit rating from top-tier AAA by a notch to AA-plus on yesterday, over concerns about the nation's budget deficits and climbing debt burden.
Monday, August 8th 2011 - 04:03 UTC
Sarkozy thanks CFK for the investigation of the murder of two French tourists

French President Nicolas Sarkozy called President Cristina Fernández de Kirchner, CFK, on Sunday in order to “personally thank her for the outstanding job” carried out by local authorities in the investigation of the murder of two French tourists in Salta.
Monday, August 8th 2011 - 03:48 UTC
For Argentina Falklands/Malvinas sovereignty legitimacy conditions any other negotiation

Argentina is not going to make things easy for Britain in the Falkland Islands and the first discussion, before any other issues are addressed, must be the legitimacy of the Malvinas Islands sovereignty, said Argentine Defence Minister Arturo Puricelli in a Sunday interview by Carolina Barrios published in the Buenos Aires Herald.
Friday, August 5th 2011 - 20:06 UTC
China calls for global cooperation to solve dollar and euro debt problems

China's Foreign Minister called on Friday for more global cooperation to resolve US and Euro area debt problems as stock markets around the world tumbled on fears another financial storm may be developing.
Friday, August 5th 2011 - 18:50 UTC
Argentina blasts US and EU: only way out of crisis is expanding public spending

Argentina's Deputy Economy Minister Roberto Feletti criticized the fiscal austerity measures being implemented in Europe and the US, saying those policies will only hurt the global economy.
Friday, August 5th 2011 - 18:35 UTC
France opens court investigation into killing of two students in Argentina

A court investigation over the “kidnapping, rape and murders,” of the two French women killed in Salta, northern Argentina was opened Friday in Paris, French court sources informed.
Friday, August 5th 2011 - 07:42 UTC
Black Thursday in US and Europe turns into black Friday in Asia

Asian stock markets have slumped on Friday, extending a global equity sell-off after Wall Street had its worst day in more than two years. Japan's main Nikkei 225 index shed 3.4% to 9,329.75. South Korea lost 4.2%, Australia slid 2.4% and China's Shanghai SE Composite Index was down 2%.
Friday, August 5th 2011 - 01:43 UTC
China takes over South Africa’s Standard Bank network in Argentina

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan.
Thursday, August 4th 2011 - 22:18 UTC
Bank of England adopts ‘wait and see’ attitude amid world turbulence

The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.
Thursday, August 4th 2011 - 20:20 UTC
Euro zone resumes bond purchases amid fears of growing crisis contagion

European Central Bank (ECB) announced Thursday it will offer a fresh round of loans to banks (*) in light of continuing fears about the Euro-zone debt crisis. ECB president Jean Claude Trichet said that economic uncertainty was “particularly high”'.